New Ocado FD indicates an IPO September 15, 2009 Online retailer Ocado is today set to announce a seasoned investment banker as its new finance director, suggesting that the group is heading for an initial public offering (IPO) soon. Andrew Bracey will replace Jason Gissing, an ex-Goldman Sachs banker who once said he’d rather shoot himself than be finance director at a listed company.
WHAT THE OTHER PAPERS SAY THIS MORNING September 9, 2009 FINANCIAL TIMES BAXTER BEHIND ON ORDERSBaxter, the US pharmaceuticals company, has failed to meet its pledge to rapidly deliver flu vaccine, stalling efforts to reduce the impact of the pandemic. British officials said they had received less Celvapan vaccine than agreed with Baxter, one of two companies with which the Department of Health signed a [...]
CASH DELIVERY July 26, 2009 Ocado, the online grocer, is close to completing its seventh fundraising for £40m, with the backing of Tetra Pak billionaire Jorn Rausing. The firm , valued by some at around £600m, is still to make a profit, but is planning on a stock market flotation in the next eighteen months to fund an international expansion. [...]
Now it’s my turn to slay the Aussies July 7, 2009 WHO could forget it? It was Sunday 7 August 2005, Australia needed just two runs to win the third Ashes Test at Edgbaston, England needed a solitary wicket. Steve Harmison thunders down to the crease, batsman Michael Kasprowicz gets the faintest of edges and Geraint Jones dives to his left to take the catch. The [...]
Ocado considers London flotation by early 2010 June 17, 2009 ONLINE grocery retailer Ocado is considering an IPO, City A.M. can confirm, in a drastic u-turn by its finance director Jason Gissing. Sources close to the firm said it would use the capital from a London IPO to fund international expansion, after several foreign retailers expressed interest. It is considering floating on the stock exchange [...]