Ocado shares rocket on news of Morrisons talks

Market seem confident that Ocado's talks with Morrisons on a possible online shopping deal will deliver. Their share value surges by 17.25 per cent:

(Source: Yahoo! Finance)

Morrisons shares are also up by a more reserved 2.21 per cent (the supermarket's annual results showed a knock to profits):

(Source: Yahoo! Finance)

Morrisons chief executive Dalton Philips said the supermarket would definitely be offering an online shopping service by the end of the year (even if that is not done with Ocado).