M&S is set to pay up to £900 million for a 50 percent stake in a combined retail business, London’s Evening Standard newspaper reports. Shares in Ocado jumped 10 percent off the back of this news to 92p, while M&S saw its price rise 3.2 percent to 303p. But both companies have since released short statements to play down a possible merger, saying there is no guarantee a deal will be completed.
Good and M&S needs to expand its range to match major supermarkets
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