Today’s announcement of the up to £750m payment to Ocado for certain assets and rights in a 50:50 joint venture is the first step in the likely long and unprofitable development of national online coverage for M&S’s food business.
27 Feb 2019
Ocado JV | It’s a Rights Issue and 40% Dividend Cut, that’s it
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Ocado JV | It’s a Rights Issue and 40% Dividend Cut, that’s it
Marks and Spencer Group plc (MKS:LON) | 265 -2.1 (-0.3%) | Mkt Cap: 5,377m
- Published:
27 Feb 2019 -
Author:
Tony Shiret -
Pages:
3
Today’s announcement of the up to £750m payment to Ocado for certain assets and rights in a 50:50 joint venture is the first step in the likely long and unprofitable development of national online coverage for M&S’s food business.