A Morrisons sign
Online retailer Ocado says there are no plans for Bradford-based Morrisons to take a stake in the business.
The two companies are in discussions which may lead to a partnership deal to help Morrisons launch its online grocery operation next January.
In a pre-AGM statement, Ocado said: “Ocado reconfirms that the arrangements under discussion do not involve Morrisons acquiring either the whole of, or an equity stake in, Ocado. Discussions are ongoing and there can be no certainty that an agreement will be reached. A further announcement on this topic will be made in due course.”
Morrisons last week unveiled a 1.8 per cent drop in like-for-like sales during the first quarter of 2013.
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