Business
Ocado Targets Profitability in 2026 After Investor Frustration

Ocado has announced its goal to achieve profitability by the next financial year, starting in December 2025, following a robust first half of the year. This statement comes as investors express growing frustration after years of the company operating at a loss. The online supermarket, known for its joint venture with M&S and its innovative robotic warehouse technology, has not yet reached the expected cash flow positive status.
In its first-half update, Ocado reported a remarkable 76.5 percent increase in underlying earnings for the six months ending June 1, 2025. The majority of this growth stemmed from its technology division, which saw adjusted EBITDA rise to £91.8 million, up from £52 million in the same period the previous year. Overall revenue increased by 13.2 percent to £674 million.
Investor Sentiment and Market Performance
Despite the positive earnings report, Ocado’s shares have lost approximately 90 percent of their value over the past five years. The company’s retail operations, while growing quickly, still represent a small fraction of the overall market. Investors have been banking on the success of Ocado’s technology, which has bolstered its market value, but the retail segment’s slow progress has dampened enthusiasm.
Following the earnings announcement, Ocado’s stock surged nearly 11 percent to 261.4 pence, though it remains down 26.4 percent over the last year. Analysts note that the company’s largest US partner, Kroger, has been cautious with its rollout of automated warehouses, while its Canadian partner, Sobeys, has paused plans for a fourth warehouse.
Mark Crouch, a market analyst for eToro, remarked that investor patience is wearing thin. He stated, “Ocado continues to test the limits of investor patience. Once viewed as a pioneer in grocery logistics, the company’s downward spiral has become a case study in hype over substance.” Crouch commented that while management’s goal of achieving cash flow positivity by next year is encouraging, it follows several years of unmet expectations.
Future Prospects and Operational Changes
Ocado’s Chief Executive Officer, Tim Steiner, emphasized the company’s commitment to cash flow positive operations in the upcoming financial year. He noted that the Technology Solutions division has more than doubled its EBITDA, and that liquidity remains strong, exceeding £1 billion.
“Our focus remains on turning cash flow positive during FY26, supported by continued growth with our partners and cost discipline across the business,” Steiner stated. Although the full-year guidance has not changed, the company faces mounting scrutiny regarding its ability to convert its advanced technology into sustainable financial performance.
The tie-up with M&S continues to provide stability, but analysts question whether Ocado’s primary business model can sustain profitable growth in the long term. Investors are now left to consider whether the company can effectively leverage its technological advancements to yield consistent financial results.
As Ocado aims to navigate these challenges, its future performance will be closely monitored by investors and analysts alike, who remain cautiously optimistic about the company’s potential turnaround.
Business
UK Airports Brace for Summer Surge as New Travel Rules Take Effect

This weekend marks the beginning of the summer travel season in the UK, with airports anticipating their busiest days of 2025. More than 9,000 flights are scheduled to transport up to 1.7 million passengers abroad. As travel resumes, airlines and airports have made efforts to enhance the travel experience, although changes to luggage allowances, security measures, and border procedures could impact holidaymakers.
One of the most significant changes involves the longstanding 100ml limit on liquids in hand luggage, a regulation that has been in place since 2006. Despite some airports, like Edinburgh and Birmingham, allowing containers of up to two litres through security, the majority of UK airports maintain the 100ml restriction. Transport Secretary Heidi Alexander advised travelers to adhere to this guideline, stating, “You should work on the basis that it is 100ml at the moment unless you have heard from your airport otherwise.”
Security Updates and Cabin Bag Regulations
While upgraded CT scanners at many airports allow passengers to keep laptops and other electronics in their bags, the 100ml liquid limit remains enforced. For instance, at London Gatwick, all security lanes are equipped with CT scanners, yet passengers must still comply with the liquid restrictions.
Carry-on bag dimensions have also become a point of contention as airlines implement varied rules. The regulations for “large” cabin bags, typically charging for wheelie suitcases, remain unchanged. However, a new EU minimum size for small cabin bags has been established at 40cm by 30cm by 15cm, allowing frequent travelers to select a universally accepted bag. Airlines like easyJet already accommodate more generous dimensions, while Ryanair plans to adjust its limits from 40 x 25 x 20cm to 40 x 30 x 20cm in the coming weeks.
Travelers should be cautious, as exceeding these dimensions can lead to hefty fees, such as £60 for Ryanair. The airline association Airlines for Europe has indicated that its members will comply with these new regulations by the end of the 2025 summer season, but larger personal items may still be permitted at individual airline discretion.
Border Regulations and Potential Delays
As UK travelers head to Europe, they may encounter slower processing times at border controls. Since May, an agreement has facilitated the use of e-gates for UK passengers in some EU countries. However, many travelers will continue to go through staffed border posts until the European Union’s new entry-exit system, EES, is implemented in October 2025. This system will require biometric data from travelers on their first visit, utilizing facial recognition technology for border crossings.
Starting in mid-2026, UK visitors will also need a European Travel Information and Authorisation System visa waiver to enter the EU, which will cost €7 (approximately £6). This is a more favorable fee than the £16 charged to enter the UK via its electronic travel authorization.
The travel industry’s recovery from the post-Covid boom has prompted a focus on improved staffing and operational resilience. Airlines are increasingly incorporating AI technology to better manage disruptions and predict potential issues. Despite these advancements, air traffic control remains a challenge, with record flight numbers anticipated and growing congestion in European airspace.
Airlines such as easyJet, Ryanair, and British Airways cite air traffic control delays as their primary concern. In response, British Airways has introduced a new system to automatically provide refreshments to passengers delayed at Heathrow. EasyJet has also enhanced customer support by adding airport customer experience specialists, branded as “Aces,” at prominent hubs.
As travel ramps up this summer, passengers are urged to remain informed about the evolving regulations and prepare for potential delays at security and border control points. With careful planning and adherence to guidelines, travelers can navigate the busy season with greater ease.
Business
Pension Mistakes Could Cost You £22,500 in Retirement Savings

Pension experts are warning that a simple oversight could result in a loss of up to £22,500 during retirement. Individuals planning to withdraw funds from their pension while still contributing need to understand the implications of the annual allowance, as highlighted by the Money and Pensions Service (MaPS).
Starting from the age of 55, individuals can withdraw up to 25 percent of their pension pot tax-free, provided they do so in lump sums. However, a crucial caveat exists. If individuals begin drawing money from their pension while still contributing, their annual allowance could significantly decrease.
According to Rebecca Fearnley from MaPS, “If you want to start taking an income from your pension – for example, an annuity or drawdown – on top of your tax-free cash, your annual allowance could drop significantly.” The standard annual allowance is currently £60,000, but it diminishes to £10,000 once individuals access their pension while still making contributions. This reduction can lead to substantial tax implications, potentially resulting in a tax bill of £10,000 for basic rate taxpayers, and even £20,000 or £22,500 for higher and additional rate taxpayers, respectively.
The head of retirement analysis at Hargreaves Lansdown, Helen Morrissey, emphasized the importance of understanding these rules. She stated, “This rule can land you with a nasty unexpected tax bill if you are caught unawares.” This issue is particularly pertinent for individuals who may have accessed their pension flexibility during periods of unemployment, only to find themselves wishing to rebuild their savings once they secure new employment.
Understanding the Annual Allowance
The annual allowance refers to the maximum amount individuals can save in their pension pots within a tax year, which runs from April 6 to April 5, before incurring tax. For those who exceed the allowance, the consequences can be significant.
It is important to note that this annual allowance applies collectively to all private pensions, meaning that taking a lump sum from one pot can affect contributions across multiple accounts. Once a lump sum is withdrawn, the annual allowance decreases to £10,000, which may not be suitable for those looking to continue growing their retirement savings.
Options for Withdrawing Pension Funds
Individuals are permitted to withdraw up to 25 percent of their total pension as a tax-free lump sum, usually starting at age 55. The maximum amount that can be withdrawn in this manner is £268,275. There are multiple avenues for accessing pension funds, including direct cash withdrawals from the pension pot or purchasing an annuity from an insurance provider, which would yield regular payments throughout retirement.
Annuities vary in terms of duration and payout structure, with some continuing to pay benefits to a spouse or partner after the policyholder’s death. The specifics of these payments depend on factors such as age, health, and prevailing interest rates, making it essential for individuals to consult with their pension provider to understand the best options available.
Another option is the drawdown method, which allows individuals to withdraw funds from their pension pot while keeping the remainder invested. This method provides flexibility in receiving pension income, enabling retirees to take a tax-free lump sum while allowing their investments to grow. However, it is crucial to recognize that investment values can fluctuate, potentially leading to a depletion of funds.
For further information regarding pension withdrawals and annual allowances, individuals can visit MoneyHelper.org.uk or consult their pension providers directly. Understanding these regulations can help ensure that retirement savings are maximized and unexpected tax burdens are avoided.
Business
Reckitt Sells Cillit Bang and Air Wick to Advent for $4.8 Billion

Consumer goods company Reckitt Benckiser has announced the sale of its Essential Home business, which includes well-known brands such as Cillit Bang and Air Wick, to private equity firm Advent International for an enterprise value of up to $4.8 billion. This strategic move, revealed on July 18, 2025, is part of Reckitt’s ongoing effort to streamline operations and concentrate on its core areas of business.
The decision to divest Essential Home aligns with Reckitt’s efficiency drive initiated earlier this year, which aims to enhance focus on its primary health and hygiene brands. The Essential Home unit operates in more than 70 markets across various segments, including air care, surface cleaning, pest control, and laundry products, generating approximately £2 billion in net revenue in 2024. Alongside the sale, Reckitt will retain a 30 percent stake in the business.
Financial Details and Future Outlook
The transaction, valued at 7.7 times Essential Home’s unaudited adjusted operating profit from the previous year, includes up to $1.3 billion in contingent and deferred considerations. Reckitt anticipates incurring costs of around $800 million associated with the sale, with the majority of these expenses expected to be payable in 2026. The deal is anticipated to finalize by the end of 2025.
In a statement, Reckitt’s CEO, Kris Licht, expressed confidence in the strategic direction of the company. “We are executing our strategic plan at pace. The divestment of Essential Home represents a significant step forward in unlocking the substantial value in our business,” he stated. Licht highlighted that this move would enable Reckitt to concentrate on a core portfolio of high-growth, high-margin brands.
Reckitt’s shareholders are set to benefit from a $2.2 billion special dividend, in addition to the ongoing share buyback program, further enhancing investor returns.
Advent’s Ambitions and Market Position
Advent International’s managing partner, Ranjan Sen, emphasized the potential of the Essential Home brands. He stated that the acquisition presents “a unique opportunity to create a focused, scaled platform of globally recognized home care brands that operate in attractive categories with structural growth tailwinds.” This perspective suggests Advent’s commitment to expanding the reach and effectiveness of these brands in the global market.
As Reckitt shifts its focus towards its healthcare and hygiene brands, the divestment of Essential Home marks a significant transition in the company’s strategy. The ongoing exploration of options for other divisions, including Mead Johnson Nutrition, reflects Reckitt’s intent to refine its operational focus and enhance overall business efficiency.
This transaction signifies a pivotal moment for Reckitt as it navigates an evolving consumer landscape, aiming to bolster its position as a leader in the health and hygiene sector while capitalizing on value enhancement opportunities through strategic partnerships and divestments.
Business
Enjoy Pet Perks Without the Costs: Three Affordable Options

Spending time with animals can significantly enhance well-being by reducing stress and alleviating feelings of loneliness. While owning a cat or dog provides these benefits, the financial burden of pet ownership—ranging from food to veterinary care—can amount to thousands of pounds each year. Fortunately, there are alternative ways to experience the joys of pet companionship without the associated costs.
Explore Cat Cafés
Cat cafés have gained popularity across various countries, offering a unique blend of relaxation and interaction with feline friends. Patrons can enjoy a cup of coffee and a slice of cake while spending quality time with cats. Each establishment operates slightly differently, often requiring advance bookings and an entrance fee for a timed visit. In many cases, this fee may include a complimentary drink, though additional purchases might be necessary.
While cat cafés are becoming more common, dog cafés, though rarer, can also be found in cities such as London and Newcastle. These venues provide a similar experience for dog lovers who wish to connect with canines in a social setting.
Volunteer for Local Animal Charities
Volunteering offers a meaningful way to engage with pets while supporting those in need. The charity Cinnamon Trust seeks volunteers to assist elderly or terminally ill individuals by caring for their pets. Tasks may include walking dogs, fostering animals when their owners are hospitalized, or simply providing companionship by brushing cats and changing litter trays. Interested individuals can sign up online at cinnamon.org.uk.
Additionally, the Dogs Trust often recruits off-site dog walking volunteers. By becoming involved with such organizations, volunteers can make a significant impact in their communities while enjoying the company of animals.
Borrow a Dog
Another innovative option is to borrow a dog through websites like borrowmydoggy.com. This platform connects dog owners with individuals looking to help care for their pets. Users must create a profile detailing any relevant information, such as whether they have children or adequate space for a dog, and indicate their availability.
To communicate with dog owners in their area, users need to become premium members, which costs £12.99 per year. This membership also entails undergoing safety checks to ensure a secure experience for all parties involved. By utilizing resources like this, animal enthusiasts can enjoy the companionship of dogs without the long-term commitment of ownership.
These alternatives allow individuals to experience the joys of pet companionship while mitigating the financial responsibilities associated with pet ownership. Engaging with animals through cafés, volunteering, or borrowing can provide emotional benefits and a sense of community connection.
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