Ocado shares were down 4.6% to 763.8p after the group confirmed its extended partnership with French retailer Groupe Casino. The extension is consistent with the terms of the Memorandum of Understanding announced by the firm on 17 February 2022. Ocado highlighted the extension included the creation of a joint venture to provide logistics services to […]

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B&M shares were up 0.8% to 382.9p in early morning trading on Wednesday after the company announced it was on track to hit its FY 2023 EBITDA of £550 million to £600 million in the firm’s Q1 trading update. B&M announced a 2.2% fall in group revenue on a constant currency basis across the term […]

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Sainsbury’s (LON: SBRY) has announced plans to cut 3,500 jobs. The supermarket will closes meat, fish and deli counters as well as 420 standalone Argos stores. The news came as Sainsbury’s posted a pretax loss of £137m for the six months ended 19 September. This loss is down from a £9m profit a year earlier. […]

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British supermarket chain Tesco plc (LON:TSCO) announced on Friday that it had booked impressive first quarter financials, led by significant growth in online activity and deliveries. The company said that first quarter sales rose 8.2% across the UK and Ireland, and up 7.9% across all of its operations, up to £13.38 million. It added that […]

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Tesco PLC (LON:TSCO) have made a pledge to the British supermarket industry to try and win back customers from their German counterparts. Tesco, who are one of the ‘big four’ have seen a mixed time of trading over the last few weeks. British supermarket habits have shifted over recent years, as many consumers have switched […]

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Ocado Group Plc (LON:OCDO) have seen their shares jump over 4% as the firm reported revenue growth in its Tuesday update. Ocado said that revenue growth was driven by increased demand in the last few months of trading, however its loss widened in its recently ended financial year. The FTSE 100 lister said that pretax […]

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