Ocado CEO Tim Steiner said his company is benefitting from a resumption in online grocery buying. Consumers have gone back to eGrocery following a post-pandemic rise in brick-and-mortar buying, Steiner told Bloomberg Tuesday (July 16) after the grocery technology company reported earnings showing it nearly...
Earnings season is in full swing, as big banks – specifically, JPMorgan and Citigroup – helped sway the fortunes of the CE 100 Index. The Index was up 1.3% for the week, as the bank earnings detailed relative strength in consumer spending, though company management...
There were no fireworks in terms of overall performance, but through a holiday-shortened trading week, the CE 100 Index was 1.4% higher. Tesla’s the Standout Tesla shares gained 27.1%, in what might arguably be called the “firecracker” of the past several trading days, propelling the...
The CE 100 Index was 0.5% higher this past week, boosted by the fortunes of the “Have Fun” group, which jumped 3.3%. Within that segment, DraftKings surged 7.9% and Flutter Entertainment was 6.2% higher. DraftKings rebounded from volatile trading seen in recent weeks in the...
July 29, 2024
Excitement over artificial intelligence (AI) helped drive Coursera shares (and results) significantly higher this past week, while earnings began to trickle in for the CE 100 Index — and the deluge of quarterly reports begins in earnest. Coursera shares leaped 49%, leading the Work segment 2.7% higher. The earnings results showed the company […]
July 15, 2024
Earnings season is in full swing, as big banks – specifically, JPMorgan and Citigroup – helped sway the fortunes of the CE 100 Index. The Index was up 1.3% for...
July 08, 2024
There were no fireworks in terms of overall performance, but through a holiday-shortened trading week, the CE 100 Index was 1.4% higher. Tesla’s the Standout Tesla shares gained 27.1%, in...
June 24, 2024
The CE 100 Index was 0.5% higher this past week, boosted by the fortunes of the “Have Fun” group, which jumped 3.3%. Within that segment, DraftKings surged 7.9% and Flutter...
July 16, 2024
Ocado CEO Tim Steiner said his company is benefitting from a resumption in online grocery buying. Consumers have gone back to eGrocery following a post-pandemic rise in brick-and-mortar buying, Steiner told Bloomberg Tuesday (July 16) after the grocery technology company reported earnings showing it nearly halved its losses. “This whole idea that customers deserted online […]
December 02, 2022
Ocado will pause the construction of more automated distribution centers in the U.K. In a recent presentation to analysts, the U.K.-based online grocer said the opening of two new customer...
July 21, 2022
Customers are reducing their use of delivery for online grocery shopping orders, prompting Ocado to consider a shift in expansion plans for the service in the U.K. Ocado CEO Tim Steiner said the recent...
November 02, 2020
Ocado, a U.K.-based online grocery, is heightening its automation drive by acquiring two robotics companies. Owning Kindred Systems of San Francisco and Haddington Dynamics of Las Vegas will help Ocado...
