Tim Steiner news, comment and analysis – Page 5
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NewsCity snapshot: Sainsbury’s upgrades earnings on strong Q1 sales
Sainsbury’s has raised its full year profits expectations after posting growth in its first quarter despite ’exceptionally tough comparatives’.
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Analysis & FeaturesIs online or in-store food shopping better for the planet?
Amazon says online wins the battle. But factors including refrigeration, packaging and journey type all add complexity to the food delivery model
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Comment & OpinionWhy apps need to become core to the grocery shopping experience
For too long apps have been treated as just an additional transactional platform, says Harry Walker, industry head of grocery retail at Google
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NewsMedia Bites 4 May: Ocado, Starbucks, Asahi
Ocado faces a shareholder backlash over “excessive” pay, including boss Tim Steiner’s near-£7m windfall.
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NewsMedia Bites 19 March: Ocado, Asda, Fever-Tree
The boss of Ocado has shrugged off the threat of new faster delivery rivals and claimed that Amazon has a ‘negligible impact’ on the British grocery market
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NewsCity Snapshot: Ocado first quarter sales surge 40% amid ‘permanent shift’ to online grocery
Ocado has seen a 40% surge in sales over Christmas and the New Year amid a “permanent shift” from physical to online grocery shopping. Plus, FeverTree margins tighten as off-trade shift limits annual sales drop to 3% and all the rest of the latest news from the City.
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NewsMedia Bites 10 Feb: Ocado, Tesco, Brewing and pubs
Ocado sharp rise in sales and profits is put in context, with the papers noting the online retailer has still never made an annual profit
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NewsOcado loss falls to £44m after bumper retail growth
The online grocer has cut its annual loss by almost 80% amid booming sales during the pandemic, but warned growing costs will continue to constrain profitability
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Analysis & FeaturesWhat Stuart Rose brings to EG Group
Analysts have welcomed the appointment of the former Ocado chairman and CEO of M&S
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NewsCity snapshot: Ocado completes $262m Kindred Systems robotics acquisition
Ocado has announced it has completed the deal for US piece picking robotics company Kindred Systems.
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NewsCity snapshot: Ocado hikes profits forecast on retail sales surge
Ocado has hiked its full year profits forecast as its UK retail sales continue to boom as grocery shoppers stay at home. Founders and Blackstone bid for Applegreen. Plus, trading updates from McColl’s, Marston’s and DS Smith and all the rest of the latest news from the City.
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NewsThe winners of The Grocer Gold Awards 2020
We celebrate the value of the industry’s achievements new and old, and the extraordinary role it has played in response to the pandemic
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NewsOcado CEO Tim Steiner wins Grocer Cup sealing stellar year for online
Ocado CEO Tim Steiner has won The Grocer Cup
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NewsOcado’s robotic acquisitions will save £7m in labour costs per CFC
Figure based on costs associated with picking, packing and decanting
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NewsCity snapshot: Primark owner ABF braces for huge sales impact of new English lockdown
Associated British Foods has warned a new national lockdown in England, along with renewed restrictions across Europe, would lead to a loss of almost £400m in sales at closed Primark stores. The CEO of the British Retail Consortium called the Prime Minister’s plans “the nightmare before Christmas” for retailers. Plus, Ocado upgrades profits outlook on more strong trading and announces proposed acquisitions of two US robotics firms for almost $300m.
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NewsOcado Islington depot plan suffers setback as council revokes development certificate
An Ocado spokeswoman said the company was disappointed by the decision
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Analysis & FeaturesA greener future for food delivery?
An underground network of ‘delivery pipes’ might sound far-fetched, but it’s one of several bids to make food delivery a more sustainable proposition
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NewsBrands furious as Ocado asks for ‘offensive’ terms reduction
It comes after CEO Melanie Smith told suppliers at an Ocado Retail conference in July she was “shocked” at how low Ocado’s profit margins were
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NewsMedia Bites 1 Sep: Ocado/M&S/Waitrose, Forthglade, Nestlé
The first deliveries of Marks & Spencer’s groceries will reach customers on Tuesday as its online shopping venture with Ocado begins
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NewsOcado CFO Duncan Tatton-Brown retires, Rolls-Royce CFO named as replacement
Tatton-Brown, who joined Ocado in 2012 from Fitness First, will be continuing as non-executive director at three Ocado subsidiaries