Mark Kleinman: Share price slump moves Steiner closer to Ocado checkout Business Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his City AM column Share price slump moves Steiner closer to Ocado checkout Five words might have given it away: “Ocado confirms that the CEO and the board continually engage in long-term succession planning and regularly engage with potential candidates,” said the somewhat [...]
Ocado to replace founder Steiner as shares plunge Retail The board of Ocado is on the hunt for a successor to its founder and chief executive, Tim Steiner, as the e-commerce group faces up to a rapidly falling share price. The FTSE 250 firm, which offers online shopping and warehouse automation services, confirmed on Monday that it is putting together a succession plan for [...]
Ocado shares rocket after striking Asda home deliveries deal Retail Supermarket giant Asda has struck a deal with Ocado for the grocery technology company to take over all home deliveries from next year, as it looks to completely overhaul its online shopping business. Ocado will “quickly replace and upgrade” Asda’s existing e-commerce structure, taking control of the supermarket’s delivery operations form stores and warehouses from [...]
Lidl leapfrogs Morrisons to become UK’s fifth-biggest supermarket May 27, 2026 Lidl has soared past struggling Morrisons to become the UK’s fifth-biggest supermarket, as its heavy discounting gave the grocer an edge in the fiercely competitive market. The German grocer snatched an 8.6 per cent market share, powered by an 8.8 per cent uplift in sales across the last 12 weeks, according to data by Worldpanel. [...]
Who Gives a Crap: The toilet roll tycoon making a splash May 6, 2026 Simon Griffiths founded Who Gives a Crap toilet paper with the philanthropic aim of ensuring everyone has access to a clean toilet. He has raised £11m so far, but Griffiths tells Felix Armstrong that’s not nearly enough “I was always an entrepreneurial kid at school,” Simon Griffiths says, as he explains the complex process of [...]
Why there’s more to Sauvignon Blanc than your ‘standard’ Savvy B April 29, 2026 Sauvignon Blanc remains anchored in the UK’s top three white wines and this fantastically flavoursome grape gets to celebrate its success with International Sauvignon Blanc Day on the first Friday in May. It can be enjoyed in many guises, so which one appeals to you? If you like a wine that makes an entrance and [...]
‘Fibremaxxing’: How food manufacturers made fibre cool again March 12, 2026 “Fibremaxxing,” the UK’s new healthy eating trend, erupted at the start of 2026, as fibre replaced protein as the go-to fashionable food. Previously mundane, bland foods like prunes and seeded bread surged in popularity, with posts with the hashtags “fibremaxxing” having been viewed more than 150m times on TikTok. Sales of prunes increased 60 per [...]
Autonomous vehicle firm Oxa taps BP, Nvidia in $103m funding round March 4, 2026 British autonomous vehicle firm Oxa has raised $103m (£77m) in a fresh funding round after attracting support from the world’s most valuable tech firm, Nvidia. The Oxford-based business, formerly known as Oxbotica, completed the Series D raise with backing from the government’s National Wealth Fund as well as from the venture arm of energy giant [...]
Thousands of Tesco staff to pocket £134m windfall March 3, 2026 Thousands of staff at retail giant Tesco could pocket proceeds from a £134m windfall as part of its employee investor scheme. The supermarket group said more than 22,000 of its staff are eligible for significant payouts from the pot, which is part of its save-as-you-earn investor scheme. The pay boost for frontline workers follows Tesco’s [...]
Sainsbury’s could slash 300 jobs in head office shakeup February 26, 2026 Retail giant Sainsbury’s could axe up to 300 jobs as it overhauls its tech and head office teams across its supermarket and Argos operations. The grocery is restructuring its technology and data unit into one dedicated team for Argos and two for Sainsbury’s. The firm, which employs around 140,000 people, announced it would cut 3,000 [...]