Jun 5, 2017
Ocado soars on first overseas deal
Ocado has surged to the top of the FTSE 250 after the online retailer announced it had secured a delivery deal with a European retailer to set up an online grocery service. Ocado's shares rose 5% in early trading as investors hailed the firm's first overseas deal, which it had originally pledged to secure by the end of 2015. Ocado did not name the retailer or say how much the deal was worth. Neil Wilson, analyst at spread betting firm ETX Capital, said it was still unclear what value the deal would bring to Ocado. "We don't even know who the company is - Ocado simply dubs it a 'regional' retailer. This is progress after a lot of promises, but it's not exactly like doing a deal with Wal-Mart - yet," he said.
Make a complaint about Ocado by viewing their customer service contacts.