Ocado denies rumours of a Morrisons sale

Marion Dakers
ONLINE grocery group Ocado was last night forced to deny it was in talks Morrisons about the larger firm taking a stake in the company.

However, Ocado did reveal that it is in ongoing discussions about licencing some of its intellectual property to Morrisons as it sets up its own online shopping business in the UK.

The firm stressed that the pair were not in talks about handing over an equity stake.

Shares in Ocado soared 12 per cent to 168.1p yesterday on rumours of a stake sale.