Tim Steiner
1 Comment
Ocado has become the latest UK supermarket to begin stockpiling long-life products as a no-deal Brexit becomes increasingly likely.
The online grocery giant’s chief executive Tim Steiner warned that “you…
Read MoreOcado apologises after it was forced to cancel orders on first day of M&S tie-up
Ocado has apologised to shoppers who were left empty handed after a “surge in demand” meant it had no choice but to cancel orders.
Ocado was forced to cancel orders…
Read MoreOcado posts £40.6m loss despite huge spike in sales during lockdown
Ocado’s share price has crashed 2.6 per cent in morning trading after its group profits dropped by 36 per cent despite seeing a huge boost in sales during lockdown.
The…
Read MoreOcado shareholders revolt against CEO’s £54m bonus
Ocado’s shareholders yesterday revolted against “excessive” pay rises for its executives, including a £54 million bonus for its chief executive.
The online grocer’s shareholders expressed their opposition to an £88…
Read MoreOcado sees revenues nearly quadruple in Q2 as it delivers “more groceries than ever before”
Ocado has seen its retail revenues grow 40.4 per cent in its second quarter as the coronavirus pandemic sees it deliver “significantly more groceries to households than ever before”.
The…
Read More£59m payout for Ocado’s boss Tim Steiner despite company’s £214m loss
Ocado’s chief executive Tim Steiner is set to receive a near £60 million bonus despite his company reporting posting a whopping £214 million loss last year.
Steiner and another four…
Read MoreOcado posts £214m loss as it invests in first “state-of-the-art robotic facilities” overseas
Ocado revealed a £214 million loss over its last year coming well above analyst expectations thanks to heavy investments in robotic warehouses overseas.
The online grocery giant posted a pre-tax…
Read MoreOcado could soon deliver groceries via driverless vehicles and robots
Ocado could soon be delivering groceries via driverless vehicles and robots which carry your order to your door.
Tim Steiner, the online grocery retailer’s chief executive, told NRF this week…
Read MoreOcado signs up for partnership with Japan’s Aeon
British supermarket Ocado has signed a deal for a technology partnership with Japanese firm Aeon.
The online-only grocer on Friday revealed it would team up with Aeon to help develop…
Read MoreOcado to open first ‘mini’ fulfilment centre in Bristol
Ocado is opening a new ‘mini’ robotic warehouse in Bristol as it demonstrates its ability to roll out its automated technology at speed.
The 150,000sq ft site will be completed…
Read More