Ocado stock was down 12% in early afternoon trading after Sobeys said it would not open a customer fulfilment centre (CFC), as Ocado calls its automated warehouses, in Vancouver. The British firm said it and Sobeys would now focus on driving order and sales volumes across the three existing CFCs in Toronto, Montreal, and Calgary, along with manual fulfilment solutions in nearly 100 stores. Ocado and Sobeys have also agreed to end terms related to mutual exclusivity, which means they can seek other partners.
The suit was filed in federal court.
Poland will probably sign a contract with South Korea in September for the delivery of more arms, in particular K2 tanks, Defence Minister Wladyslaw Kosiniak-Kamysz was quoted as saying on Thursday by the state news agency PAP. Poland's previous government signed arms deals with South Korea as part of a drive to build up its military in response to Russia's 2022 invasion of Ukraine, but there were issues with financing the contracts. The new deal will involve mostly the supply of 180 K2 tanks, Kosiniak-Kamysz said.