Tim Steiner news, comment and analysis – Page 16
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NewsChristmas sales soar at Ocado
Ocado enjoyed a cracker of a Christmas, witnessing a growth in orders, basket size and sales, its quarterly trading statement revealed today.
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ProfilesObituary: Dan Yealland, the star investment banker
As a star investment banker, Dan Yealland brokered many of the biggest deals in grocery retail in recent years.
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NewsToken profit for Ocado as Steiner cites Jubilee ‘disruption’
Shares in Ocado slid this morning after the online retailer eked out another modest profit for the past six months.
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Comment & Opinion
Ocado's summer od discontent
Ocado has confirmed its new finance chief, with former Fitness First beancounter-in-chief Duncan Tatton-Brown taking up the position, as widely reported yesterday.
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ProfilesPower List 2012: Alex Gourlay to David Salkeld
31 (31) Alex Gourlay, CEO, BootsBoots under Gourlay is a work in progress. Focusing on higher margin products, trading profit in the health & beauty division rose 6% in 2011/2012. However, it’s the culture that most needs to change, and Gourlay’s been bringing in external talent to turn this round, ...
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NewsExact is interim Ocado CFO
Ocado’s head of finance Richard Exact has taken over day-to-day CFO duties from Andrew Bracey, who left the online grocer last week.
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NewsOcado joins BRC as trade body becomes more e-savvy
Ocado has joined the British Retail Consortium as the trade body steps up its activity in e-commerce.
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NewsOcado milks organic growth for impressive market share
Ocado has gained a 7% share of the organic grocery market, boosted by a tripling in Daylesford sales after the launch of its virtual farm shop on the website in September.
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News
Bracey exit tempers talk of an Ocado bid
The surprise announcement from Ocado this week that finance director Andrew Bracey was leaving has dampened speculation of a takeover bid.
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NewsPoints-based loyalty scheme trialled by Ocado
Ocado has begun trialling a points-based loyalty scheme weeks after launching its savings pass.The new scheme, which is being trialled with about 10% of customers, allows shoppers to earn one loyalty point for every £2 they spend and then cash in 100 points for a £1 voucher. Ocado hopes the ...
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NewsOcado adds Oxford base to distribution network
Ocado has revealed plans to open a new regional depot near Oxford to tackle capacity problems at the online grocer.
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NewsOcado celebrates profits landmark with Carrefour tie-up
Ocado has announced its first-ever interim pre-tax profits. The online grocer turned the £6.7m deficit it suffered for the first half of last year into gains of £200,000 this time around. Sales rose almost 21% to £296.7m for the 24 weeks to 15 May.
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NewsThe Grocer Power 100
Who are the most powerful figures in the grocery industry today? The Grocer team undertook exhaustive research to determine the key players, from the bosses of the biggest retailers and manufacturers to opinion formers, commodity traders, bankers, celebrity chefs and NGOs. After weeks of painstaking deliberations, we present the rankings, ...
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Comment & Opinion
Milestones and millstones
Ocado boss Tim Steiner was today trumpeting a “landmark year” for the online retailer. He’s not wrong. The long-awaited flotation got away despite more prophecies of doom than an Old Testament epic.
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NewsOcado hails workers’ ‘heroism’ as festive sales surge
Ocado delivered "exactly what it said on the tin" at the time of its July flotation in terms of sales for the past year.
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Comment & OpinionLucky dip or double dip
For politicos, pundits and number crunchers, yesterday’s Comprehensive Spending Review was a dream.
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News
Grocery bosses back deep public spending cuts
Executives from Asda, Boots, Ocado, Marks & Spencer and Diageo have urged the government not to water down its plans to tackle the budget deficit.
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NewsOcado sets out plans for £210m Warwickshire depot
Ocado has set out details of its long-awaited second distribution centre.
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NewsOcado share price tumbles on debut
Ocado chief executive Tim Steiner said he would not sell his current shareholding in the company at 275p per share - despite shares falling as low as 163p this morning.