Ocado is cutting costs and reshaping online grocery logistics as it secures new fulfilment deals and considers leadership changes in 2026.
A series of UK meadow projects shows biodiversity recovering where farmers cut hay annually rather than reseeding or ploughing. From Norfolk to the Cotswolds, fields host diverse wildflowers, insects and birds, highlighting nature-friendly farming as a viable path for resilience.
A round-up of fresh company updates shows mixed earnings across retailers and tech-adjacent firms. Pennon sees improving profit as storms and tariffs weigh on penalties; Mitie reports rising revenue and progress on strategy ahead of leadership change; S4 Capital trims job cuts while pursuing AI-driven growth; Debenhams, Macy’s, Ulta and Asda publish updates amid a churning retail landscape.
Ocado is facing questions over Tim Steiner’s pay and potential succession amid a slide in its share price to below its 2010 flotation level. The board is considering replacements as shareholders voice concerns over pay proportionality and performance.
Ocado has announced a planned leadership transition with co-founder and CEO Tim Steiner set to step down in 2028. A successor will be identified by the start of the 2028 financial year, with Steiner remaining as a founder adviser through 2029. The move follows pressure from shareholders after a slump in Ocado’s share price and ongoing restructuring.
Ocado has sealed a deal to build a large customer fulfilment centre for a fast-growing European national retailer. The automated site, due to go live in 2028, features Ocado’s robotics and new technology. The agreement follows a recent downturn in Ocado’s stock amid broader market weakness and signals rising demand for its automation solutions.