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Ocado confirms ongoing CEO succession planning amid growth and profitability efforts

Market News
22 Jun 2026
Proactive Investors
View Source
Neutral
pluang ai news

Ocado Group has acknowledged it is actively engaged in long-term succession planning for founder and CEO Tim Steiner, following media speculation. The company confirmed it regularly considers potential candidates but did not specify any names or timelines. This comes as Ocado aims to boost profitability and expand its technology division, highlighted by a recent partnership with Asda and job cuts earlier this year. The succession planning marks a strategic step as Ocado transitions from online grocery to a tech supplier for global supermarkets.

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FLSmidth repurchases 62,200 shares under its DKK 1 billion buy-back program in June 2026

FLSmidth repurchases 62,200 shares under its DKK 1 billion buy-back program in June 2026

FLSmidth & Co. A/S continued its share buy-back program initiated on 18 May 2026, repurchasing 62,200 shares between 15 and 19 June 2026 at an average price around DKK 508-514 per share. The total value of these transactions was approximately DKK 31 ...

Company Fundamentals
Neutral
1 hour ago
Carbios announces new joint venture to build first PET biorecycling plant in China

Carbios announces new joint venture to build first PET biorecycling plant in China

Carbios held its Annual General Meeting on June 18, 2026, where shareholders approved all resolutions with over 87% support. The company announced a joint venture with Wankai to form Kaibio Biotechnology Co. Ltd, which will build and operate the firs...

Company Fundamentals
Bullish
1 hour ago
Carbios approves all AGM resolutions and announces joint venture for PET biorecycling plant in China

Carbios approves all AGM resolutions and announces joint venture for PET biorecycling plant in China

Carbios held its Annual General Meeting on June 18, 2026, with 27.72% shareholder participation. All resolutions were approved with over 87% support. The company announced the creation of Kaibio Biotechnology Co. Ltd, a joint venture with Wankai to b...

Company Fundamentals
Bullish
1 hour ago
Global smart greenhouse market to hit $5.75B by 2035, driven by climate-resilient farming and AI tech.

Global smart greenhouse market to hit $5.75B by 2035, driven by climate-resilient farming and AI tech.

The global smart greenhouse market, valued at $2.3 billion in 2025, is projected to grow to $5.75 billion by 2035 with a CAGR of 9.72%. Growth is fueled by rising demand for climate-resilient agriculture, AI-powered crop optimization, and sustainable...

Market News
Bullish
3 hours ago
Ethereum price remains near March 2021 levels at $1,731 amid key support and resistance tests.

Ethereum price remains near March 2021 levels at $1,731 amid key support and resistance tests.

Ethereum (ETH) is trading around $1,731, close to its March 2021 price, showing no net gains over five years despite high volatility. Key technical levels include $1,700 as critical support and $1,960 as immediate resistance, with bulls targeting $2,...

Technical Signals
Neutral
4 hours ago
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