Upscale Internet grocer Ocado serves more than 13.5 million tech-savvy, time-pressed households in Greater London, Hertfordshire, Kent, the Midlands, Surrey, North West, and now the South Coast.
Launched by three former Goldman Sachs bankers in 2002, Ocado delivers groceries in Mercedes vans from its supermarket partner John Lewis Partnership-owned Waitrose Limited, which owns about 30% of the company, to the customer's doorstep. Other Ocado investors include the company's directors, who control 25% of the company.
The average Ocado order tops about £100, a relatively high price, but the company's ability to turn a profit is still erratic. The Internet grocer has postponed delivery of a planned IPO.
Synthethic Genomics, ExxonMobil to develop algae biofuels United States
Synthetic Genomics Inc announced a new co-funded research agreement with ExxonMobil to develop algae biofuels from strains with significantly improved production characteristics by employing synthetic genomic science and technology.
Cesium findings in eel coverup reported Japan
A scientist has admitted having detected radioactive cesium in eels caught in a boundary river between the Tokyo and Chiba prefectures but claims local governments took no action for nearly two months despite having informed authorities promptly.
Fish exports may generate USD 500mln by 2015 Sri Lanka
Sri Lanka is working on increasing its deep sea fishing efforts and doubling fish exports between now and 2015 and to achieve this goal, it will be using new vessels from Japan and China,
EC warns Faroe Islands of impending sanctions European Union
The European Commission has notified the Faroe Islands that it plans to take steps, including closing off fishing ports, to support the sustainability of herring fisheries shared between the two parties.
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