1. Ocado at crossroads once again over its retail and solutions arms
Much of the noise around Ocado is about whether it should ditch its retail arm and focus entirely on its solutions business, on which it has pinned its future hopes for growth and profitability.
2. John Lewis executive makes shock exit
John Lewis Partnership said executive director Pippa Wicks is leaving following a “period of considerable transformation of the John Lewis brand.”
3. FTSE 100 finishes in red
The London benchmark fell 58 point or 0.74% lower, closing Tuesday’s session at 7,876.
4. Homebuyers snapping up biggest discounts in five years
The average property price in the UK is now £260,800, Zoopla said, which means sellers are taking an average cut of £14,100 per sale, the highest gap between asking and selling prices in half a decade.
5. British Airways owner forecasts raised as strong demand tipped to continue
The Wall Street bank has been a target of lawsuits ranging from its role in Malaysia’s 1MDB sovereign wealth fund scandal to the collapse of Archegos Capital Management in 2021.