Tim Steiner news, comment and analysis – Page 15
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NewsOcado sales climb 15% despite fall in basket size
Ocado hailed “steady growth” this morning as it reported a 15.5% rise in gross retail sales in its third quarter.
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Analysis & FeaturesRich List: The Grocer 100
The Grocer’s first-ever Rich List represents the whole gamut of food and drink wealth creation…
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Comment & OpinionInternational partnerships could hold the key for Ocado
Ocado shares fall on a slowdown in sales growth, but new CFC could be a game-changer
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NewsOcado boss Tim Steiner gets £1m pay package
Ocado has handed CEO Tim Steiner a pay package of more than £1m for the first time.
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Comment & OpinionJason Gissing's achievements are not to be sniffed at
Jason Gissing may not win as many plaudits as Justin King, but his achievements are not to be sniffed at…
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NewsOutgoing Gissing sells £15m worth of Ocado shares
Ocado co-founder Jason Gissing sold a £15m stake in the online grocer on the day he announced his decision to leave the company.
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Comment & OpinionOcado: Jam tomorrow
So after 14 years and a lot of ups and downs, Ocado still hasn’t turned a profit. But dig deeper and there are plenty of reasons to be optimistic…
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NewsOcado co-founder Gissing retires as turnover grows 15.2%
Ocado co-founder and commercial director Jason Gissing has announced his retirement, as the online grocer reported another full-year pre-tax loss.
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Analysis & FeaturesAre dark stores the future for Tesco? Not necessarily
No Amazon-style blisters but don’t write off traditional stores yet…
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Analysis & FeaturesClick & collect: what's next?
Click & collect is evolving. But just how big will it get? Is it the future or just a drop in the (supply chain) ocean?…
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NewsOcado sales jump 16.4% as basket size grows
Ocado has reported a 16.4% increase in third-quarter sales year-on-year to £189.2m.
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Analysis & FeaturesWhy do short sellers like grocery?
Ocado, Sainsbury’s and Morrisons have all been heavily targeted by short selling hedge funds. Does this point to fundament…
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Comment & OpinionOcado is going places
Amazon often crops up in conversations about Ocado – with recurring speculation that the web behemoth will buy the online grocer. There is also the question of profits…
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Comment & OpinionA good day for lawyers
It emerged this weekend that Waitrose has retained the services of a QC to comb through the details…
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NewsMorrisons to go online by January after agreeing 25-year Ocado distribution deal
Morrisons has agreed to pay Ocado £170m upfront as part of a 25-year agreement to help the supermarket launch an online grocery business by January.
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NewsDavid Cameron opens Ocado's Warwickshire distribution centre
David Cameron dropped by Ocado’s new distribution centre in Dordon, Warwickshire
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Comment & Opinion
Still in the red
After years of heavy losses, Ocado is tantalisingly close to making a profit…
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NewsTakeover talk rife as Sir Stuart joins Ocado
Former M&S CEO Sir Stuart Rose resurfaced as chairman of Ocado this week…
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NewsSir Stuart Rose appointed Ocado chairman
Former Marks & Spencer CEO Sir Stuart Rose has been appointed chairman of Ocado, replacing Lord Grade, who is retiring.