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Firm’s automated warehouses are struggling to compete against swift deliveries from stores by bike ridersOcado to cut 1,000 jobs in £150m cost-saving driveOnly six years ago, the boss of Ocado Group was writing the obituary for supermarkets as he predi…
Major restructure by retail technology business will lead to reduction of about 5% of global workforceBusiness live – latest updatesOcado is to cut 1,000 jobs as the retail technology business attempts to slash costs by £150m in a major restructure.Th…
Experts say rise in consumers buying flavours such as chocolate and truffle driven by social media trends and ‘foodie’ cultureButter is no longer just salted or unsalted: British shoppers are increasingly buying flavours such as chocolate and truffle, …
Retailer takes some of its systems temporarily offline ‘as part of proactive management of incident’Marks & Spencer has admitted that some products are running short in its stores as it continues to deal with the fallout from a massive cyber-attack…
Hack has wiped more than £500m off Marks & Spencer’s stock market value in the past weekWhen will M&S orders be back, and is my data at risk?M&S betting on customer patience amid 2025’s strong startMarks & Spencer has been forced to pau…
Almost a third of online deliveries from grocers such as Tesco and Aldi included a swapped item, says Which?Sanitary towels substituted for sandwich wraps, fish steaks in the place of lemon cupcakes and beef dog treats instead of steak.These are just s…
Online grocery specialist takes advantage of tools that helped improve productivity of engineering teamOcado is to cut hundreds jobs in its technology teams as part of the loss-making online grocery specialist’s efforts to reduce costs using artificial…
Rick Haythornthwaite, who leads boardrooms of Ocado and the AA, lined up to succeed Howard DaviesNatWest is expected to announce shortly that a former Centrica boss will be its next chair, as the lender continues to deal with the fallout from the scand…
Developer hit by higher interest rates and 2022’s mini-budget but online retailer buoyed by stronger sales at M&SThe property developer British Land is being relegated from the UK’s blue-chip share index, ending a 21-year run in the FTSE 100 after …
Online retailer to open new site in Luton but sales have fallen back after Covid lockdowns Ocado and Marks & Spencer’s online retail joint-venture is to close its oldest warehouse, in Hatfield, putting up to 2,300 jobs at risk.Ocado said the orders…