Ocado shares sink after key customer Kroger closes warehouses
US grocer scales back partnership in blow to credibility of Ocado’s tech licensing business
US grocer scales back partnership in blow to credibility of Ocado’s tech licensing business

Move follows Kroger’s decision to close its warehouses run on the UK retail technology group’s platforms

Company warns earnings from licensing business will be below expectations after clients scale back online grocery plans

Fund it operates took in fraction of capital from year-ago level as worries mount over potential surge in loan defaults

Investor redemptions and fears of AI disruption to software companies have prompted worries across the industry

Market stress to test whether it is right not to pursue scale as aggressively and broadly as some peers

Shareholder’s claims of impairments put billionaire investor Oliver Samwer’s stewardship back in the spotlight