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The Telegraph
The Telegraph
18 Jul 2023


Ocado is focusing on cutting costs amid growing tensions over its joint venture with Marks & Spencer, which has reported deepening losses. 

The online grocer reported a pre-tax loss of £289.5m for the six months to May 28, a slump of 37pc on the same period a year earlier. 

It comes days after the chairman of M&S said the high street retailer is “not happy” with the performance of its joint venture Ocado Retail. 

Archie Norman told investors at the company’s annual meeting that Ocado Group and M&S have “got work to do”.