Tim Steiner news, comment and analysis – Page 9
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NewsOcado secures partnership with Australia's Coles
Ocado shares rose 4% in early trading after it secured its fifth international partnership, with Australian retail giant Coles, Fever-tree saw sales jump 40% to £237m, and the rest of the news from the City
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NewsOcado confirms plan to rebuild Andover warehouse at same site
‘We will be looking to rebuild in Andover,’ said chief financial officer Duncan Tatton-Brown…
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NewsOcado sales growth dented by Andover warehouse fire
Sales jumped 11.2% at Ocado in the past 13 weeks, but its performance was dented by the fire at its Andover warehouse last month
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NewsMedia Bites 18 March: Brexit, Marks & Spencer, Ocado
Supermarkets are preparing to introduce rationing for online shoppers to prevent panic buying in the event of a no-deal Brexit
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Comment & OpinionM&S deal with Ocado is toppy but can deliver value in the long run
If the upside is obvious for Ocado, the market has struggled to comprehend the rationale for M&S
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NewsOcado Zoom rapid delivery service goes live in London
As of this week, orders can be placed on a new website, ocadozoom.com
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Analysis & FeaturesM&S and Ocado forge a transformational deal - at what cost?
With M&S paying £750m for the privilege, will this be the push it needs to become a ‘digital-first’ retailer?
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NewsMedia Bites 28 Feb: Ocado/M&S, Premier Foods, Patisserie Valerie
The boss of Marks & Spencer has defended the decision to spend £750 million on a food delivery tie-up with Ocado
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Comment & OpinionOcado/M&S deal will be a real test of customer loyalty
Ocado could lose not just Waitrose sales, but all the shoppers who come because those products are there
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NewsOcado deal was only way for M&S to move online, says Rowe
A deal announced between the two companies will see M&S take 50% of Ocado’s UK retail business under a new joint venture
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NewsMedia Bites 27 Feb: Ocado/M&S, Hotel Chocolat, Brexit
Ahead of this morning’s confirmation of the £1.5bn tie-up between Ocado and M&S, long-awaited confirmation the pair were in talks is heavily covered in today’s papers.
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NewsCity snapshot: Ocado and M&S agree £1.5bn joint venture
Ocado and Marks & Spencer have agreed to create a 50/50 joint venture that will “transform online grocery shopping in the UK”.
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NewsOcado confirms it's in talks with M&S over UK joint venture
A deal between the two retailers could be announced as soon as tomorrow
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NewsMedia Bites 11 Feb: Iceland, Patisserie Valerie, Ocado
Frozen food chain Iceland is considering bidding for any stores Sainsbury’s and Asda are required to sell in order to obtain regulatory clearance for their merger.
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NewsOcado shares burnt by Andover blaze
Ocado boss Tim Steiner hailed the company’s “18-year overnight success” on Tuesday, but it was another overnight event that rocked the market this week.
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Comment & OpinionOcado and M&S: there's no smoke without fire
The fire is a serious blow to Ocado in the short term, with 10% of its UK capacity taken out
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NewsMedia Bites 6 Feb: Ocado, Unilever, Grocery market share
A fire at one of its high-tech warehouses yesterday dealt a blow to Ocado, on the same day that it reported a rise in annual losses and announced a new one-hour delivery service.
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NewsOcado announces Zoom one-hour rapid delivery
Some 10,000 products will be available in the West London trial
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NewsOcado annual losses rise to £44m as expansion hits bottom line
Ocado grew its annual revenues by 12.3% in 2018, but its pre-tax losses jumped from £9.8m to £44.4m.
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NewsMedia Bites 4 Feb: Brexit stockpiling, Patisserie Valerie, Ocado
British factories stockpiled goods in January at the fastest rate in 30 years, as they count down towards a potentially chaotic Brexit