Page 3 - Tim Steiner News Today

Ocado Group PLC said on Thursday that its chair intends to step down next year, as pressure on his time will grow after taking on the position at lender NatWest Group PLC. The Hertfordshire-based...

Ocado said chairperson Rick Haythornthwaite will step down next year due to his 'increasing commitment' at banking group NatWest.

McDonald’s is to buy back 225 of its restaurants in Israel after the fast food chain blamed a boycott in the wake of the Israel-Hamas war for a slump in sales.

A lucrative future abroad beckons if the grocer can shake off its UK ties

After striking a deal to partner with Marks & Spencer in 2019, Ocado chief executive Tim Steiner hailed the £750m agreement as a “win-win” for both parties.

European stocks were mostly higher on Monday ahead of the long Easter weekend and as investors took stock of a slew of rate decisions during the preceding week and dovish comments from policy makers that sent the Stoxx 600 index to record highs.

Ocado Retail sales soared in the first quarter of 2024 as the Marks & Spencer joint venture enjoyed a jump in active customer numbers and weekly orders.

London’s FTSE 100 was down 0.1% at 7,925.35 in afternoon trade on Monday.

London markets finished in the red on Monday, having traded below the waterline through the session after reaching a peak at the end of last week.

Shareholders urged to vote against remuneration plan with proxy adviser citing a lack of dividends and falling share price