The bulk of the issue rests with its Marks & Spencer joint venture, Ocado Retail. Betting: Ocado shares are among the most shorted London-listed stocksFailure to meet targets is at the centre of a payment dispute with Marks & Spencer, further undermining faith in the Hatfield-based company. In its full-year results, Ocado acknowledged that the joint venture did not attain the goals required to automatically receive the final payment. Dispute: Ocado is in a payment dispute with its joint venture partner Marks & SpencerLawson-Johns says the fight had been an 'unwelcome distraction' for Ocado, given shareholders' impatience with the business. After peaking at 2,914 pence in September 2020, Ocado shares have since tumbled to just 404p as the retailer has accumulated vast losses.

Source: Daily Mail May 30, 2024 12:01 UTC