Page 4 - Tim Steiner News Today

1 British drinkers bought ten million fewer bottles of wine in the run-up to Christmas after the government raised duty rates, contributing to higher inflation but a £400 million reduction in revenue

The repeated dismissal of old-fashioned values has come back to bite the online apostles

Sparks-linked online grocery company Ocado has reported improved revenues driven by improvements in its retail and technology businesses.

Ocado said on Thursday that it swung back to an underlying profit in 2023 as its joint venture with M&S returned to profit.

Ocado, the British online supermarket and technology group, will most likely reach a negotiated settlement with retailer Marks & Spencer over a final payment for M&Ss share of the Ocado Retail...

Ocado has forecast faster growth this year after an improved performance from its automated warehouse technology unit.

The boss of Ocado said he is confident the fellow retail firm owes it "a substantial amount of money" but hopes to secure a settlement over the dispute

Ocado, the British online supermarket and technology group, forecast faster growth this year after an improved performance from its automated warehouse technology unit helped to deliver...

Tim Steiner, the boss of Ocado, said he was confident M&S owed it a substantial amount of money, but hopes to secure a settlement over the dispute.

The grocery technology firm claims the retailer owes it a final payment of nearly £191m.