Tim Steiner news, comment and analysis – Page 17
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NewsOcado slashes losses as IPO is confirmed
Ocado has cut its operating losses by almost two-thirds in the past six months, as the online retailer gears up for its long-awaited stock market flotation.
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Ocado share offer to loyal shoppers might backfire, say analysts
Ocado's move to promise loyal customers the first chance to buy shares if it floats on the stock market this summer could end up backfiring on the business, analysts have warned.The online grocer, which despite raising more than £350m...
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NewsOcado touts shares to half a million shoppers
Ocado has written to 500,000 customers offering them the chance to buy shares, as the online grocer gears up for its widely trailed stock market flotation.
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NewsEditor's Comment: Economic uncertainty makes life hard for new recruits in our Power List
If power were just about size, Tesco's Sir Terry Leahy would top our Power List regardless, and the big four would follow in rank order.
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NewsPower List 2010: Power vacuum
The past year has seen an extraordinary shift in the balance of power. With the toughest market conditions since the early 90s, coalition politics, the euro on a precipice and markets in confusion, the new leaders are struggling to fill the void
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Ocado to use flotation funds for new depots
Ocado is planning to plough money generated by floating on the Stock Exchange into at least one new distribution centre, either in the Midlands or the south of England, sources close to the retailer have claimed.
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Ocado founders buy Russian land with view to grow cereal
The three founders of Ocado Jon Faiman, Tim Steiner and Jason Gissing, have bought a chunk of land in Russia and are planning to grow cereals. It emerged this week that Faiman, who held the position of chief operating officer, left the...
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The Online Crusader: Ocado finance chief Jason Gissing
If Ocado finance chief Jason Gissing gets his way the company will one day have 30% of the online grocery market. He explains how to Chloe Smith
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Sainsbury's 'in real trouble' with website offline for days
Sainsbury's website meltdown could lose it thousands of online customers in the next few months, The Grocer has learnt.The retailer claimed that a computer fault crashed its home delivery website, which has been suspended since Tuesday...
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Ocado: Tesco's 'rubbishing' led to record Sunday orders
Ocado claims Tesco's negative advertising campaign over the price-match battle between the two retailers has backfired, as Ocado's sales shot up. "On the day Tesco placed ads rubbishing us, we had our record number of orders on a...
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Ocado says it's put a 'big fat hole' in Tesco web ambition
The chief executive of Ocado has accused Tesco of running scared in an increasingly bitter war of words following Ocado's claims it would price-match Tesco.Tim Steiner told The Grocer the price-match policy appeared to have caused "angst...
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Tesco threatens action over Ocado ads
Tesco is threatening to complain to the Advertising Standards Authority about Ocado's latest advertising campaign.An advert run this week by the online retailer claimed it would match Tesco on 3,500 branded products, but Tesco claims it is...
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When will that Ocado success story be delivered?
A bad press can get you down. So let's hope Ocado chief executive Tim Steiner and his band of bankers-turned-grocers are selective in their reading. Depending on their choice of newspaper, this online food retailer run in partnership with...
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Forget Leahy jibe - we will make it says Ocado's boss
Ocado chief executive Tim Steiner has hit back at Tesco boss Sir Terry Leahy following his jibe about the viability of the loss-making online grocer. Sir Terry, announcing Tesco's interim results on Tuesday, said the Ocado model, where...
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CUP For Outstanding Business Achievement 2006
The Grocer Cup for Outstanding Business Achievement is one of the industry's top accolades. It is given to an individual who has inspired exceptional results and made the biggest contribution to the industry in the past year. And it's a special...
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News
CUP For Outstanding Business Achievement 2006
The Grocer Cup for Outstanding Business Achievement is one of the industry's top accolades. It is given to an individual who has inspired exceptional results and made the biggest contribution to the industry in the past year. And it's a special...
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News
CUP For Outstanding Business Achievement 2006
The Grocer Cup for Outstanding Business Achievement is one of the industry's top accolades. It is given to an individual who has inspired exceptional results and made the biggest contribution to the industry in the past year. And it's a special...
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News
Ocado woos with £20 bribe
Specialist online grocer Ocado is pushing hard to win back lapsed customers.Ocado, which operates in partnership with Waitrose, is offering former customers £20 off their next order if they spend £100 or more.In a letter to shoppers who...