(Reuters) -Shares in British online supermarket and technology group Ocado slumped on Tuesday after U.S. partner Kroger said it would close three automated warehouses in January, dealing a heavy blow to the Ocado investment story. Ocado stock closed down 17.4% as the group also said its fee revenue would fall by about $50 million next year as a result of the closures, extending 2025 losses for the shares to 40.5%. Kroger, which in September signalled a potential retreat from investment in automated warehouses, said it had decided to close the sites because they had not met financial expectations.
WMT names John Furner as its next CEO after Doug McMillon's planned 2026 retirement, prompting an early but easing market reaction.
Tesco’s stock continues to attract attention as analysts hold their fair value target steady at £4.70 per share, while making only small tweaks to their underlying assumptions. A slightly higher discount rate signals a modest uptick in perceived risk. However, the fundamentals of the investment case remain stable. Stay tuned to see how you can follow these shifts in sentiment and keep current with Tesco's evolving story. Stay updated as the Fair Value for Tesco shifts by adding it to your...
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Pacvue now supports the UK’s #1 grocer through an integration with Epsilon Retail Media, enabling brands to manage campaigns within one platformLOS ANGELES, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Pacvue, the industry's first AI-powered Commerce Operating System, announced today a new partnership with Tesco Media, to enhance retail media activation. Through an integration with Epsilon Retail Media, brands can now activate, optimize and measure sponsored product campaigns on Tesco directly within Pacvu
We recently published 12 Latest Stocks on Jim Cramer’s Radar . Diageo plc (NYSE:DEO) is one of the stocks Jim Cramer recently discussed. After co-host Carl Quintanilla mentioned alcoholic beverages firm Diageo plc (NYSE:DEO), it was unsurprising that Cramer wasn’t optimistic about the firm. The CNBC TV host has repeatedly discussed the troubles in the […]
Farmers have claimed that a net zero feed championed by Tesco and Morrisons is poisoning their cattle.
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The move concludes the Guinness and Johnnie Walker owner’s search for a successor following Debra Crew’s departure in July.
STORY: Diageo appointed former Tesco boss Dave Lewis as its CEO on Monday (November 10).It ends a months-long search for the world's largest spirts maker.It has turned to an outsider to steer it through a challenging period for the drinks industry.60-year-old Lewis will join Diageo at the start of next year and will be tasked with turning around the Johnnie Walker whisky and Guinness beer maker.Last week it downgraded its sales and profit outlook for fiscal 2026.While its shares are around a near decade low.But they jumped 7% on news of Lewis' appointment and were headed for their biggest one-day percentage gain in five years.Lewis was CEO of UK supermarket group Tesco for six years, before leaving in 2020.He also spent three decades at consumer giant Unilever.There he earned the nickname "Drastic Dave" after fixing businesses through cost-cutting and innovative marketing.He left Tesco after transforming the UK's largest supermarket group and reinforcing its position as the clear market leader.
Dave Lewis will join the alcohol giant as the company struggles to turn around a slowdown in sales.
Sir Dave Lewis will take the helm at Diageo on January 1, replacing interim chief executive Nik Jhangiani.
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Diageo, the maker of Guinness beer and Smirnoff vodka, announced Monday a new chief executive as it seeks to improve performance hit partly by US President Donald Trump's tariffs.While no reason was given for Crew's departure after two years in the top job, Diageo had experienced a tough trading environment and announced in May that it faced a financial hit from Trump's tariffs onslaught. bcp/aks/rmb
A former Tesco boss with a reputation for cost-cutting will take the reins of the drinks giant behind Guinness following months of uncertainty.
Former Tesco boss Sir Dave Lewis is to become the new chief executive of Diageo, the struggling FTSE 100 drinks giant. The world's largest spirits maker, which counts Guinness and Johnnie Walker whisky among its stable of brands, said he would assume the role in January. The search for a new boss began in July when Debra Crew was effectively ousted after two years in charge.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION LONDON, UK / ACCESS Newswire / November 10, 2025 / The Board of Directors of Diageo plc ("Diageo") has today appointed Sir Dave Lewis to the role of Chief Executive Officer and Executive Director, effective ...
Plans for a giant cable factory in Scotland have been put on hold after Ed Miliband blocked an undersea energy project linking the UK to Morocco.
A basket of 70 groceries costs £120.38 at the discount retailer
Natures Way Foods supplies UK retailers such as Tesco, Aldi, and Morrisons, along with foodservice customers.