On the money: Ocado Q3 garners mixed analyst reaction
By Michelle Russell | 20 September 2012
UK online food retailer Ocado's third-quarter results have garnered a mixed reaction from analysts.
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UK online food retailer Ocado's third-quarter results have garnered a mixed reaction from analysts.
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Editor's choice: the highlights on just-food last week
Morrisons last week announced firmer plans for an online food service - and the UK retailer could join forces with specialist Ocado. Larger rival Tesco, meanwhile, launched its own price-comparison scheme to lure in customers. Tesco, however, attracted more headlines on horsemeat with another recall. On a separate note, an Irish meat firm was said to know its beef was contaminated a year ago. Dole Food Co., Chiquita and Diamond Foods were among companies announcing results and, on the M&A front, UK firm Burton's Biscuit Co. could soon be up for grabs.
Talking shop: Morrisons core issues persist
Morrisons' announcement that it is planning to launch an online grocery offering this year dominated the headlines in the wake of the group's full-year results. While the news is certainly of strategic significance for the UK's fourth-largest retailer, it should not overshadow ongoing problems that the firm is having in its core business.
On the money: Morrisons firm on online grocery plans
UK grocer Morrisons has dismissed suggestions it has no definitive plan on how it will launch an online grocery offering, insisting that the "green light is on" for it to be up and running by February 2014.
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