Head of Ocado, Tim Steiner, said Waitrose boss, Mark Price, has given him the cold shoulder after the online grocer made a deal with rival Morrison Supermarkets, The Telegraph reported. [Yesterday 13:55]
The Telegraph says that Waitrose head Mark Price is refusing to meet with Ocado chief Tim Steiner after the online grocery group agreed to help rival Morrison develop an online shopping website. [Yesterday 06:54]
Shares in Morrison were falling sharply after UBS confirmed that it had placed around 100m shares in the supermarket stock on behalf of an institutional seller at 280p each, well below yesterday's closing price of 289.30p. [Wed 14:58]
Banks were making a strong rise after UBS lifted its rating for the global banking sector from 'underweight' to 'overweight', saying that the operating environment is beginning to improve. In a research report titled 'Post-crisis banking', UBS said that the tone of its Global FID conference earlier this week was "neutral to slightly positive" and banks are starting to see "improving bottom-up trends". RBS led the risers, with Lloyds close behind. [17 May '13]
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