Tim Steiner news, comment and analysis – Page 6
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NewsCity snapshot: Ocado CFO Duncan Tatton-Brown to step down
Ocado CFO Duncan Tatton-Brown will step down from his role in November after eight years in the job. Plus, The Hut Group announces £4.5bn IPO, Delivery Hero makes $270m acquisition and all the rest of the latest news from the City.
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Analysis & FeaturesShould the discounters be taking advantage of the online grocery boom?
Online grocery has boomed during the pandemic, but discounters still have little online presence – could this be a huge missed opportunity?
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Analysis & FeaturesCan Ocado go mainstream?
Ocado’s sales have soared in lockdown. Can it use this momentum and its tieup with Marks & Spencer to crack mainstream grocery in the UK?
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NewsMedia Bites 5 Aug: Brexit/Northern Ireland, Pizza Express, Deliveroo/Amazon
Extra paperwork required by Brexit will raise UK supermarkets’ cost of operating in Northern Ireland so much that some may pull out, a trade group warned.
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Comment & OpinionAmazon’s Prime grocery delivery will put the squeeze on online grocers
Grocers already struggling to make online profitable won’t be helped by Amazon’s free Prime offer
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NewsCity snapshot: Healthy snacking brand Boundless nets £1m funding boost
The funding came from angel investors and high net-worth individuals to boost its expansion into Europe and the Middle East.
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NewsMedia Bites 15 July: Ocado, Oatly, Loop/Tesco
The boss of Ocado has declared that shoppers “won’t be going back” after the crisis spurred a rapid shift to online shopping and pushed its half-year sales above £1 billion for the first time.
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Comment & OpinionCompulsory masks are a burden on retailers – and it may push more shoppers online
Will retailers have to refuse service to those not wearing masks? And will those shoppers give up and go online?
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NewsCity snapshot: Ocado first half retail sales top £1bn but pre-exceptional losses mount
Ocado has posted first half retail sales growth of 27.2% amid “unprecedented and sustained demand”, but its pre-exceptional losses rose by 64% to almost £80m amid mounting costs. Plus, Fever-Tree buys German distributor and updates on sales, McBride guides to better second half than expected and all the rest of the latest news from the City.
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Comment & OpinionHow bold technology can help retailers succeed in home delivery
Companies should invest in the final and most important stage of the transaction – receiving the goods, says Ed Hodges, CEO of HelloDone
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NewsMedia Bites 13 July: Asda, Tesco, ABF
The UK’s highest court will today begin hearing one of the country’s biggest ever equal pay cases over a claim brought by more than 43,000 supermarket workers against US-owned Asda
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Analysis & FeaturesIs Ocado right to bet big on the online grocery shopping boom?
There is no doubt the pandemic has sent digital grocery sales surging. But is Ocado right in assuming this shift will be permanent?
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Analysis & FeaturesOcado’s £1bn fundraise announcement: What the analysts say
Here’s what the experts have had to say about Ocado’s fundraising plans
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NewsOcado launches £1bn funding drive to capitalise on online shopping boom
Ocado is seeking to raise more than £1bn to capitalise on the boom in online grocery shopping brought about by coronavirus.
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Analysis & FeaturesThe Power List 2020: online shopping
Demand for online grocery shopping has soared under lockdown. Our power list looks at who’s managed growth best, and the challenges they now face, from retention to profitability
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Comment & OpinionThe questions online grocery’s power players need to be asking and answering
If the current situation is ‘the largest ever global online grocery trial’, it’s a highly favourable offer – even better than free champagne
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NewsOcado shares surge despite capacity constraints
Ocado may have had to turn away willing customers and shut down its website as it struggled to cope with a wave of demand during the coronavirus crisis, but its share price still hit new record highs this week.
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NewsMedia Bites 7 May: Ocado, Business rates, Beyond Meat
Shareholders gave Ocado a “bloody nose” in a revolt against boardroom excess after chief executive Tim Steiner landed a £59m payday.
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NewsMedia Bites 6 May: Ocado, Boots, Thai Union
Ocado shareholders urged to vote against executives pay, WBA in talks with Amerisource Bergen to sell wholesale division, tuna sales spike boosts John West maker Thai Union