Coronavirus latest: India expert panel calls for vaccine makers to hand over more data

  • Date: 10-Dec-2020
  • Source: Financial Times
  • Sector:Healthcare
  • Country:Middle East
  • Who else needs to know?

Coronavirus latest: India expert panel calls for vaccine makers to hand over more data

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Updated at 12/9/2020, 2:51:37 PM BST











Harry Dempsey



Ocado has lifted the full-year profit forecast for its online supermarket to double the previous year, as England's second lockdown kept shoppers buying groceries on the internet ahead of the festive season.



The company said on Thursday that sales at Ocado Retail, a joint venture between Ocado and Marks and Spencer, increased 35 per cent to almost £580m in the 13 weeks to the end of November, the final quarter of its financial year.



It estimates that full-year earnings before interest, tax, depreciation and amortisation for the business will be more than £70m. That was higher than the previous forecast of £60m made in early November and up from £35m last year.



The jump in sales over the previous quarter was driven by online buyers shopping throughout the week amid tighter coronavirus restrictions in November and greater seasonal spending.



"Increased social-distancing restrictions, in place nationally since early November, contributed to continued strong trading performance at Ocado Retail,“ the company said.



The rate of sales