flagship warehouse: In the early hours of that day, a fire had broken out in his company's flagship warehouse in Andover, Hampshire, according to The Guardian. The savage blaze burned for 48 hours, required 200 firefighters to bring it under control, and reduced the 45m building to a twisted, smouldering hulk. However, as Steiner was delivering his presentation in Goldman Sachs's London office where he worked as a bond trader in the 1990s about 70 miles to the west a key element of the Ocado operation was literally about to go up in smoke. Shopping, songs, TV, transport new tech has many sectors in disarray Read more Ocado had to abandon the 4,000-plus deliveries that usually leave the Andover depot daily in its distinctive food-emblazoned vans; but the fire has done more than spoil the Sunday lunch plans of customers in nearby Winchester and Salisbury. Investors worried that retailers, who have been queuing to buy its automated warehouse technology, would take fright at the vulnerability the fire had exposed. Although Ocado's share price had recovered by Friday, the middle of last week saw more than 1bn wiped off the stock market value of the retail-turned-tech firm.
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