The British firm, which provides robotic warehouse tech to retailers, is raising the money through an accelerated share placing. It will include a tranche for retail investors. (Bloomberg)

Talking point: Ocado also agreed to a roughly $477-million credit facility. The money will give Ocado, whose shares have lost about half their value so far this year, enough liquidity to cover commitments to its clients and grow. Ocado partnered with Sobeys in early 2018 to help the grocer grow its e-commerce business by building four automated fulfillment centres. Those plans were accelerated as the pandemic fuelled demand for e-commerce services. Its warehouse in Vaughan, Ont., started operations in June 2020. Empire, the parent company of Sobeys, will report its full-year earnings Wednesday.