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OCADO RETAIL
Ocado layoffs explained: Why 5% of jobs are cut, which roles are affected, and what’s next for global expansionOcado layoffs 2026: Ocado is reducing its global workforce by approximately 1,000 employees, about 5% of its staff, as part of a restructur...- European shares advance as Fed begins easing cycle with jumbo rate cutThe U.S. central bank kicked off its monetary-easing cycle on Wednesday with a jumbo reduction that brought the benchmark policy rate to 4....
- UK election: Rishi Sunak hunts for votes among the robots, at 4:50 a.mSunak, who has often looked exhausted as he crisscrossed the country during a six-week campaign, started the penultimate day before Thursda...
- UK's FTSE 100 hits record peak on weaker pound; Associated British Foods surgesThe UK's blue-chip share index cruised to record highs on Tuesday, helped by a weaker pound and positive corporate updates, while investors...
- European shares gain on miners' boost, German DAX at fresh record highInvestors now await euro zone construction purchasing manager's index data for November, along with October retail sales to gauge the stren...
- More shoppers help British online supermarket Ocado return to growth for items soldThe volume growth helped the 50/50 joint venture between Ocado Group and Marks & Spencer report a 7.2% rise in revenue to 570 million pound...
- European shares slip as industrials drag; focus on c.banks meetingsInvestors remained cautious ahead of interest rate decisions by major central banks this week, including the U.S. Federal Reserve on Wednes...
- AutoStore and Ocado reach deal to settle patent litigation claimsNorwegian robotics firm AutoStore will pay 200 million pounds ($257.1 million) to British online supermarket group Ocado as part of a deal ...
- European shares gain on boost from Novartis, telecom stocks dragEurope's healthcare sector, up 0.4%, also got a boost from 3.9% gains in shares of Swedish Orphan Biovitrum (SOBI) after the drugmaker's se...
- British online supermarket Ocado keeps guidance after return to first-half underlying profitThe group, whose shares surged last month after a report of possible takeover interest from Amazon, made earnings before interest, tax, dep...
- Shares of UK online supermarket Ocado soar on talk of Amazon bid interestShares in Ocado rose as much as 47% and were briefly on track for their biggest one-day jump on record. They were up 30% at 1236 GMT, parin...
- Shopify sells shipping service firm Deliverr, other assets amid narrowing ambitionsMost of Shopify's fulfillment assets will be acquired by logistics provider Flexport in an all-stock deal that also includes the sale of th...
- European shares slip as China data rekindles economic worriesAsian shares and U.S. futures dipped after China's economic growth in 2022 slumped as the fourth quarter was hit hard by strict COVID-19 cu...
- Commodity stocks, strong retail sales boost UK's FTSE 100Oil stocks added 0.5% following wild swings on Thursday, as investors looked past possible release of reserves by the world's major economi...
- Stocks loved in the pandemic now get the wrath of profit missesThe rocky performance also sharpens the distinction between stocks that can be called pandemic winners and everything else in the market.
- Rolls-Royce names former Deloitte partner Kakoullis as CFOThe pandemic has shattered Rolls-Royce's finances because it is paid by airlines on a flying-hours basis, and the company warned in January...
- Britain's Marks & Spencer to shed 7,000 jobs in latest blow to retail sectorM&S said last month it would shed 950 jobs as part of a store management revamp. Its latest round of redundancies will impact its central s...
- Uber scrambles into groceries with new acquisition. Why?Uber’s pitch is that having drivers drop people at work or transport them on date nights gives it an opportunity to also deliver burritos, ...
- European shares snap 3 day winning streak; Air-France KLM, Beiersdorf sinkHealthcare was the only sector in positive territory in early deals, with travel, leisure, chemicals and retail notching up the biggest los...
- Former Marks and Spencer boss Lord Stuart Rose to lead campaign to keep Britain in EUThe debate about Britain's membership in the world's largest trading bloc is heating up as the country prepares for a referendum.
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