business news in context, analysis with attitude

•  Saying that its sales during the first half of 2020 were up 27 percent compared to a year earlier, Ocado CEO Tim Steiner told the BBC yesterday that "the world as we know it has changed … As a result of Covid-19, we have seen years of growth in the online grocery market condensed into a matter of months; and we won't be going back.

"We are confident that accelerated growth in the online channel will continue, leading to a permanent redrawing of the landscape of the grocery industry worldwide."

The BBC quotes Steiner as saying that "Ocado was now the fastest growing grocer in the UK, thanks to a 50/50 partnership with Marks and Spencer announced last year.  As part of the deal, which saw M&S take a half-share in Ocado's retail business, Ocado will start delivering M&S grocery products from September, when its current deal with Waitrose expires."