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

The online grocer reported a <a href="https://www.telegraph.co.uk/business/2023/02/28/ocado-forced-price-war-tesco-losses-mount/" target="_blank" rel="noopener noreferrer">pre-tax loss</a> of £289.5m for the six months to May 28, a slump of 37pc on the same period a year earlier.&nbsp;

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

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

Online grocer says it will to reduce costs and boost efficiency in joint venture{ai:summary}<p>Online grocer Ocado is cutting costs as tensions rise over its joint venture with Marks & Spencer, which suffered deepening losses. Ocado reported a pre-tax loss of £289.5m, a 37% decrease compared to the same period last year. M&S chairman Archie Norman expressed dissatisfaction with the joint venture's performance, acknowledging that there is work to be done. #economy</p>

Ocado losses deepen 37pc amid tensions with ‘unhappy’ M&S

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