Ocado clinches deal with Australian supermarket Coles a month after M&S tie-up
Ocado said it expects the deal with Coles to create “significant long term value” to the business
Company
Marks and Spencer Group PLC
LON:MKS
Marks and Spencer Group is a retailer of clothing, food and home products in the United Kingdom. The Company has 622 stores, including Simply Food franchise stores, as well as an international business.
731 stories · page 19 of 37
Sainsbury's-Asda merger to put pressure on Bakkavor and other suppliers, says Barclays
Barclays said it is concerned about the “increasingly competitive” UK ready-meals market, in a note on the European food ingredients sector
Ocado shares rise as Andover warehouse fire has smaller-than-expected impact on revenue
“The fire has been a setback, but it will be only a temporary one,” said chef executive Tim Steiner
Archive
FTSE 100 joins other global indices to head higher and finishes above 7,300
The Footsie added 0.34% to close at 7,324, while US shares are also higher at the time of writing
Archive
Brexit 'Meaningful Vote 3': Slasher, thriller, or just postponed?
Aside from the Brexit shenanigans, the Day Ahead will also bring the release of the latest UK jobs data, plus trading updates from online retailers Ocado PLC and ASOS PLC
M&S to open superstores that stock full food range ahead of online delivery launch with Ocado
M&S will open new superstores that offer its full range of food to bring in families for their big weekly grocery shop
Archive
Retail results to vie with 'Meaningful' Brexit vote, UK, US rate decisions, and key data
DIY stores owner Kingfisher, clothing retailer Next, plus troubled fashion firm Ted Baker will report full-year results, with trading updates due from internet grocer Ocado and online fashion group ASOS
M&S and Ocado cost savings key to making tie-up more attractive, says RBC Capital
RBC revised its target prices on Marks & Spencer and Ocado shares but maintained a 'sector perform' on the stocks
M&S ready meal supplier Bakkavor predicts weaker margins in first half
Analysts at Peel Hunt repeated a ‘buy’ rating on the stock but cut its target price to 190p from 200p
Jefferies cuts Marks & Spencer to ‘hold’ from ‘buy’ on concerns over Ocado jv plans
The US broker's analysts said: “We are of the view that the £70mln of EBITDA synergy ambitions underpinning the deal rationale may prove rather difficult to deliver in full”
As M&S and ITV unveil tie-in deals, is the plug-and-play/consolidation model becoming the default catch-up method for digital?
With M&S choosing to anchor itself to online grocer Ocado and ITV and the BBC pooling their efforts in online streaming, have tie-ins and consolidation become the best strategy to ward off the surge in digital competition?
M&S set for big rights issue, divi cut to fund online grocery joint venture with Ocado
M&S intends to conduct a rights issue to raise up to £600mln, which will be launched in due course, and which is fully underwritten on a standby basis by Morgan Stanley
FTSE 100 finishes lower as global markets hit by geopolitical worries
The UK's blue chip index closed down nearly 44 points at 7,107. Meanwhile, mid-cap cousin FTSE 250 fell more than 116 at 19,513
Ocado and M&S confirm talks regarding joint venture
The two firms confirmed the talks in separate announcements, just weeks after Ocado boss Tim Steiner had stayed tight-lipped on speculation of a possible tie-up following newspaper reports in January
Ocado boss tight lipped on reports of possible tie-up with M&S
“It is our business to talk to retailers and we never comment on who we’re talking to," Ocado boss Tim Steiner told reporters after the company's full year results
Archive
FTSE 100 closes convincingly higher; BP top gainer
The UK's premier share index closed up over 143 points higher at 7,177
Archive
BP's finals to deliver “good year-on-year progress", plus strong growth in headline cash flow
Aside from BP's full-year results, the Day Ahead will also include an update from FTSE 100-listed online grocer Ocado PLC and from mid-cap real estate firm St Modwen Properties
Archive
Bank of England's 'Super Thursday' and slew of corporate earnings eyed as Chinese New Year begins
The week ahead includes updates from Thomas Cook, Superdry, Ryanair and Tate & Lyle, among others.
Ocado said to be considering replacing Waitrose with M&S as key grocery supplier
Ocado and M&S have held “secret talks” over the past few weeks about launching a food delivery service, the Mail of Sunday reported
Investments and investor services
FTSE 100 closes lower as trade worries dent global equities; Ocado top Footsie gainer
A deceptively dull start by the Footsie gradually turned into something a bit more dramatic