Ocado hikes outlook as sales surge at M&S joint venture

Online supermarket Ocado has upgraded its guidance after revenue surged during its fiscal third quarter. The retail arm of the London-listed group, Ocado Retail, a 50:50 joint venture between Ocado Group and Marks & Spencer Group, reported revenue growth of 15 per cent in the 13 weeks to 1 September 2024. Revenue jumped to £658m [...]