Ocado share price falls after sales warning following warehouse fire

  • Ocado share price falls after sales warning following warehouse fire

Ocado share price falls after sales warning following warehouse fire

News today that the fire at online delivery firm Ocado's robotic order-fulfilment warehouse has been put under control, and no longer regarded as a 'major incident, ' will be welcomed by Ocado customers and of course the firm itself.

The spokesperson continued: "The removal of these materials is now complete and the evacuation area has been removed, with local residents and workers now able to access the affected area as normal".

The firm paid for hotel rooms for those who had to leave their homes during the night and sent its distinctive Ocado vans packed with food, drink, nappies and other essentials to Andover to help.

Ocado added it was working to minimise disruption for customers by increasing capacity at its three other major United Kingdom facilities in Hatfield, north of London, Erith, near the capital and Dordon in central England.

A 500m exclusion zone has been set up as firefighters continue to tackle the blaze, which broke out on Tuesday morning.

"We expect the rest of the building to be lost in this fire", said Neil Odin, Chief Officer at Hampshire Fire and Rescue Service.

"This is obviously a bad event and thankfully no one has been hurt, although some firefighters have been treated for smoke inhalation".

A huge blaze at the Ocado warehouse in Hampshire which stretched over four days has come to an end.

More than 300 firefighters were tackling the blaze on Wednesday afternoon, after it was declared a major incident. Although under control, it caused a collapsed roof and damaged all the robots and stock inside, firefighters said. Makes you truly appreciate the courageous men and women of the Fire Service!

Ocado's shares, which fell 5.2 per cent on Wednesday when the company said the fire would hit sales growth, were down a further 9.1 per cent to 881.4 pence at 1135 GMT.

More than 30,000 orders - 10% of Ocado's capacity - are processed by robots at the Andover warehouse each week, but Ocado has not yet given any detail about what the impact will be to customers.