Ocado flying high after Morrisons deal
date:Jul 02, 2013
Half-year results from online retailer Ocado come after the group's recent coup in securing a 25-year, 170 million deal with Morrisons to enable the supermarket to sell food on the web.

The move angered its largest supplier and rival Waitrose, which has since appointed lawyers to study the agreement between Morrisons and Ocado. But it was applauded by investors, sending shares rocketing to an all-time high of 351p in May and defying doubters of the group.

Ocado, which employs around 6,000 peop
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