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JDE Peet's announces surprise exit of interim CEO and chairman Vandevelde

JDE Peet's announces surprise exit of interim CEO and chairman Vandevelde By Anna Peverieri Aug 12 (Reuters) - Coffee and tea company JDE Peet's JDEP.AS said on Monday its interim CEO and chairman, Luc Vandevelde, had stepped down just four months after he was appointed . It said Chief Financial Officer Scott Gray would assume the additional role of interim CEO immediately.
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Bangladesh garment factories reopen after Sheikh Hasina's flight

UPDATE 1-Bangladesh garment factories reopen after Sheikh Hasina's flight Adds comments on impact from paragraph 5 By Sam Jahan and Tanvi Mehta DHAKA, Aug 7 (Reuters) - Garment factories in Bangladesh, forecast to account for 90% of the country's exports, reopened on Wednesday hoping to swiftly resume full operations after production was disrupted by violent protests that ousted Prime Minister Sheikh Hasina this week.
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Bangladesh garment factories reopen after Sheikh Hasina's flight

Bangladesh garment factories reopen after Sheikh Hasina's flight By Sam Jahan and Tanvi Mehta DHAKA, Aug 7 (Reuters) - Garment factories in Bangladesh, forecast to account for 90 % of the country's exports, reopened on Wednesday hoping to swiftly resume full operations after production was disrupted by violent protests that ousted Prime Minister Sheikh Hasina this week.
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Financial Times - July 29

PRESS DIGEST- Financial Times - July 29 July 29 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - UK Labour's tax pledge will test plan to cut North Sea emissions, warns Equinor boss - Ocado chief plans to retain group's stake in M&S joint venture - UK ports to demand compensation if post-Brexit trade barriers with EU are lowered - Kemi Badenoch enters Tory race with vow to renew party b
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Some sun, football and promotions fuel UK groceries spending, says NIQ

Some sun, football and promotions fuel UK groceries spending, says NIQ UK grocers sales up 3.6% yr/yr in 4 weeks to July 13 38% of branded goods sales made on promotion Ocado is fastest growing grocer, Asda the laggard By James Davey LONDON, July 24 (Reuters) - A week of hot summer weather at the end of June, England reaching the final of the Euro 2024 soccer championship and promotions on branded goods drove UK grocery sales over the last month, industry data showed on Wednesday.
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Ocado not working on shift to U.S. listing, says boss

Ocado not working on shift to U.S. listing, says boss LONDON, July 16 (Reuters) - Ocado OCDO.L , the British online supermarket and technology group, is not currently working on shifting to a listing in the United States, its boss said on Tuesday. "It's not something we're currently working on," chief executive Tim Steiner told Reuters after the group reported first half results .
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Ocado CEO: Investors should not be losing confidence

Ocado CEO: Investors should not be losing confidence LONDON, July 16 (Reuters) - Ocado OCDO.L , the British online supermarket and technology group, said investors should not be losing confidence despite a slowdown in the rollout of robotic sites and modules for its retail partners. "I'm not concerned in investors losing confidence, because they shouldn't be losing confidence.
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Ocado shares jump after tech arm margin guidance lifted

UPDATE 3-Ocado shares jump after tech arm margin guidance lifted Sees "mid-teens" technology EBITDA margin in 2023-24 Sees cash flow improving by 150 million pounds CEO says investors shouldn't be concerned Shares jump 15% Updates shares paragraph 4, analyst comment paragraph 7, CEO comment paragraph 9 By James Davey LONDON, July 16 (Reuters) - Britain's Ocado OCDO.L lifted the annual profit margin guidance for its key warehouse technology division on Tuesday, reassuring investors and prompting
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Amazon could face probe over treatment of UK grocery suppliers, watchdog says

Amazon could face probe over treatment of UK grocery suppliers, watchdog says Amazon fares poorly on supplier survey, says industry regulator Amazon told to take 'swift action' to comply with industry code Regulator says won't hesitate to launch formal investigation Amazon says disappointed, pledges improvement By James Davey LONDON, July 11 (Reuters) - Britain's grocery regulator on Thursday threatened Amazon AMZN.O with a formal investigation if it does not improve its compliance with an indus
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M&S 'not unhappy' with Ocado Retail, says chairman

M&S 'not unhappy' with Ocado Retail, says chairman By James Davey LONDON, July 2 (Reuters) - British retailer Marks & Spencer MKS.L is "not unhappy" with the current performance of Ocado Retail, its online supermarket joint venture with Ocado Group OCDO.L , M&S chairman Archie Norman told investors on Tuesday. In its year to March 30, M&S's share of Ocado Retail's adjusted loss increased to more than 37 million pounds ($47 million), and M&S has previously been critical of the joint venture's man
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UK's M&S Says All Resolutions Proposed At AGM Passed By Shareholders

BRIEF-UK's M&S Says All Resolutions Proposed At AGM Passed By Shareholders July 2 (Reuters) - Marks and Spencer Group PLC MKS.L : MARKS AND SPENCER GROUP: ALL RESOLUTIONS PROPOSED WERE PASSED BY SHAREHOLDERS Source text for Eikon: ID:nRSB8360Ua Further company coverage: MKS.L
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UK firms reassured by Labour's employment law proposals

ANALYSIS-UK firms reassured by Labour's employment law proposals Labour's engagement with firms has eased initial concerns in business Labour plans to update employment laws and consult stakeholders Some unions disappointed with softening of planned protections By James Davey, Elizabeth Piper LONDON, June 28 (Reuters) - When Keir Starmer's Labour pulled ahead in the polls in 2023, British business leaders started to fret that, if elected, the opposition party would impose strict laws around hiri
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UK grocery sales growth slows in June as wet weather weighs, says NIQ

UK grocery sales growth slows in June as wet weather weighs, says NIQ UK supermarket sales up 1.1% in 4 weeks to June 15 -NIQ Same period last year benefited from heatwave, high inflation Ocado again the fastest growing grocer Asda remains the industry laggard By James Davey LONDON, June 27 (Reuters) - Sales growth at British supermarkets slowed in June, reflecting wet weather, strength in sales last year and lower food inflation, industry data showed on Thursday.
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Ocado's shares hit as Canadian partner Sobeys pauses warehouse opening

UPDATE 4-Ocado's shares hit as Canadian partner Sobeys pauses warehouse opening Sobeys won't open robotic warehouse in Vancouver in 2025 Ocado and Sobeys end 'mutual exclusivity' deal Ocado says 2024 financial guidance unchanged Ocado shares down 16% Updates shares in paragraph 1 and 3, analyst comment paragraph 5 By James Davey and Echha Jain June 20 (Reuters) - Ocado Group's OCDO.L shares slumped more than 16% on Thursday after the online grocer and technology group said its Canadian supermark
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British Business - June 19

PRESS DIGEST-British Business - June 19 June 19 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - A CVC-led bidding consortium has lifted its informal offer for Hargreaves Lansdown HRGV.L to 5.4 billion pounds ($6.86 billion) and taken the unusual step of offering existing shareholders the chance to share in the investment platform's future success.
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Shein committed to engage on sustainability, labour when joined UK retail group, BRC CEO says

Shein committed to engage on sustainability, labour when joined UK retail group, BRC CEO says By James Davey LONDON, June 13 (Reuters) - Fast-fashion group Shein committed to engage on issues including sustainability and ethical labour policies when it was allowed to join the British Retail Consortium (BRC), the head of the industry body told Reuters.
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Credit Agricole, Hermes, Whitbread

EUROPE RESEARCH ROUNDUP-Credit Agricole, Hermes, Whitbread June 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Credit Agricole, Hermes and Whitbread, on Wednesday. HIGHLIGHTS * Credit Agricole CAGR.PA : Jefferies raises to buy from hold * Flutter Entertainment Plc FLTRF.L : JP Morgan cuts target price to 20,700p from 21,300p * Hermes HRMS.PA : Barclays cuts target price to EUR 2320 from EUR 2410 * Renew Holdings Plc RNWH.L : Ber
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British Business - June 6

PRESS DIGEST-British Business - June 6 June 6 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Three British oil and gas companies, namely Jersey Oil and Gas JOG.L , Serica Energy SQZ.L and Neo Energy, have delayed a decision on a new development in the North Sea amid uncertainty over whether a potential UK Labour government would impose more punitive windfall taxes
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Financial Times - June 4

PRESS DIGEST- Financial Times - June 4 June 4 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - M&S chief awarded 4.7 mln stg pay package amid retailer's turnaround - StanChart's Iran transactions subject of fresh whistleblower claims - Former Melrose executives take major share of 180 mln stg bonus pot - Demand for private healthcare hits record high in UK Overview - Marks and Spencer's
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UK supermarket sales set for Euro 2024 fillip, says NIQ

UK supermarket sales set for Euro 2024 fillip, says NIQ UK supermarket sales up 3.3% in 4 weeks to May 18 -NIQ Ocado, Lidl and M&S are UK's fastest growing grocers Nearly half of UK households interested in Euro 2024 LONDON, May 31 (Reuters) - The return of some warm weather in May helped drive sales growth at British supermarkets and they are set for a boost from the upcoming Euro 2024 soccer championship, according to industry data published on Friday.
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