Ocado: CEO pay jumps despite heavy losses and flagging share price March 6, 2025 The chief executive of Ocado has seen his pay jump despite continuing heavy losses at the technology and grocery platform. Tim Steiner took home more than £2.6m for his company’s latest financial year, a rise from the £1.9m he was awarded in the prior 12 months. The increase was mainly driven by a rise in [...]
Brits spent almost £1bn this Valentines Day March 5, 2025 Brits spent almost £1bn on flowers, gifts, and at-home meals this Valentine’s Day as shoppers sought to create a special occasion at home rather than splashing out at a restaurant. According to the latest NIQ Till Tracker, £962m was spent on food and gifting on Valentine’s Day, with the biggest growth in spending on flowers, [...]
Legal trouble brewing between Ocado and M&S: What might this tiff deliver? March 4, 2025 Five years ago, M&S began listing its products on Ocado; however, this relationship has since turned sour. What happened between the pair?
Supermarket sales rise, but Asda continues to struggle March 4, 2025 Sales at UK supermarkets rose above inflation in February as Brits looked for cost-effective ways to treat themselves. Take-home sales at the grocers rose by 3.6 per cent over the four weeks to 23 February, while prices rose 3.3 per cent, according to Kantar. However, the headline figure masked a gulf between the performance of [...]
Ocado: Shares slump as double-digit growth fails to offset losses February 27, 2025 Tech and grocery platform Ocado has reported another year of losses despite a strong performance in its online delivery arm. Its share price fell by more than 13 per cent in early trades. Overall revenue rose by 14.1 per cent to reach £3.1bn in the year ended December 1. Lucy Rumbold, equity research analyst at [...]
Grocery inflation slowed as supermarket discounts deepened February 4, 2025 Grocery inflation in January slowed for the first time in six months after supermarkets lowered prices in response to stretched household budgets. Inflation was 3.3 per cent in January, easing from 3.7 per cent in December, according to the latest figures from Kantar. Prices rose for chocolate, juices and butters, but fell for cooking sauces, [...]
Stuart Rose is wrong: the world has moved on from the shop floor January 21, 2025 Stuart Rose has claimed that remote working is “not proper work”. That may make sense for retail but it’s wide of the mark when it comes to legal and financial services, says John Hayes Stuart Rose, the former head of supermarkets, Asda, Ocado and M&S and one of the most influential retailers of the past [...]
Former Asda and M&S boss Lord Rose: WFH is ‘not doing proper work’ January 20, 2025 The increase in home work has created a generation who are “not doing proper work,” according to the former boss of Asda and Marks & Spencer. Speaking to BBC Panorama, Lord Rose said more working from home was a part of the UK economy’s “general decline” and that productivity was suffering as a result. “We [...]
Ocado shares surge after online grocer reports record-breaking year January 14, 2025 Ocado Retail’s sales boomed in the weeks leading up to Christmas, vastly outperforming the broader market with double-digit revenue and customer growth. In a trading update issued today, the company, a 50:50 joint venture between Ocado and Marks and Spencer, reported revenue growth of 17.5 per cent in the 13 weeks to 1 December. Ocado [...]
The week’s best wine: sod Dry January – why I’m doing ‘Try January’ instead January 14, 2025 City AM’s wine columnist Libby Brodie on the best wine to buy this week, and where she’s been drinking it Last week I touted the Damp Lifestyle and this week I recommend exchanging Dry January for Try January. The beauty of wine is that it offers a kaleidoscope of flavours from all over the world, [...]