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Ocado feels heat after devastating fire

The Ocado warehouse where fire broke out on Tuesday has been completely destroyed, dealing a blow to the online grocer.

The company said in a statement yesterday that the fire was under control at its robotic warehouse in Andover, in Hampshire, and that potentially explosive pressurised refrigerants had been removed so that residents of the town who had to evacuate could return.

An exclusion zone has been lifted but firefighters may take another few days to extinguish the blaze fully.

Ocado’s shares have fallen more than 15 per cent since Tuesday as the extent of the fire became known. The shares closed down 9.8%t, or 94.5p, at 873.75p yesterday. The fire has also raised questions about the longer-term impact for Ocado.

Click here for the full Times article (£)

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