Ocado shares tumble as retail partner Marks poised to hold back funds over poor performance February 26, 2024 Both Ocado and Marks and Spencer joined forces five years ago to create the digital grocery brand, in a £750m tie-up.
Ocado to unveil improved sales after eventful year February 24, 2024 After a colourful year online supermarket and automation business Ocado will later this week unveil its earnings for 2023.
‘Reinventing active management’: Why stock picking as we know it might be outdated February 20, 2024 Looking to “reinvent active management,” Mark Ellis, manager of the Nutshell Growth fund, has pushed back on the traditional way that fundpicking has been done. Following an intricate model that uses over 30 variables, the manager aims to provide a “hedge fund methodology” that retail investors can actually access. Ellis cited his perspective as a [...]
Mastercard and Visa are back in court over interchange fees February 14, 2024 The lawsuits allege that Mastercard and Visa both acted unlawfully by overcharging businesses for accepting credit and debit card payments on corporate and consumer cards.
Marks and Spencer Oxford Street row: Court told Michael Gove ‘misunderstood and misapplied’ planning policy February 13, 2024 The Secretary of State for levelling up “misunderstood and misapplied” planning policy when it rejected Marks and Spencer Oxford Street demolition scheme, a judge heard. Today, the High Court heard a judicial review by Marks and Spencer over the Secretary of State for levelling up , Michael Gove MP, decision to refuse planning permission for [...]
The Notebook: A looming threat to the UK’s vital bee population February 12, 2024 Where the City’s movers and shakers have their say. Today, it’s Nicola Reed, founder and CEO of honey spirits brand Beeble. The threat to our bees Albert Einstein once said, “If the bee disappears from the surface of the earth, man would have four years to live.” These wonderful insects play a crucial part in [...]
Sainsbury’s refuses to rule out job cuts in £1bn ‘food first’ strategy February 7, 2024 Sainsbury’s did not rule out job cuts as part of its strategy update which aims to save £1bn and ramp up the amount of food it sells in its supermarkets. This morning, the UK’s second biggest grocery chain said it would slash the amount of general merchandise and clothing it sells in its shops, describing [...]
Sainsbury’s refocuses on food in new growth strategy with ‘progressive’ dividends and buybacks too February 7, 2024 Currently only 15 per cent of its supermarkets offer the full food range, with the new plan to focus on 180 of these highest potential stores.
Sent packing: Ocado gives two male board members the boot in bid ‘refresh’ top table February 2, 2024 Online grocer and technology firm Ocado has said two of its senior employees will step down from the board with immediate effect as it looks to “refresh” its top table.
Mike Ashley’s Frasers continues expansion with move into former John Lewis site January 29, 2024 Mike Ashley’s Frasers Group will move into the former John Lewis space at Invesco’s £202m shopping centre in Queensborough, as it pushes ahead with expansion plans.