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Some sun, football and promotions fuel UK groceries spending, says NIQ

Some sun, football and promotions fuel UK groceries spending, says NIQ UK grocers sales up 3.6% yr/yr in 4 weeks to July 13 38% of branded goods sales made on promotion Ocado is fastest growing grocer, Asda the laggard By James Davey LONDON, July 24 (Reuters) - A week of hot summer weather at the end of June, England reaching the final of the Euro 2024 soccer championship and promotions on branded goods drove UK grocery sales over the last month, industry data showed on Wednesday.
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Ocado not working on shift to U.S. listing, says boss

Ocado not working on shift to U.S. listing, says boss LONDON, July 16 (Reuters) - Ocado OCDO.L , the British online supermarket and technology group, is not currently working on shifting to a listing in the United States, its boss said on Tuesday. "It's not something we're currently working on," chief executive Tim Steiner told Reuters after the group reported first half results .
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Ocado CEO: Investors should not be losing confidence

Ocado CEO: Investors should not be losing confidence LONDON, July 16 (Reuters) - Ocado OCDO.L , the British online supermarket and technology group, said investors should not be losing confidence despite a slowdown in the rollout of robotic sites and modules for its retail partners. "I'm not concerned in investors losing confidence, because they shouldn't be losing confidence.
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Ocado shares jump after tech arm margin guidance lifted

UPDATE 3-Ocado shares jump after tech arm margin guidance lifted Sees "mid-teens" technology EBITDA margin in 2023-24 Sees cash flow improving by 150 million pounds CEO says investors shouldn't be concerned Shares jump 15% Updates shares paragraph 4, analyst comment paragraph 7, CEO comment paragraph 9 By James Davey LONDON, July 16 (Reuters) - Britain's Ocado OCDO.L lifted the annual profit margin guidance for its key warehouse technology division on Tuesday, reassuring investors and prompting
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Amazon could face probe over treatment of UK grocery suppliers, watchdog says

Amazon could face probe over treatment of UK grocery suppliers, watchdog says Amazon fares poorly on supplier survey, says industry regulator Amazon told to take 'swift action' to comply with industry code Regulator says won't hesitate to launch formal investigation Amazon says disappointed, pledges improvement By James Davey LONDON, July 11 (Reuters) - Britain's grocery regulator on Thursday threatened Amazon AMZN.O with a formal investigation if it does not improve its compliance with an indus
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