Exclusive: Homebase among 40+ retailers to offer Bitcoin cash back November 18, 2021 Major UK retailers including Homebase plan to give online shoppers cash back in Bitcoin it has been claimed. Homebase is among more than 40 retailers which will be added to a crypto rewards scheme powered by London-listed fintech Mode, the company announced today. When UK customers make purchases at participating retailers their Mode wallet will [...]
Ocado sees biggest sales jump from pre-pandemic levels November 9, 2021 Ocado has been dubbed one of the big winners from Covid-related changes to shopping. Its sales have grown 35.7 per cent, the strongest increase out of all supermarkets, according to the latest figures from Kantar. The retailer’s market share stayed flat at 1.7 per cent. “Generally, online has done fantastically well in the pandemic, the [...]
Share price special: LSE’s best-performing stocks in the last decade, with jumps of 1,000 per cent+ – CityAM : CityAM October 28, 2021 Ocado, Jet2 and JD Sports are among the big-name companies which have seen their share prices jump over 1,000 per cent in the past 10 years. In total, 41 stocks across the London Stock Exchange’s Main Market and AIM have seen their share prices climb by over 1,000 per cent between September 2011 and September [...]
Ocado Zoom workers call to be made dependent contractors October 26, 2021 Ocado drivers have demanded the grocer bring in couriers in house on restructured contracts. Drivers in Acton, West London said they wanted to be employed as Limb B workers – dependent contractors – as it was a “flexible employment model that works perfectly for the ad hoc, on demand business.” In a letter to board [...]
Awards 2018 October 26, 2021 The ninth City A.M. Awards were held at the Grange Hotel, in the shadow of St Paul’s Cathedral on 8 November 2018. This year 12 individuals and businesses collected gongs from host Julia Hartley-Brewer, in front of a star-studded audience comprising 400 of the City’s best-known figures. All of our winners, as well as our [...]
Categories October 26, 2021 Categories 2022 Interested in sponsoring a category this year? Email our team at awards@cityam.com for more details. Insurance Company of the Year The insurance sector has had an extraordinary year, not just coming out of a pandemic but amid a host of natural disasters. This year we’re looking not just at insurers who are delivering for shareholders [...]
Ocado turns to robots for delivery of groceries to Londoners amid shortage of workers October 26, 2021 Built by UK online supermarket pioneer Ocado, the washing-machine sized bots have caught the eye of international retailers battling a shortage of workers and rising wage demands. Watch the full report.
Long read: Tech firm with big ideas looks set for Shift into higher gear October 18, 2021 PICTURE the scene: a living room full of boxes, two flights of stairs and a hired van parked two streets away. After multiple trips – in both senses of the word – one is inclined to be a bit fed up. It’s the sort of moment that makes you wish somebody invented an easier way [...]
£2bn loss in 15 mins: THG in the dark over what caused share price drop of 35 per cent October 13, 2021 THG said today it still has not figured out what caused the online retailer’s share price to nosedive by 35 per cent during a shareholder meeting yesterday afternoon, wiping £2bn off its value. The firm’s management stressed they had not revealed any new information that might have caused such a major swing in the embattled [...]
Ocado invests £10m into self-driving tech startup Wayve October 6, 2021 Self-driving tech startup Wayve’s total funding raised has hit $60m following an investment from grocer Ocado. Ocado is investing £10m ($13.6m) in a partnership with Wayve that will develop autonomous grocery deliveries. An autonomous delivery trial will involve a number of Ocado delivery vans on busy London routes – with a human driver to oversee [...]