Ocado founder wife cuts stake

The wife of one of the Ocado founders slashed her stake in the firm just before it crashed to a record share-price low. Kira Faiman, wife of Jonathan Faiman, sold at least £7m worth of stock on 9 August through Tempest Capital. The firm has seen its stock tumble to below its flotation price as analysts cut their forecasts for the online grocery business. It scraped a float price of 180p last July after initially hoping for a valuation of up to 275p a share.