Coronavirus: Here comes the startup chancellor April 20, 2020 Startups are the economy’s ‘department for the future.’ Their job is to future-proof all the other sectors – from retail and banking through ecommerce to public services. They are vital to the UK’s post-Brexit, post-Covid-19 future. They are also among its most vulnerable. Look up ‘start-up’ in the Cambridge Dictionary and the first example of [...]
Ocado deploys lorry drivers to help with national shortage as more names ask government for help July 7, 2021 Ocado has had to deploy some of its own lorry drivers to help its suppliers get stock to its warehouses amid a national shortage of lorry drivers. CEO Tim Steiner told trade magazine The Grocer that Ocado itself was handling the ongoing driver shortage well, but that some of its suppliers were struggling. “We are [...]
Brexit-supporting Newark in shock as largest employer shuts up shop and heads for mainland Europe April 21, 2022 Local media and residents in the English town of Newark, as well as its local MP Robert Jenrick, are said to be shocked and disappointed by the decision of food producer Goodlife Foods to shut up shop and move its entire production to mainland Europe. The decision is likely to result in around 110 job [...]
Ocado bags sales jump amid decline in supermarket sector July 23, 2019 Ocado has posted a double-digit rise in sales over the last quarter as it defied an overall decline in the supermarket sector. The online retailer boosted its sales by 11.9 per cent in the 12 weeks to 14 July, stealing a larger chunk of the competitive grocery market. Read more: Sainsbury’s sales slip in ‘tough’ [...]
New Ocado finance chief to take helm next month February 15, 2021 British online grocer Ocado said on Monday that its new chief financial officer Stephen Daintith will start his role on 22 March. Ocado had announced in August that Daintith, the current finance chief of Rolls-Royce, would be joining the group. Daintith has previously held senior roles at Daily Mail and General Trust, Dow Jones and [...]
Coronavirus: When are supermarket opening times for NHS and pensioners? April 17, 2020 As the UK heads into lockdown because of the coronavirus outbreak, supermarkets have enforced tighter restrictions and changed opening hours. Prime Minister Boris Johnson yesterday ordered all “non-essential” shops to close, leaving supermarkets one of the few stores to remain open. In recent weeks supermarkets have struggled to keep shelves replenished as consumers embarked on [...]
Publishers look to new revenue sources amid squeeze on digital advertising November 20, 2019 Online publishers are shifting their focus to new sources of revenue as income from digital advertising continues to decline. Digital publishing revenue slipped 3.7 per cent to £113.1m in the second quarter, according to figures released by the Association for Online Publishing (AOP) and Deloitte. Read more: Digital ad group Ozone signs up Stylist as [...]
World High Life buys British cannabis firm Love Hemp September 23, 2019 Medical cannabis investment firm World High Life is set to buy British cannabis oil company Love Hemp in a £9m deal. World High Life is hoping the deal will help them weed out the competition and expand its UK and European business. The company also announced a share placing intended to raise up to £5m. [...]
Ocado strikes factory deal with Australian grocer Coles a month after £1.5bn Marks & Spencer tie-up March 26, 2019 Ocado has agreed a deal to provide two robot-operated fulfillment centres for Australian grocer Coles Online, as it doubles down on its growing role as a retail technology supplier. Read more: Ocado shares burn after 48-hour blaze at robotics centre The online supermarket will build and operate the customer fulfillment centres in Sydney and Melbourne, [...]
Four key things we learned from Marks & Spencer’s results May 22, 2019 There were not expectations of a strong set of results from Marks & Spencer today. The profit drop was expected and profit before tax of £532m was actually in the higher end of the forecast range. However, a share price decline of four per cent shows that these were still a disappointing set of results for investors. [...]