All the updated news related to tim steiner

All the news related to tim steiner updated in real time

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City

Ocado sales slip as customers pull back spending amid rising living costs

Sales have slumped at Ocado after the online retail firm said customers are shrinking the size of their orders in response to the rise in the cost of living and the end of Covid curbs. The company also saw losses balloon to £211 million, from £27.9 ...

21 Jul 2022 at 11:04

City

Ocado signs deal in Poland as High Court patents hearing begins

Online grocery business Ocado has signed a deal with supermarket giant Auchan to build a warehouse in Poland to serve customers in the Warsaw region. The deal is the second signed with the retailer, having agreed to partner with Auchan in Spain ...

15 Mar 2022 at 10:25

City

Shoppers reduce their spend at Ocado as cost of living bites

Shoppers have cut back their spending as they try to offset the growing cost of living, online supermarket Ocado has said. The average basket that customers checked out reduced by 6% to £116 in the 13 weeks to the end of August, and have ...

13 Sept 2022 at 09:18

City

2,300 staff affected by Ocado plan to shut oldest warehouse

Online grocer Ocado has announced plans to shut its oldest distribution centre as it shifts towards robotic warehouses, in a move that will affect around 2,300 workers. The group said it will close the site in Hatfield, Hertfordshire, ...

25 Apr 2023 at 12:12

Ocado sees ‘pathway’ to returning retail arm to profit amid pressure from M&S

City

Ocado sees ‘clear pathway’ to returning retail arm to profit

Shares in online grocer Ocado have surged higher after the group swung to an underlying profit and said its retail arm is on track to post annual earnings amid mounting pressure from its joint venture partner Marks & Spencer. The ...

18 Jul 2023 at 11:50

City

Ocado sales rise as price cuts win back shoppers

Online grocer Ocado has reported a pick-up in retail sales growth as it tempts back shoppers amid a turnaround and moves to cut prices. The group posted a 7.2% rise in sales to £569.6 million at its retail business, which is run ...

19 Sept 2023 at 08:35

City

Ocado could take M&S to court over joint venture payment row

Ocado could take legal action against grocery partner Marks & Spencer amid an ongoing row over payments between the businesses. Tim Steiner, the boss of Ocado, said he is confident the fellow retail firm owes it “a substantial ...

29 Feb 2024 at 09:16

City

Ocado reveals £394m loss as sales improve

Ocado has posted a £394 million loss for the past year, as bosses hailed “good progress” at the online retail group. It also revealed that Ocado Retail, its joint venture with Marks & Spencer, delivered an underlying profit ...

29 Feb 2024 at 08:08

City

Ocado shares rise as investors call for switch from London listing to New York

Ocado shares have climbed amid reports that the retail technology company has reportedly come under pressure from investors to move its stock market listing from London to New York. The business held talks with ...

22 Apr 2024 at 10:51

City

Ocado boss’s £15m bonus deal voted through despite opposition

The boss of Ocado has had a potential bonus deal worth almost £15 million given the go-ahead despite fierce criticism over the move. The online retail firm gained the majority support needed to approve chief ...

30 Apr 2024 at 08:15

City

Ocado losses soar amid rising costs as squeezed customers cut back spending

Even soaring prices could not stop the average shop at Ocado getting cheaper last year as customers cut back the number of items they loaded into their virtual shopping trolleys. The online supermarket ...

28 Feb 2023 at 08:06

City

Ocado enters South Korea with grocery tie-up

Online grocery giant Ocado has enjoyed a surge in its share price after revealing it has partnered with one of South Korea’s largest supermarkets. Ocado is set to join forces with Lotte Shopping, ...

01 Nov 2022 at 11:49

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