MARKET REPORT:Shares at Ocado soar by 7.3 per cent amid reports it's about to make a deal with Swedish retailer
Online grocer Ocado soared to the top of the FTSE 250 amid rumours it had finally inked a deal with a major foreign retailer.
Shares jumped 7.3 per cent or 17.5p to 256.2p off the back of reports it is about to strike a deal with Swedish retailer ICA Gruppen.
The speculation was welcomed by starved investors, who have been pushing for the grocer to sell its warehouse technology to a major overseas player as it fights off increased competition from Amazon Fresh.
Shares in the grocer have also fallen almost 20 per cent in the past four weeks after market research from research firm Kantar... read more
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