“Banking is much less attractive as a business [now]. Much more capital is needed, there’s tougher regulation, a collapse in margins through low interest rates, [plus] technology and competition challenges,” Sir Philip adds. “You need either real scale or something very distinctive … like so many businesses, they need to […]
Supermarket
British online supermarket Ocado acquires two U.S. robotics start-ups
A robotic arm developed by Haddington Dynamics. Haddington Dynamics LONDON — Ocado, a British online supermarket, announced Monday that it has acquired two robotics companies in the U.S. as it seeks to make its warehouses more efficient. The company, which also raised its full-year profit forecast, said it has agreed […]
40 Supermarket Buys That Are a Waste of Money
Households across the nation have been pummeled by the COVID-19 pandemic, with income loss and food insecurity being widely felt consequently. According to U.S census data, 26 million adults (or 10.8% of all adults in the country) reported that their household sometimes or often didn’t have enough to eat in […]