What the Morrisons-Amazon tie up is doing to Tesco, Ocado and Sainsbury’s share prices February 29, 2016 Morrisons might be having a whale of a day after revealing its tie-up with Amazon this morning – but virtually the rest of the retail sector has spent the day so far in the red. Morrisons' share price soared on the news that it would be offering hundreds of products to Amazon's UK customers via [...]
Morrisons’ share price climbs as supermarket and Amazon reveal Pantry and Prime Now tie up – but Ocado’s share price is plummeting February 29, 2016 Morrisons' share price soared 5.4 per cent this morning, after revealing it had secured a major new agreement with Amazon, to sell "hundreds of products" via Prime Now and Pantry. The new tie-up, which will go live "in the coming months", will see Morrisons provide a wholesale supply service to Amazon, offering delivery of its ambient, fresh and frozen products. [...]
EU referendum: Asda, HSBC, Vodafone and nearly 200 sign letter saying Brexit would threaten jobs – but Tesco, Morrisons and Sainsbury’s are not on the list February 23, 2016 The bosses of HSBC, BT, Vodafone and Asda are among those to have put their name to an open letter backing the remain camp and Prime Minister David Cameron's reforms in Europe. More than a third of the UK's biggest companies were represented in the letter, which was published in The Times this morning, saying they represented [...]
Here’s why mums go to Iceland: Supermarket beats Tesco, Asda and Morrisons to be named the best online retailer in consumer survey, and boss Malcolm Walker is clearly pleased February 15, 2016 Iceland, favourite of mothers across the nation and anybody else looking for decently priced party snacks they can stock in their freezer, has been voted the UK's best online supermarket. The league table released today by Which? gives Iceland an impressive overall customer satisfaction score of 77 per cent, ranking it above Waitrose, Ocado and [...]
How Argos will help Sainsbury’s rival Amazon after Home Retail Group deal February 2, 2016 Sainsbury’s purchase of Home Retail Group has been everywhere, but only half the story is being told. Arguably the most important half of the picture is what’s being missed. The real impact will not be solely in-store, but the online, logistical and fulfilment capabilities it unlocks for Sainsbury’s. It could well be what drags the [...]
Ocado share price jumps as it makes its second-ever profit – and says it is “confident” of signing a big deal February 2, 2016 Ocado has reported its second-ever pre-tax profit, which jumped 65 per cent in the year to the end of November. And the company was dropped a couple of hints which could relate to those rumours of a tie-up with a certain giant ecommerce site… The figures In a statement today, Ocado said gross retail sales rose to £1.1bn in 2015, up 14.7 per [...]
Dixons Carphone deputy chief executive Andrew Harrison to join Ocado board January 28, 2016 Dixons Carphone deputy chief executive Andrew Harrison is joining the board of Ocado, bolstering the business' retail skills further. Harrison will join as an independent non-executive director on 1 March. His appointment comes at an interesting time for the business, which is rumoured to be in talks about a tie-up with Amazon – rather than go [...]
Ocado share price jumps on Amazon tie-up rumours January 19, 2016 Ocado shares jumped more than 18 per cent in early trading following reports of a tie-up with potential rival Amazon. The online grocery delivery company faces new competition from Amazon, which is expected to soon launch its own fully-fledged delivery service for fresh food. Amazon may now partner with the already well-established Ocado to fulfil those plans, according to the [...]
A bad start to the year for Sainsbury’s, Anglo American, Aberdeen Asset Management and Burberry, who top the list of most shorted shares of 2016 January 5, 2016 Sainsbury's yesterday revealed it had made an approach to takeover Home Retail Group, the owner of Argos and Homebase, in a bid to reverse its faltering fortunes. The report came as the extent of the Big Four supermarket’s woes were laid bare by new data revealing that its shares were the most shorted on the [...]
Tesco, Morrisons, Aldi, Lidl, Asda and Sainsbury’s: What to expect from the supermarket sector’s Christmas results January 5, 2016 Supermarkets were going for broke this Christmas, after a poor year of trading for the likes of Tesco, Morrisons and Asda, with Sainsbury's the only one of the Big Four in growth in the run-up to the festive period. But with challengers Lidl and Aldi stealing market share from the price conscious, while Marks & Spencer and [...]