Page 10 - Tim Steiner News Today

The shares have jumped by 324 per cent since flotation in 2010 but are down by 78 per cent since their peak of 2895p in September 2020.

Ocado boss Tim Steiner (pictured with his partner Patrycja Pyka) said its venture with M&S was not where we wanted it to be.

It was launched with huge optimism in 2019, but the joint venture between Ocado and M&S has created its own tensions.

An eightfold surge in tomato prices is making some Indian farmers rich, although their windfall gains may be short-lived due to a likely rise in supplies in the coming weeks. Retail prices of tomatoes were at 178 rupees ($2.20) a kilogram in Delhi on Sunday, a jump of more than…

The group, whose shares surged last month after a report of possible takeover interest from Amazon, made earnings before interest, tax, depreciation and amortisation (EBITDA) of 16.6 million pounds ($21.7 million) in the six months to May 28, versus a loss of 13.6 million a year earlier.

Ocado Group revenue increased by 8.6% to £1,370.7m

Grocery inflation has fallen for the fourth month in a row, the latest stats from Kantar show, with the level of items bought on promotion rising by a quarter (25%) suggesting a change in retailer focus from the everyday low pricing model of the last few years.

Grocer and retail technology specialist takes off following news of sales growth across its operations.

Ocado kept its financial guidance for the year as it reported a return to underlying profit in its first half.

European stock markets opened mixed on Tuesday as earnings season gets into full swing.