Ocado’s chief executive refused to be drawn on speculation it is close to signing a deal with Marks & Spencer, as the online grocer reported a year of widening losses after it was knocked by investment costs. Ocado’s chief executive refused to be drawn on speculation it is close to signing a deal with Marks & Spencer, as the online grocer reported a year of widening losses after it was knocked by investment costs. The group reported a pre-tax loss of £44.4 million in the year to December 2, which compares to an £8.3 million loss the previous year. The results come as Ocado is mooted to be in talks with M&S to ink a food delivery deal. If the M&S deal goes ahead, it will be the latest in a long line of tie-ups the firm has announced.

Source: Irish Independent February 05, 2019 07:41 UTC