'The objective of this partnership is to allow Kroger to redefine the grocery customer experience in the United States through the adoption of the centralised, automated model of online retailing provided by the Ocado Smart Platform, ' Ocado said in a statement.
Ocado, which already works with Sweden's ICA, Canada's Sobeys and France's Casino (as well as Morrisons in its home market), said it had agreed a contract that could see Kroger open up to 20 automated warehouses in the U.S. over the next three years.
Ocado said it believed Kroger, which had sales of $122 billion (90 billion pounds) in its last fiscal year, was the grocer best-positioned to succeed in the US sector.
November's announcement of a deal with France's Groupe Casino (CASP.PA) set the shares on their way, and was followed by a tie-up with Canada's Sobeys and Sweden's ICA Group (ICAA.ST).
Tatton-Brown said the detailed financial terms still had to be agreed, but the deal was expected to be neutral in respect to earnings in the full-year 2018.
Ocado's stock market surge pushed the value of the company above £5 billion ($6.8 billion) on Thursday.
PUBG Mobile Gets Miramar Desert Map Before Xbox One Twitch launched this new set of custom filters earlier, and they're available to everyone watching PUBG streams . Update 0.5.0 has added a new map, with the desert themed Miramar now available to play for mobile users.
Edinburgh Worldwide is the top-performing global smaller companies investment trust over the last three years, with the shares up 86%, while the Global Discovery fund has returned 55% over three years to the end of April, placing it third in its Citywire sector.
Ocado shares were trading nearly 80% higher on Thursday afternoon - reaching £10 per share at one stage. Ocado also works in partnership with Morrisons in the UK. It's another blow, however, for the 7.2% who remain resolutely bearish, some of whom are surely rushing for the exit (buying to cover their short positions), contributing to the share price jump. 'Moreover, some of the nuances of this deal in particular give us a feeling that the tables have turned and Ocado now has the supplier power'.
The two companies are working to identify the first three sites in 2018 for the development of new, automated warehouse facilities, and will identify up to a total of 20 over the first three years of the agreement, Ocado said.
Jefferies analyst James Grzinic, who rates the shares a "hold" said those terms represented "the strongest endorsement that Ocado could have delivered to investors".
The deal with Kroger is arguably Ocado's biggest to date and demonstrates that the company's technology push is starting to gain traction after some five years or so of pushing it.
THE maximum stakes on fixed-odds betting terminals (FOBTs) will be restricted to £2, the government has announced. Bookmaker William Hill said it will see a reduction in total gaming net revenue of 35%-45% following the move.
HoweyCoins is part of the SEC's effort to combat an explosion of scams and securities fraud associated with cryptocurrencies . Generally, if something passes the Howey test , and is therefore considered a security, it is subject to SEC regulation .
For now, New Jersey , and possibly DE , will likely be the only options for new sports betting operations in the coming weeks. Virginia law now considers gambling illegal, part of a code section titled "Crimes Involving Morals and Decency".
Agents reportedly avoided interviewing Trump associates and subpoenaing documents to keep the investigation secret. The FBI codenamed their probe Crossfire Hurricane, a reference to lyrics in a Rolling Stones song.
She then pulls down her trousers , proceeds to defecate on the floor, and then picks it up and flings it at the employee. Holly Largy said the case will be forwarded to the BC Prosecution Service to determine whether charges will be laid.
Betts came up limping after appearing to jam his right foot against the wall trying to make the catch, but he stayed in the game. This comes less than one day after Cavaliers coach Tyronn Lue said the Celtics are "gooning the game up", per Martinez.
To make things even more petty, she called him out BY NAME and even found his ( private) Instagram account to publicly shame him. But if you cross her, she'll call you out on social media, rallying her millions of followers to set you straight.
The vaccine will be reserved for people suspected of coming into contact with the disease, as well as health workers. The vaccine is complicated to use, requiring storage at a temperature between -60 and -80 degrees Celsius.
Reliance Communications shares surge 38%
The company is set to report earning for the quarter ended March on May 19. RCom says it owes only Rs 60 crore to Ericsson. A lawyer for RCom said it would appeal.
Penn State-Pitt game on September 8 will be in prime time
Penn State will play eight conference matchups, five of which are against teams who qualified for the NCAA Tournament last season. This is the third game of the four-year renewed series, although no other games have been scheduled in the future.
Oil drops as demand shows signs of weakening
Here is a look at how share prices for two blue-chip stocks and two exchange traded funds reacted to this latest report . Gasoline and distillate stocks were expected to have fallen by 2 million barrels and 1.3 million barrels, respectively.
Study shows Pop Music is getting sadder but more danceable?
More recent songs with a low happiness index included Sam Smith's " Stay with Me " and "Whispers" by Passenger , both from 2014. The researchers emphasize that they were looking for the trends in the acoustic properties and the moods describing the sounds.
James Ransone will play adult Eddie in 'It: Chapter 2'
Variety is reporting that Power co-star Andy Bean (pictured left above) has lined up the role of Stanley Uris in It: Chapter 2 . It's fitting because Wyatt Oleff was involved in one of the first movie's creepier sequences as young Stanley.