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Opening Quote: Ocado grows as it waits for more deals

Summary:
Ocado grows as it waits for more deals. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. Online supermarket Ocado can deliver groceries within a one-hour time slot of your choosing. It’s just the delivery of a big deal for its technology that requires a two-to-three year window. But it seems that more investors are willing to pay 192 times earnings for its shares – and wait in a bit longer. Having been the second most borrowed stock by speculators hoping to profit from a falling prices, Ocado has been the subject of improved sentiment – and buying – since the summer, when it announced a new European client for its software, if not its automated warehouse system.So does it matter that this morning’s

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Ocado grows as it waits for more deals. FT Opening Quote, with commentary by...

Siona Jenkins
Former Cairene; FT Middle east news editor. Views my own.

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