- Reuters
UPDATE 2-Ocado pay policy opposed by 19% of votes cast at annual meeting
Some 19% of votes cast at Ocado's annual shareholder meeting on Monday opposed the online grocer and technology group's proposed new pay policy that could see boss Tim Steiner pick up a bonus share award of up to 15 million pounds ($19 million). The FTSE 100 group, which sells its robotic technology to retailers around the world and also has an online supermarket joint venture with Marks & Spencer, put forward a new remuneration policy and performance share plan as its previous scheme comes to an end this year. According to a stock market filing from Ocado, 19.43% of votes cast at the meeting opposed the remuneration policy and 19.38% of votes cast opposed the group's 2024 performance share plan.
- Reuters
UPDATE 2-European shares end higher on financials boost; Rubis shimmers
Europe's STOXX 600 ended a choppy session at a record closing high on Tuesday, driven primarily by banks, while French liquid products distributor Rubis marked its best day in over three decades. The benchmark index was on course to end a second straight quarter with gains in the holiday-shortened week, up 6.7% so far, underscored by central bankers signalling rate cuts this year and a surge in tech stocks due to excitement over artificial intelligence.
- Benzinga
Following Roomba Acquisition, Amazon Eyes London's Ocado for Next Major Tech Investment
Amazon.Com, Inc (NASDAQ: AMZN) and several other techs "heavyweights" weighed a bid worth 800p per share for Ocado Group PLC (OTC: OCDDY) (OTC: OCDGF). Ocado builds robots and software that help deliver groceries online. "A deeper consideration of the strategic logic and the actual likelihood of an official takeover approach will have to wait for more details," Bloomberg cites Jefferies analyst Giles Thorne. Jefferies has had a hold recommendation on Ocado since at least December 2021. Shares ou
