CITY MOVES | WHO’S SWITCHING JOBS September 29, 2010 Tullett Prebon The inter-dealer broker has re-hired Tory MP Michael Fallon as a non-executive director, just a few months after he resigned to pursue an unsuccessful campaign for the Treasury Select Committee chairmanship. Fallon, who lost out to Andrew Tyrie, rejoins Tullett a week after he replaced Lord Ashcroft as deputy chair of the Conservative [...]
Waitrose sales jump by 15 per cent February 5, 2010 WAITROSE sales jumped by 15 per cent in the second half of last year. The figures mean Waitrose is fastest growing supermarket chain in Britain and come as Ocado – the online grocer that delivers Waitrose products – set a new record for the number of deliveries in a single day, of 17,500. New M&S [...]
Ocado sales surge but investors wary September 7, 2010 ONLINE retailer Ocado yesterday said its sales had surged by almost 30 per cent – but investors remained unconvinced and the announcement was greeted with a dip in its share price. The company, which recently completed a controversial flotation, hasn’t made an annual operating profit since it launched ten years ago, but hopes to go [...]
Ocado sales surge but investors wary September 7, 2010 ONLINE retailer Ocado yesterday said its sales had surged by almost 30 per cent – but investors remained unconvinced and the announcement was greeted with a dip in its share price. The company, which recently completed a controversial flotation, hasn’t made an annual operating profit since it launched ten years ago, but hopes to go [...]
Bullish Ocado defies calls to cut IPO?price July 13, 2010 ONLINE grocer Ocado dismissed more calls to cut the price of its planned flotation yesterday, saying analysts had misunderstood the fundamentals of the business. Several analysts claimed yesterday the Waitrose grocery distributor is worth much less than its intended £1bn valuation, and urged the firm to lower its sights. Shore Capital analyst Clive Black said [...]
Bullish Ocado defies calls to cut IPO?price July 13, 2010 ONLINE grocer Ocado dismissed more calls to cut the price of its planned flotation yesterday, saying analysts had misunderstood the fundamentals of the business. Several analysts claimed yesterday the Waitrose grocery distributor is worth much less than its intended £1bn valuation, and urged the firm to lower its sights. Shore Capital analyst Clive Black said [...]
Ocado sets £1.2bn valuation for listing July 6, 2010 ONLINE grocer Ocado is aiming for a valuation of over £1bn in its planned initial public offering (IPO), despite turbulent markets and scepticism among some analysts and investors. The firm, which announced plans last month to raise £200m in a stock market listing, said on it would price its shares at between 200 pence and [...]
CITY VIEWS: WOULD YOU INVEST IN OCADO? July 5, 2010 JOHN BUTTERWORTH | INSURANCE CONSULTANT “I don’t think there is a problem with the firm floating. The long-term Waitrose deal is a definite plus point. It’s something different for investors: rewards come from taking a punt.” EMMA ATKINS | KENNEDY LAW “Online shopping is so convenient and the timing could be right for them. I [...]
CITY VIEWS: WOULD YOU INVEST IN OCADO? July 5, 2010 JOHN BUTTERWORTH | INSURANCE CONSULTANT “I don’t think there is a problem with the firm floating. The long-term Waitrose deal is a definite plus point. It’s something different for investors: rewards come from taking a punt.” EMMA ATKINS | KENNEDY LAW “Online shopping is so convenient and the timing could be right for them. I [...]
Fast & furious September 28, 2010 IT’S ALWAYS a little strange when you get the impression you’re driving a Ferrari when you’re really hitting 40mph in a small hatchback. Powering along the north Kent coast in the Fabia vRS, towards a particularly excellent gastro pub, the car shrieked and howled so loudly you’d think there was a V12 under the bonnet. [...]