Ocado reveals fire-fighting robot after robot factory blaze August 8, 2019 Online supermarket Ocado has filed a patent for a fire-fighting robot as the grocer seeks to improve fire safety at its distribution hubs. The design will allow the device to work within the grid system at the firm’s robotics distribution centres and will include a spraying mechanism to put out fires. Read more: Ocado bags [...]
Waitrose opens new London warehouse in online delivery push March 4, 2021 Waitrose has opened a new London warehouse in partnership with Wincanton in a bid to boost its online delivery capacity. The supermarket, which last year ended its partnership with Ocado, said the warehouse in Greenford will deliver 25,000 orders each week and employ an extra 800 staff when it opens fully later this year. That [...]
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’ [...]
Russian budget retailer Fix Price targets London listing February 15, 2021 Russian budget retailer Fix Price this morning announced plans to launch a London listing. The company, which is the largest value retailer in Russia, said the potential initial public offering on the London Stock Exchange would allow it to pursue growth and international expansion. Fix Price, which launched in 2007, has more than 4,200 stores [...]
Wall Street opens flat as investors await Fed minutes August 18, 2021 Wall Street’s main benchmarks opened broadly flat today as investors held back from making any sudden moves until after the publication of minutes from the Fed’s latest Federal Open Market Committee meeting. The blue-chip S&P 500 edged 0.07 per cent higher to 4,450.73 points, while the Dow Jones inched down 0.07 per cent to 35,321.59 [...]
E-commerce grocery sales plateau boosts Aldi’s market share to peak levels June 22, 2021 The growth of e-commerce sales in the grocery market has plateaued, giving the likes of Aldi an opportunity to grow its market share after not making use of online sales in the past year. The percentage of e-commerce sales in the grocery market remained flat at 13.4 per cent in the four weeks to 13 [...]
Why Ocado shares have been chased sharply higher July 9, 2019 A costly warehouse fire hasn’t dented enthusiasm for the shares. Our head of markets explains. Ocado (LSE:OCDO) transformation from online retailer to cutting-edge technology provider remains clear for all to see. The Andover fire in February was an unwelcome distraction and has come at a cost both in actual terms as well as in lost [...]
M&S seeks to persuade investors of Ocado deal benefits July 9, 2019 Marks & Spencer today insisted its £750m joint venture with Ocado would boost profits as it aimed to persuade uncertain investors on the benefits of the deal. The high street giant is aiming to double the size of its food business and said the tie-up with the delivery service would set it “well on the [...]
Former Tesco chief Dave Lewis amongst New Year’s Honours December 31, 2020 Former Tesco boss Dave Lewis has been knighted in the New Year’s Honours List, alongside a number of business figures given gongs. Ocado boss Melanie Smith receives a CBE in recognition of her firm’s upscaling during the lockdown pandemic, and Co-op retail chief Joanne Whitfield receives the same honour. Read more: Retail wonks expect a [...]
Wall Street opens higher while FTSE 100 stays in the green June 10, 2021 Wall Street’s main indexes rose today as investors shrugged off a surge in consumer prices that raised concerns of early policy tightening by the Fed. The Dow Jones Industrial Average was up 0.6 per cent, while the S&P 500 advanced 0.4 per cent at the open. Meanwhile, the tech-heavy Nasdaq gained 0.2 per cent. Wall [...]