May 22, 2019 | News, Retailing
M&S’ full year results for the 52 weeks ending 30th March 2019 have been released, and its top line summary reports as “good progress in restoring the basics.” The results indicate its food business is showing good signs of progress in arresting the decline...
Mar 19, 2019 | News, Retailing
Ocado Group plc has announced its trading statement for the 13 weeks to 3rd March 2019, highlighting that it has grown 11.2% in revenue, despite the impact of a major fire at Andover in February. Ocado explains the growth in revenue of 11.2% was impacted by the...
Mar 5, 2019 | Brexit, Food Equipment & Services, News, Retailing
As Brexit uncertainty intensifies, the latest grocery market share figures, published from Kantar Worldpanel, shows year-on-year supermarket sales growth of 1.9% during the 12 weeks to 24th February 2019. Overall, grocery volumes rose by 1.2% in the 4 weeks which is...
Feb 27, 2019 | Food Equipment & Services, News, Retailing
Following press and media speculation, Marks and Spencer Group Plc (M&S) has announced the creation of a 50/50 joint venture with Ocado Group Plc (Ocado) and states it ‘will transform online grocery shopping for UK consumers’. As suggested by FMT yesterday in our...
Feb 26, 2019 | News, Retailing
Marks and Spencer Group PLC has confirmed that it is in discussions with Ocado Group plc regarding a joint venture in the UK retail market, believed to have a potential value of £1.8bn. Shares in both companies jumped following the news, which would give M&S a...
