“Fresh concerns” have been raised over the financial security of Ocado, writes the Sunday Times. The newspaper reports that the £200 million spent on a distribution centre, could force Ocado to breach its debt arrangements. However, a source said Ocado’s existing facilities “provide sufficient funding for
the foreseeable future”.
There are also fears that Morrisons could be forced to issue a profits warning early next year if trade doesn’t pick up, reports the Express‘s City column. One retail expert told the newspaper: “Morrisons is at the receiving end of Tesco, Asda and the discounters, who are outstripping it in terms of growth and promotions”.
According to the Telegraph, apparel detailed ASOS is facing pressure from angry shareholders over the financial package for its new chairman, Brian McBride. McBride’s contract potentially entitles him to a £300,000 payout in the event of a takeover of ASOS, notes the article.
PhotoBox, the personalised products etailer that acquired Moonpig last year has launched its website in Australia.
Did Party Pieces use James Bond logos without permission? The Daily Mail takes a look.
Tonight’s BBC Inside Out programme talks to victims of a mail order scam.
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