Ocado Group plc is trading about 4% up today, building on a sharp rally from £208.20 to £223.00 following the announcement of a major technology partnership with Asda.
- The deal represents Ocado’s most significant UK agreement in years, covering technology infrastructure for more than 700,000 weekly online grocery orders for the UK’s third-largest supermarket.
- The contract is fueling market optimism that the partnership will accelerate growth in the company's solutions business and support a broader share-price recovery.