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M&S and Ocado in talks about joint venture

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Marks and Spencer (M&S) and Ocado have confirmed they are "in discussions" about a
Chief executive Tim Steiner said earlier this month that arrangement prevented it from supplying own label products from another leading UK grocery retailer.M&S said there was no certainty the discussions would result in any agreement.Shares in M&S were up 3% on the news while Ocado was up 10%.Currently Ocado has delivery deals with both Waitrose and Morrisons in the UK, as well as delivering its own branded goods.
Ocado
Companies
Marks & Spencer
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