Ocado has secured a significant new agreement to construct a large robotic warehouse for an unnamed European retail chain, providing a much-needed boost to the UK-based technology firm. Shares in the retail technology company surged by as much as 10 per cent on Tuesday following the announcement. The facility will incorporate new Ocado technology, including its robotic picking product and fully automated freezers. Ocado has agreed to build a large robotic warehouse for a European retail chain (Jonathan Brady/PA) (PA Archive)Tim Steiner, chief executive of Ocado Group, said: "I'm delighted that Ocado's world-leading automation and robotics have been chosen to help drive forward the online operations of another leading retailer. It revealed that group revenues jumped by 54 per cent to £1.04 billion for the six months to 31 May, compared with a year earlier.