Philip Dorgan

Ocado Transforms to Technology From Grocery With Morrison Deal

Ocado Group Plc Chief Executive Officer Tim Steiner today began to demonstrate to investors that his business is what he’s been telling them for the last three years: a technology company that also delivers groceries.

Dixons Says Profit at High End of Estimates on Sales Gain

Dixons Retail Plc, the U.K.’s largest consumer-electronics retailer, said it will report annual pretax profit at the “top end” of analysts’ predictions after fourth- quarter revenue beat estimates on increased sales of tablets and services such as software tutorials.

Ocado Surges to Two-Year High as Goldman Raises Stock to Buy

Ocado Group Plc, the U.K.’s largest online-only grocer, jumped to the highest in more than two years in London trading after Goldman Sachs Group Inc. raised the stock to buy, saying sales growth is set to accelerate.

Morrison Faces Second Year of Falling Same-Store Sales, CEO Says

William Morrison Supermarkets Plc faces a second year of declining same-store revenue as a lack of convenience stores and the absence of an online grocery business hampers progress, Chief Executive Officer Dalton Philips said.

Sainsbury Profit Gains as Grocer Outstrips Main Competitors

J Sainsbury Plc, the U.K.’s third- largest supermarket company, outstripped its main competitors with a gain in annual profit that beat estimates as a price- matching campaign helped boost its share of the market.

Home Retail Surges as Sales Beat Estimates on Demand for Tablets

Home Retail Group Plc rose the most in 20 months after sales beat expectations at Homebase home- improvement stores and the Argos catalog chain in the last two months of the fiscal year.

Tesco Calls End to Space Race as Grocer Banks on Smartphones

Tesco Plc Chief Executive Officer Phil Clarke’s decision to open fewer big supermarkets in the U.K. marks the end of a space race that has defined the country’s largest retailer for the past two decades, leaving online sales as his next frontier for growth.

Home Retail Surges on Surprise Boost From Argos: London Mover

Home Retail Group Plc, the owner of U.K. chains Argos and Homebase, rose to the highest price in 17 months after saying that accelerating sales growth at Argos over the holidays means full-year earnings will beat estimates.

Tesco Full-Year Profit Rises Less Than Estimated as Quarterly Sales Drop

Tesco Plc , the U.K.’s largest supermarket company, reported full-year earnings that missed analysts’ estimates and said it expects the domestic market to remain “challenging” after a drop in fourth-quarter sales.

Tesco to Step Up International, China Expansion as Domestic Share Plateaus

Tesco Plc, the U.K.’s largest retailer, plans to make China a central part of an accelerated international expansion plan to fuel sales growth as its share of the domestic grocery market plateaus.

"We do not think that Ocado's technology and warehouse capabilities have global appeal to other food retailers, nor could they be easily transferred to other retail categories."

- Philip Dorgan on May 17, 2013

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Yen Strengthens as Silver Declines; European Stocks Reverse Gain

Gold Bear Bets Reach Record as Soros Cuts Holdings: Commodities

Yahoo to Unveil Flickr Updates Amid Tumblr Purchase Talk

North Korea Test Fires Six Missiles in Three Days Off Its Coast

Asia Stocks Head for Highest Close in Nearly Five Years