Tim Steiner news, comment and analysis – Page 14
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NewsCity snapshot: Ocado sales up again but no mention of international agreement
Ocado’s sales grew by 15% to £381.6m in the 16 weeks to 29 November
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NewsCity snapshot: Conviviality poaches Booker exec to head up Matthew Clark
Bargain Booze owner Conviviality has appointed Booker executive Mark Aylwin to run the Matthew Clark business it acquired earlier this year.
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NewsOcado tops third quarter sales expectations
Ocado beat consensus sales expectations in its third quarter, growing retail sales by 15.3%
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NewsCity snapshot: Sales rise at Ocado
Ocado has yet again reported double-digit revenue growth – ahead of analyst expectations – with group sales up 17.3% in its third quarter
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NewsGrocer Cup 2015 shortlist announced
From the 10 candidates on our 2015 Grocer Cup shortlist who’s your pick?
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NewsOcado's interims prompt 7.5% hike in shares
Investors rallied behind Ocado following the online grocer’s interims on Tuesday, driving the shares up 7.5% to 468p
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NewsMedia Bites 1 July: Ocado, Morrisons, Asda
Efforts by Ocado to shed its upmarket image appear to have helped it attract a wider range of shoppers
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NewsCity Snapshot: Ocado grows sales and profits as more customers shift to online
Revenue and earnings registered double-digit rises at online grocer Ocado in its first half, up 18.2% to £507.7m and 11.4% to £38.2m respectively
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NewsOcado’s shrinking basket size is down to deflation, says Steiner
Ocado CEO Tim Steiner has put the continuing fall in basket size at the online grocer down to food deflation and changes to the way customers order at its pet product and kitchen and dining companies.
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City snapshot: Ocado sales up 19.2% despite fall in basket size
Online grocer Ocado posted a 19.2% rise in group sales for the first quarter despite a fall in average basket size as the retail price war intensified
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NewsWaitrose: We won't price match Tesco if we break GSCOP rules
Waitrose blames below-cost booze pledges and GSCOP rules for failure to match more than a third of Tesco’s new prices…
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NewsCity Snapshot: Bumper Ocado share price hands directors a healthy pay day
Ocado board receives a near £20m pay package in the year of its first profit and Waitrose sales fizz in the run up to Valentine’s Day. Plus all the latest moves in the City.
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NewsOcado executive team share in bumper £19.6m pay package
Ocado executives were awarded a bumper £19.6m pay package last year thanks to the online grocer’s share price gains.
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NewsTim Steiner: Ocado better-placed than Tesco to face deflation
Ocado is in a “much better position” to weather the storm of deflation and gross margin attrition than Tesco…
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NewsMedia Bites 4 February: Ocado, Tesco, Co-op
Ocado’s first annual profit gets significant coverage across the papers this morning.
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Analysis & FeaturesOcado puts champagne on ice as it focuses long-term value
Champagne corks were not popping over at Ocado HQ yesterday despite the online retailer posting its maiden full-year profit after 15 years of trading, according to CEO Tim Steiner. His focus remains on driving long-term value for shareholders.
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NewsOcado reports its first annual profit in 15 years of trading
Online grocer Ocado has, as expected, posted its first annual profit since it started operating 15 years ago as revenue jumped by almost 20% compared with 2013.
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NewsCity snapshot: Tesco closes in on new chairman
Tesco looks to be closing in on a new chairman after its two person shortlist for the role was reportedly cut to one over the weekend.
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Ocado's sales growth slows to 14.9% in fourth quarter
Growth at online supermarket Ocado has slowed in the fourth quarter with gross retail sales up 14.9% to £311.4m, compared with a 15.5% boost during the previous three months.