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The Latest Breaking News from Ocado Retail

Ocado shares surge after ‘strong’ half-year

Ocado saw sales jump on the back of progress in its technology arm and reported rising demand from UK shoppers.

Evening Standard

Protein popularity surge among Gen Zs sparks demand for cottage cheese and chicken

A national survey of 2,200 people by Savanta for Ocado Retail found nearly half of UK adults increased their protein intake in the past year, but that rose to two-thirds of all people aged 16 to 34

The Independent UK

Ocado reveals further job cut plans as losses narrow

The group said the jobs would largely go in its research and development teams as it scales back investment in that area.

Evening Standard

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Ocado shares crash amid further job cut plans and disappointing outlook for 2025

Shares were down as much as 18 per cent in morning trading after their announcement

The Independent UK

Ocado narrows losses and remains in talks with M&S as payment deadline looms

The online grocer posted statutory group pre-tax losses of £374.5 million against losses of £393.6 million a year earlier.

Evening Standard

Ocado on the brink of relegation from the FTSE 100 after long run lower for its shares

Stocks in the online grocery retailer and cutting edge e-commerce tech firm peaked during the pandemic

Evening Standard

Ocado ‘could sue’ M&S in dispute over £190m final payment

Marks & Spencer, which owns 50% of online grocer, is withholding part of the sum, saying targets were missed

The Guardian - UK

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Ocado retail arm returns to profit amid sales rise as it offers more M&S food

Online grocer says price matching with Tesco and better service helped improve bottom line

The Guardian - UK

Ocado shares soar on takeover rumours

Largest shareholder says online supermarket should stay listed in UK after speculation Amazon among firms considering a bid

The Guardian - UK

Ocado to close Hatfield warehouse, putting 2,300 jobs at risk

Online retailer to open new site in Luton but sales have fallen back after Covid lockdowns

The Guardian - UK

Brits ‘need to accept’ they’re worse off and stop pushing wages and prices higher, says BoE chief economist – as it happened

Huw Pill says someone in UK needs to accept that they’re worse off and stop trying to maintain their real spending power through higher wages or prices

The Guardian - UK

Ocado pauses building new warehouses as annual losses balloon to £500m

Decline in retail sales at online supermarket blamed on customers buying fewer items

The Guardian - UK

Better than 50/50 chance government will extend energy bill support, says Martin Lewis – as it happened

Money saving expert predicts government could decide not to lift average energy bills to £3,000 per year in April, after pressure

The Guardian - UK

Recipes you can make with food waste to attract birds for Big Garden Birdwatch

The simple recipes use up food that would otherwise be thrown away, and help feed birds through the winter

Wales Online

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Daily Mirror

Hardest parts of Christmas dinner to get right - including gravy and roast potatoes

One in three Brits have messed up parts of the Christmas dinner, and had to start from scratch - with gravy the most likely element this happens to

Evening Standard

FTSE 100 Live: Made.com enters administration, Meta fires 11,000 staff

US inflation is today’s key event as traders look for signs that the Federal Reserve will be able to slow interest rate rises.

The Guardian - UK

Peanut butter pasta dish among Nigella Lawson’s £1.25-a-portion budget recipes

Budget dishes created by celebrity cook include peanut butter pasta and feta, black bean and clementine couscous

The Independent UK

Prestigious businesswomen awards announced

The former chief executive of Ocado Retail, won Veuve Clicquot’s 50th annual Bold Woman Award for her ‘outstanding’ leadership.

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Birmingham Post

Business Life: charity initiatives and award wins in the North East

Our round-up of stories this week includes Ocado Retail, Hay &Kilner, the North East BIC and durhamlane

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