Tim Steiner news, comment and analysis – Page 12
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NewsOcado's first foreign partner kept a secret
On Tuesday, the online grocer announced it had signed a contract with a “regional European retailer”
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Comment & OpinionOcado finally goes international… but the hard work is just beginning
The signing of one European name is undoubtedly a significant step towards achieving Ocado’s vision of being a leading online fulfilment partner
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NewsCity snapshot: Ocado finally signs first international deal
Ocado has signed its first long-awaited international partnership to provide its technology to an unnamed European retailer. Plus Iceland’s annual sales rise 4.4% and EBITDA jumps 6.3%, FRC drops probe into PwC over Tesco profits overstatement and all the rest of the latest news from the City
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NewsCity snapshot: Ocado remains in double-digit growth but points to pricing pressures
Ocado recorded overall sales growth of 13.3% in the first quarter to 26 February 2017, but CEO Tim Steiner warned of a “change in market pricing dynamics” hitting the industry
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NewsOcado management sees pay cut as targets are only just hit
CEO Tim Steiner’s cash remuneration fell from £1.1m to £935,000
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Analysis & FeaturesPower List 2017: 100 leaders, thinkers and agitators shaping the grocery industry
Why Tesco boss is top for first time since 2011. Read on
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NewsOcado shares rise and fall as profits improve
Patient Ocado shareholders received a boost on Tuesday as the online grocer posted better-than-expected full-year profits
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NewsMedia Bites 1 February: Ocado, Greencore, Diageo, Co-op
An unexpected rise in profits at Ocado made headlines this morning but the elusive international partnership also figured prominently in reports.
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NewsCity snapshot: Profits up at Ocado but international expansion remains elusive
Ocado has posted a 21.8% jump in annual pre-tax profits before exceptional items, but has given no update on its long-awaited international expansion efforts. Plus all the rest of this morning’s news from the City
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NewsCity snapshot: Ocado sales growth slows in fourth quarter
Ocado has announced a 13.1% rise in gross retail sales in the fourth quarter, which represents a slowdown on its annual growth of 13.6%
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NewsOcado and Vitality link for 'healthy food' discounts
Vitality members will get free delivery on their Ocado orders if at least 30% of the spend is on healthy food
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InterviewsLawrence Hene of Ocado: the big interview
Ocado’s director of marketing and grocery talks Amazon, on-demand culture, price, profitability, and brand partnerships
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NewsMorrisons impresses the market as Ocado is hammered
Morrisons improved its second quarter like-for-like excluding fuel sales performance to 2% from 0.7% in the first quarter
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NewsCity snapshot: Quorn sales overcome "sluggish" UK market
Quorn grows sales in the face of tough UK market, but sales growth slows year-on-year. Plus, new CFO at Moy Park and Morrisons shares soar on better than expected results.
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NewsCity snapshot: Morrisons plays down Brexit after 2% second quarter sales hike
Morrisons said today it has seen “no negative impact” from Brexit after it announced second quarter like for like ex fuel sales growth of 2%
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NewsApplegreen founders seek £23m payday with share sale
Applegreen’s CEO Bob Etchingham and chief operating officer Joe Barrett are looking for a near £23m windfall from a share sale in the listed petrol forecourt operator.
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NewsMedia Bites 14 September: Ocado, Hilton Food, inflation
Ocado’s pain gets plenty of exposure in this morning’s papers after the online grocer’s share price plunged 14% yesterday.
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NewsCity snapshot: Currency movements help boost trading at Hilton Foods
Meat packing firm Hilton Foods has reported “strong” first half trading despite competitive retail grocery markets and uncertain macroeconomic conditions
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NewsOcado to deliver Morrisons store picking in renegotiated deal
Morrisons has agreed to take 30% of the capacity in Ocado’s new customer fulfilment centre in Erith
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NewsSun shines on retailers in July despite Brexit uncertainty
Food retailers brushed off uncertainty created by the EU referendum result as a July heatwave boosted sales.