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The Telegraph
18 Jul 2023
https://www.telegraph.co.uk/business/2023/07/18/ocado-losses-deepen-37pc-tensions-marks-and-spencer/
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”.