Ocado dodges rebellion as shareholders back pay boost for bosses May 4, 2022 Grocery tech giant Ocado has seen off an investor rebellion over its bosses’ pay packet despite two of the world’s biggest shareholders urging investors to vote against the plans.
Delphis Eco – cleaning up but no greenwashing May 4, 2022 For the founder and CEO of Delphis Eco, which supplies UK made, green and sustainable cleaning products, eliminating ‘greenwashing’ is key in not only to saving the planet but helping people to genuinely make a difference. This London-based company, established in 2007 by former banker Mark Jankovich and has been awarded the Queen’s Award for [...]
Plus500 hit by revolt on pay as shareholders ramp up pressure in AGM season May 4, 2022 London-listed fintech giant Plus500 was struck a blow by investors yesterday as shareholders voted down the firm’s remuneration report at its annual general meeting.
Shareholder rebellion to hit Ocado scheme over concerns of £100m windfall for boss May 2, 2022 Ocado investors are reportedly planning to turn their nose up at an extension of a share reward scheme which would see the retailer’s boss handed £100m. Two advisory groups, the Institutional Shareholder Service and Glass Lewis, have recommended investors to reject the proposal to lengthen the so-called “valuation creation plan” at its annual general meeting [...]
Brexit-supporting Newark in shock as largest employer shuts up shop and heads for mainland Europe April 21, 2022 Local media and residents in the English town of Newark, as well as its local MP Robert Jenrick, are said to be shocked and disappointed by the decision of food producer Goodlife Foods to shut up shop and move its entire production to mainland Europe. The decision is likely to result in around 110 job [...]
Ocado pays out £20k following fire safety resignation April 17, 2022 Ocado is set to fork out £20,000 in damages after a former employee raised alarms about warehouse fire safety issues. The company is facing allegations that the worker was forced out of his job after he said the cardboard materials and pallets blocked fire exits. The Telegraph reported that court documents said a “witch hunt” [...]
Grocers see more than £1bn wiped off value after Tesco profit warning April 14, 2022 Supermarkets had a total of more than £1bn chipped off their market value on Wednesday, after a warning over inflationary pressures from Tesco. Grocers including Ocado and Sainsbury’s suffered poor performances on Wednesday, after Tesco warned that profit could be hammered by rising costs and shifts in shoppers’ behaviour. Ocado took a hit on the [...]
Supermarkets drag down London indexes on spending jitters April 13, 2022 London’s top indexes were muted today as investors ditched shares in supermarkets despite Tesco posting bumper profits. The capital’s premier FTSE 100 index edged 0.05 per cent higher to 7,580.80 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dipped 0.12 per cent to 20,984.45 [...]
Spending cool down weighs on London-listed supermarkets April 12, 2022 Early signs of consumers pulling back on spending drove supermarkets lower today in the City, dragging down London’s top indexes. The capital’s premier FTSE 100 index dropped 0.55 per cent to 7,576.66 points, while the domestically-focused mid-cap FTSE 250, which is more aligned to the health of the UK economy, fell by the same amount [...]
Waitrose left with £4m hole in pocket after brief deal with online partner April 12, 2022 Supermarket Waitrose is owed some £4m after a four-month partnership with an insolvent venture launched by an Ocado founder. According to a report in The Times newspaper, Waitrose is the second-largest trade creditor of online grocery business Today Development Partners, which collapsed last month. This was laid out in a progress report by administrators at [...]