All articles by Jennifer Creevy – Page 54
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NewsCity split on Ocado IPO as Amazon launches online grocery offer
Competition from Waitrose and Amazon adds to questions over Ocado’s valuation and profitability
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NewsOcado 'won't comply' with governance code
Ocado has admitted that its board of directors will not comply with the UK Corporate Governance Code that regulates best practice when it floats on the stock market.
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NewsVuvuzela warning sounded
Shops in the UK selling vuvuzelas could face serious financial consequences because of question marks over the name.
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NewsOcado outlines target depot and delivery efficiencies
Ocado has outlined the delivery and depot efficiencies it is aiming to reach at its Hatfield depot in a bid to maximise profitability.
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NewsLloyds sells TM Lewin stake
Lloyds Banking Group is to sell its portfolio of 40 private equity investments including shirtmaker TM Lewin.
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NewsTesco understood to be interested in Carrefour’s Asian operations
Tesco is understood to be among the leading supermarket chains interested in parts of French giant Carrefour’s assets in Singapore, Thailand and Malaysia.
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NewsOcado expects £1.18bn IPO valuation
Home shopping group Ocado has set a price range of between 200p to 275p per share for its IPO and expects a market capitalisation of about £1.18bn.
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NewsSuperdrug reduces full-year losses
Superdrug has reduced its losses in the full year to December 26, 2009, by improving margins and reducing operating costs.
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NewsOcado to publish prospectus and start roadshow
Ocado is poised to publish its prospectus tomorrow and press ahead with a valuation of £900m-£1bn for its IPO.
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NewsTravis Perkins said it is making market share gains
DIY giant Travis Perkins’ retail division has reported like-for-like sales have declined 0.4% in the 26 weeks to June 30 but total sales have increased 2.1%.
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NewsTesco survives shareholder rebellion
Tesco faced rebellion over the pay and bonus packages it allocates to directors at its annual general meeting today with over 37% voting against the approval of the grocer’s remuneration report.
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AnalysisOcado moves to deliver on flotation
Ocado is bullish about its plans to float, but with the online grocer yet to make a pre-tax profit, is the IPO a good deal for investors
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NewsMorrisons unveils revamped Bradford store
Morrisons has unveiled a new look for its store in Idle in Bradford, which features a concession for clothing retailer Peacocks.
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NewsSainsbury’s ad celebrates British summer
Sainsbury’s today launched its latest advertising campaign with celebrity chef Jamie Oliver, with the first ad aired during breakfast show GMTV.
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NewsTesco under scrutiny over accounting policies
Tesco has come under scrutiny from a leading City analyst over its accounting policies.
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NewsTesco sells log cabins
Tesco already sells most of anything shoppers could ever need and now it is adding flat-pack log cabins to its portfolio.
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NewsTesco to raise £950m in property deal
Tesco is to undertake a sale and leaseback deal to raise £950m, it is understood.
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NewsWalmart appoints new US head
Walmart has appointed Eduardo Castro-Wright to president and chief executive of Global.com and Global sourcing while Bill Simon is promoted to president and chief executive of Walmart US.
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AnalysisTV shopping
Although a relatively small sector of the home shopping market, compared with online, TV shopping is set to grow and will be worth almost £2bn by 2013