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Ocado makes first pretax profit, targets overseas deal

2015-02-03 13:14:54| Grocery - Topix.net

British online grocer Ocado reported an annual pretax profit for the first time in its 15 year history on Tuesday and said it aimed this year to seal its first technology deal with an overseas retailer. Ocado, founded by three former Goldman Sachs bankers in 2000, has divided analysts like few other stocks, with some viewing its door-step deliveries from giant distribution centres as the future of grocery shopping and others seeing it as a costly and complicated venture that will never make much money.

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BP beats expectations on surprise Russian profit, stock jumps

2015-02-03 12:55:35| Oil & Gas - Topix.net

Oil major BP beat expectations for the fourth quarter of 2014 thanks to a surprise profit from its stake in Russian oil giant Rosneft while taking a $3.6 billion impairment charge and cutting spending due to low oil prices. The firm reported underlying replacement cost profit at $2.2 billion versus expectations of $1.5 billion.

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Ocado reports first annual profit

2015-02-03 12:09:59| Grocery - Topix.net

The company reported a pre-tax profit of A 7.2m last year on the back of a 20% jump in sales to A 948.9m. The company made a loss of A 12.5m in 2013.

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Ocado reports first annual profit

2015-02-03 11:45:15| BBC News | Business | UK Edition

Online grocer Ocado reports a full-year pre-tax profit for the first time since launching in 2000 as sales jump to almost 1bn.

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Lenovo profit falls 5 percent after Motorola acquisition

2015-02-03 06:05:46| IT Services - Topix.net

A winter storm is bringing its fury to the Northeast on Monday, causing the cancellation of flights, classes and major court cases a day after it dumped up to a foot-and-a-half of snow on the Chicago area and... Boston scrambled to dig out Monday from the second major winter storm in a week and delayed a celebratory Super Bowl parade, and forecasters from Philadelphia to Portland, Maine, warned that "flash freezing" could make... A San Diego man charged with running a revenge-porn site where people posted nude pictures of their exes has been convicted of more than two dozen felony charges.

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