Ocado uses £150m from shareholders for warehouse robots

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Shares fall as online grocer reveals it has made a small loss and anticipates dented profits next year

Ocado has tapped shareholders for £150m as it pumps cash into fine-tuning the expensive technology behind its hi-tech warehouses where groceries are picked by robots.

The online grocer revealed it had made a small loss of £500,000 on sales of £1.3bn in the year to 3 December 2017. The Ocado chief executive, Tim Steiner, also warned that plans to step up investment in 2018 would dent profits in the new financial year.

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