The Trader 

Market Outlook: Do you ‘ave Ocado?

The Trader

In fact, the question was posed yesterday by a girl to her pal as they were on their way to visit boyfriends at Wansdworth prison.  A little later, online supermarket Ocado - which now wants people to think of it as a logistics and technology company – announced a landmark tie-up with US grocer Kroger.  On the news, the share price rallied by 81 per cent, to end up 43 per cent on the day.  The rally was exceptionally large because the company has, for years, been a favourite for hedge funds to sell short.

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