Ocado Group plc (LON:OCDO) confirmed that it is in discussions with Marks and Spencer Group Plc regarding a joint venture in UK retail. There is no certainty that these discussions will result in any agreement or as to the timing of any such agreement.
Ocado Group plc Response to Media Speculation
- Written by: Charlotte Edwards
Latest Company News
Ocado Group Plc responds to recent speculation on chief executive succession planning and says the CEO and Board continue long-term planning.
Ocado and Asda have agreed a partnership to develop Asda’s online grocery business using the Ocado Smart Platform, with rollout across stores and dark stores planned from 2027.
Marks & Spencer reported a 23.8% decline in adjusted profit before tax to £671.4m, as disruption from a cyber incident weighed on Fashion, Home & Beauty. Food sales rose 7.0%, while the group maintained transformation investment and increased its full-year dividend to 4.2p.
Marks & Spencer shows improving momentum and recovery potential, according to Shore Capital, with stronger Food sales and optimistic FY27 outlook.
Marks and Spencer Group plc announced its interim results for the 26 weeks ended 27 September 2025, highlighting continued sales growth and improved profitability across both Food and Clothing & Home divisions.
Ocado Group and Bon Preu expand their partnership, launching a Customer Fulfilment Centre in Catalonia to enhance online grocery service and efficiency.
