Ocado’s yo-yoing stock swings up again: Will critics ‘put away knives they’ve been sharpening’? July 16, 2024 A strong set of results this morning sent Ocado’s stock up 18 per cent, a day after a downgrade from leading broker Bernstein sent it down 10 per cent yesterday. In its interim results for the 26 weeks to 2 June 2024, the company reported revenue of £1.5bn, up by 12.6 per cent year on [...]
Ocado: Shares in M&S-linked grocer tumble after being labeled ‘underperforming’ July 15, 2024 Shares in M&S-linked grocer Ocado have tumbled after being branded as 'underperforming' only a few weeks after being demoted from the FTSE 100.
Amazon faces potential investigation as Prime Day nears July 11, 2024 A watchdog has warned that it would "not hesitate" to launch a formal investigation into Amazon if concerns were raised that the US giant was not treating its suppliers fairly and lawfully.
Sainsbury’s shares slip as investors spooked by latest update July 2, 2024 Sainsbury's food sales have continued to grow with the supermarket gaining a boost from its one hour grocery delivery service and its Aldi price match scheme.
‘This is nonsense’: M&S hits back at shareholder group over digital AGM concerns July 2, 2024 Marks & Spencer has hit back at a top shareholder group today after it claimed the company was restricting the voice of investors by holding a “digital first” annual meeting for a second year running.
UK high street faces shareholder backlash over low pay July 2, 2024 UK high street shops like Sainsbury’s, Marks & Spencer and JD Sports are facing a shareholder backlash after failing to commit to pay all their staff and third-party contractors a real living wage. Big financial names backing a campaign against low pay include LGIM, HSBC Asset Management, Aviva, and Scottish Widows. In total, the institutions [...]
Fishy business: Salmon farmers accused of inflating prices in new £382m class action June 24, 2024 Six of the world’s top salmon producers have been hit legal action in the UK over alleged collusion and unlawful price-fixing of its Atlantic farmed product
I’m the only openly gay CEO in UK banking. LGBT people still face so many barriers June 24, 2024 The City can put on a good show for Pride, but its C-suite record shows LGBT representation still has a long way to go, writes Anthony Watson.
Sainsbury’s Bank sale marks end of an era for supermarkets June 20, 2024 Sainsbury's has agreed to sell most of its banking arm to Natwest, in a deal that will see the supermarket pay the lender £125m.
Bless and Gain look Besht bets in the Hunt Cup June 18, 2024 CASH-SPLASHING owners Wathnan Racing look to hold a strong hand in today’s ultimate cavalry charge, the Royal Hunt Cup (5.05pm). Eight of the last 10 renewals have been won by progressive four-year-olds, so the Qatari powerhouse’s upcoming aces look cut out for this. REAL GAIN, who has raced just once this season, runs off a [...]