Tim Steiner news, comment and analysis – Page 11
-
NewsCity snapshot: Ocado signs US supply agreement with Kroger
Ocado shares have surged by almost 40% this morning after announcing it has signed a supply partnership with US grocery giant Kroger. Plus, Fever-Tree sees positive UK progress at the start of its financial year and appoints a new non-exec director, Mothercare announces restructuring plan and all the rest of the latest news from the City.
-
NewsCity snapshot: Ocado growth hit by Beast from the East
Winter storms that caused widespread disruption during the final week of Ocado Group’s (OCDO) first quarter, reduced Ocado’s sales growth by almost one percentage point back to 11.7%. Plus, Imperial Brands disposes of US tobacco products and all the rest of the latest news from the City.
-
Comment & OpinionIt's not just BBC being swept up in gender pay gap maelstrom
Business won’t be able to ride this new heightened focus on how we treat, talk about, listen to and pay women by shoving its head in the sand
-
Comment & OpinionSpotlight on food & drink in week of gender missteps
“Business issues are never just business issues.” This was the prophetic observation of PepsiCo CEO Indra Nooyi before she was plunged into PR hell this week
-
NewsCity snapshot: Ocado slips back into the red as cost of technology weighs on earnings
Ocado has reported a £0.5m 52-week loss despite double digit revenue growth as the cost of funding expansion and new technology hit the bottom line. Inflation drives strong grocery sales according to latest market share figures and global market slump hammers UK shares.
-
NewsMedia Bites 5 Feb: Sainsbury's/EuroGarages, Steinhoff, Keurig/Dr Pepper
Sainsbury’s is severing its ties with petrol station operator EuroGarages, culling a trial of stores on forecourts, according to The Sunday Telegraph.
-
NewsMedia Bites 29 Jan: BHS, Steinhoff/Poundland, Ocado
Unsecured creditors of BHS, the retailer once owned by Sir Philip Green, lodged claims worth almost £1bn in the aftermath of its collapse, according to a report compiled by the chain’s liquidators.
-
NewsCity snapshot: Ocado’s retail sales growth slows to 11.6% in fourth quarter
Ocado has posted a slowdown in fourth quarter retail sales growth to 11.6% amid capacity constraints owing to a shortage of drivers. PZ Cussons announced a rise in first half profits, but a 10% drop in earnings and all the rest of the latest news from the City
-
NewsCity snapshot: Ocado signs international partnership with French hypermarket chain Casino
Ocado has signed an agreement with Group Casino to develop a delivery service in France. Plus soaring UK food to go sales boost annual revenues at Greencore, Unilever says plans are on track to deliver underlying sales growth of 3-5%, Cranswick sees strong first half volume growth and all the rest of the latest news from the City.
-
NewsOcado sees solid growth but reveals Andover investment needed
Ocado proved once again to be one of the most divisive of all grocery stocks
-
NewsCity snapshot: Ocado boosts sales in Q3 but order size shrinks
Ocado has recorded double-digit increases in revenues in its third quarter but the size of the average customer order continued to shrink. Plus, Kantar and Nielsen reveal that the supermarkets recorded another month of growth; PureCircle full-year profits tumble; Reckitt Benckiser appoints a new chairman; and Eagle Eye shortens annual losses as revenues soar
-
NewsOcado appoints David Shriver to head communications team
Shriver will “deepen and widen” Ocado’s relationship with its investors and with the capital markets
-
NewsOne-hour delivery best for Sainsbury's, Ocado & Waitrose
Their shoppers are most likely to switch if they can get a more convenient service elsewhere
-
NewsMedia Bites 6 July: Ocado, Booker, Tesco Clubcard
Ocado’s latest results are picked up by the papers this morning, alongside the first-quarter update from Booker.
-
NewsCity snapshot: Reckitt warns sales to fall after cyber attack disrupted orders
Dettol and Durex maker Reckitt Benckiser warned its sales have been hit by the global cyber attack that struck companies across the world last month. Plus, a better-than-expected Q3 for ABF; a new CEO at Just Eat; an quarterely update from cider maker C&C; forecourt Applegreen makes its first big move in the US; and Eagle Eye renews Asda contract.
-
NewsOcado: Amazon-Whole Foods deal to 'drive partnership demand'
CEO Tim Steiner insists the bricks-and-mortar tie-up will drive other retailers to develop an online presence
-
NewsOcado half-year results: what the analysts say
The expert take on the rise in sales versus downturn in profits
-
NewsCity snapshot: Ocado profits tumble as it continues to invest in growth
First-half sales at Ocado rose 12.5% to £713.8m but profits at the online grocer fell almost 20%, basket sizes continued to decline and the debt pile ballooned. Plus, Booker updates on its first quarter ahead of AGM, and grocery inflation continues to rise, according to the BRC-Nielsen shop prices index.
-
NewsOcado's robot-powered warehouse: analyst reaction
The retailer opened the doors to its high-tech Andover site to analysts last week. So what did they make of their visit?
-
NewsCity News: Ocado international deal fails to excite analysts
It all started so well. Ocado shares leapt above 338p to a year high on Monday morning