Ocado shares plummet 10 per cent as investors show anxiety towards ‘resilient’ growth February 8, 2022 Ocado’s shares are taking a beating this afternoon, with investors appearing unimpressed by group revenue and international expansion. Despite the online retailer reporting that group revenue was up 7.2 per cent to £2.5bn for the full year, shares plummeted as much as ten per cent this morning. It comes after Ocado, which is a 50:50 [...]
Middle-class favourite Ocado leads FTSE 100 higher February 2, 2022 London markets climbed this morning as middle-class favourite and online supermarket Ocado leads the FTSE 100 higher. The capital’s premier FTSE 100 index added 0.47 per cent to reach 7,571.48 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, gained 0.72 per cent to hit 22,327.31 [...]
Open warfare: Ocado claims Autostore is lying while rival says online grocer’s IP rights are ‘invalid’ January 31, 2022 The war of words between Ocado and its rival Autostore reached new heights today as Ocado accused Autostore of misleading investors over its legal battle with the online grocer in Germany. Autostore issued an update on the Norwegian stock market on Monday claiming that a judge in a Mannheim Court said Ocado’s intellectual property rights [...]
Mode CEO quits following controversial Bitcoin cashback announcement January 20, 2022 The chief executive of UK fintech Mode has resigned two months after the company faced backlash for a controversial announcement.
AA goes against vaccine sceptics, slashing sick pay for unvaccinated staff January 19, 2022 The AA is slashing extra sick pay for unvaccinated staff that needs to self-isolate following a Covid contact. In an email sent to its 7,000 workers, the AA said that unvaccinated workers who don’t have a medical exemption, will not get sick pay if they have to quarantine, the Telegraph first reported. “All staff who [...]
Wayve secures $200m to drive autonomous vehicle tech January 18, 2022 Autonomous vehicle tech firm Wayve has announced a $200m funding injection as it looks to ramp up development of its new AI technology. The King’s Cross-based firm has secured investment from long-term backer Eclipse Ventures, which led the round, with additional backing from firms including D1 Capital Partners and Baillie Gifford and additional support from [...]
It’s not just growth, it’s M&S growth: Supermarket reports ‘encouraging’ festive results January 13, 2022 Luxury supermarket M&S sustained a strong performance through the Christmas period, making it the fastest growing major store-based food retailer in the festive run up.
Fintech PrimaryBid on verge of £110m Softbank backed round January 8, 2022 Fintech company PrimaryBid is close to finalising the details of a $150m (£110m) funding round led by SoftBank's Vision Fund II according to weekend reports.
London markets open flat as travel sector rally loses steam January 5, 2022 London markets posted a mixed performance yesterday as a rally among travel and airline stocks lost some steam. The capital’s premier FTSE 100 index closed 0.16 per cent higher at 7,516.87 points, while the mid-cap FTSE 250 index, which is more aligned to the health of the UK economy, lost 0.53 per cent to finish [...]
On palm oil and deforestation: regulators are failing, but so is the market January 5, 2022 There are products which have become indispensable to our modern way of life, and few more so than palm oil. If its production were to grind to a halt tomorrow, entire supermarket aisles would be left empty. It features in countless everyday products whose availability we take for granted, from chocolate to deodorant. We are [...]