Blog: Dean BestOcado float admission raises eyebrows

Dean Best | 17 June 2009

Today's (17 June) admission from Ocado, the UK online food retailer, that is aiming to float on the stock exchange next year came as a surprise.

Ocado has already proved an attractive investment for at least industry player, Procter & Gamble, which bought a stake in the business last year.

However, Ocado operates in a buoyant channel but it is facing fierce competition from the likes of Tesco and Sainsbury's and is yet to turn a profit.

What's more, one of the company's founders, Jason Gissing, is reported, in the not-too-distant past, to have been opposed to a possible float.

According to The Times, Gissing said last year: "I would rather shoot myself than be FD of a listed company. I didn’t start Ocado to sit in a room full of suits and have them abuse me about quarterly earnings.”


BLOG

Nestle announces changes to senior team with new CEO on horizon

Nestle, set to welcome a new CEO on 1 January, has announced more changes to the make-up of its senior management team....

BLOG

Blue Bell Creameries involved in another safety scare

Blue Bell Creameries is trying to win back the trust of consumers after a fatal listeriosis outbreak last year was linked to its products - but in recent days the US ice cream maker has issued another...

BLOG

Hain Celestial's Orchard House deal waved through

The UK's competition regulator has given the all-clear to Hain Celestial's bid to buy UK food and beverage group Orchard House Foods, nine months after the US group announced the deal....

BLOG

Hershey's unusual move to share sales data

Hershey made an unusual announcement today (20 September), sharing its own sales data for the last four weeks to assuage any possible investor concern over figures released by Nielsen....

just-food homepage



Forgot your password?