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Media Bites 9 February: DS Smith/Mondi, Unilever, British American Tobacco
thegrocer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegrocer.co.uk Daily Mail and Mail on Sunday newspapers.
Media Bites 2 September: Starbucks/Reckitt, 2 Sisters, Pernod Ricard
thegrocer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegrocer.co.uk Daily Mail and Mail on Sunday newspapers.
Media Bites 12 July: Morrisons, Philip Morris, Ocado
thegrocer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegrocer.co.uk Daily Mail and Mail on Sunday newspapers.
By Alec Mattinson2021-03-05T09:01:00+00:00
Deliveroo has pressed the start button on a listing on the London Stock Exchange that is expected to value the loss-making food delivery business at more than $7 billion (The Times £, The Daily Mail). Deliveroo, which operators in 12 markets, said it was committed to making the UK its “long-term home” (The BBC).
Rishi Sunak brands Deliveroo a ‘British tech success’ as the food delivery giant announces it has chosen London for its stock market debut (The Daily Mail). Chancellor Rishi Sunak has welcomed confirmation by Deliveroo that its highly-anticipated potential stock market float will take place in London (Sky News).
By Alec Mattinson2021-02-10T08:57:00+00:00
Ocado has reported a sharp rise in sales and profits at its online grocery business thanks to booming demand during the pandemic but said that customer numbers had fallen during the year (The Financial Times £). A pandemic-driven surge in demand for online grocery orders last year has reduced losses at Ocado, but the company’s plans to further step up investment cast a shadow yesterday over its prospects for future earnings (The Times £). Ocado posted sales of more than £2billion for the first time despite losing customers in the pandemic (The Daily Mail). Ocado has reported a leap in annual sales and core profitability as wider retail figures highlight the sharpest drop in business since May amid continuing coronavirus lockdowns (Sky News).