{"id":6816,"date":"2019-01-28T10:15:52","date_gmt":"2019-01-28T10:15:52","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/ocado-shares-rise-after-ms-deal-report\/"},"modified":"2019-01-28T10:15:52","modified_gmt":"2019-01-28T10:15:52","slug":"ocado-shares-rise-after-ms-deal-report","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/ocado-shares-rise-after-ms-deal-report\/","title":{"rendered":"Ocado shares rise after M&#038;S deal report"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Marks Spencer store\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/F088\/production\/_105367516_gettyimages-978652914-1.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Ocado shares rose as much as 6.7% in London trading after a report suggested it may agree a deal with Marks and Spencer enabling the larger firm to make home deliveries.<\/p>\n<p>Shares in M&amp;S also rose.<\/p>\n<p>M&amp;S could buy distribution centres and vans from Ocado, the Mail on Sunday reported. It has been exploring options for food delivery online in a bid to catch up with rivals such as Sainsbury&#8217;s. <\/p>\n<p>Both companies declined to comment. <\/p>\n<p>Ocado currently has a deal with southern England-focused Waitrose, which is due to come to an end in September 2020. <\/p>\n<p>M&amp;S has been experimenting with home delivery since 2017, when it opened a trial in north London to offer a small range of ready meals. Its website already offers wedding cakes, party food and alcoholic drinks for collection, but it lacks a delivery network the likes of Tesco, Morrison, Sainsbury&#8217;s or Asda have.<\/p>\n<p>After those earlier gains, Ocado shares settled to stand 3% higher at 975p. Marks and Spencer shares rose 2% to 295p.<\/p>\n<p>M&amp;S, founded in 1884, has been struggling in recent years to keep up online in both food and clothing. It said in November that sales excluding newer stores, were down 2.2% for the six months to the end of September. Food sales were down 2.9% and clothing and home sales slid 1.1%.<\/p>\n<p>A deal of any kind is not certain, <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-6636341\/Marks-Spencer-secret-talks-gobble-Ocado.html\" class=\"story-body__link-external\">the newspaper reported<\/a>. <\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-47027802\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images Ocado shares rose as much as 6.7% in London trading after a report suggested it may agree a deal with Marks and Spencer enabling the larger firm to make home deliveries. Shares in M&amp;S also rose. M&amp;S could buy distribution centres and vans from Ocado, the Mail on Sunday reported. It &hellip; <\/p>\n","protected":false},"author":0,"featured_media":6817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/6816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=6816"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/6816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/6817"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=6816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=6816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=6816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}