Marks & Spencer was dealt a blow yesterday when one of its own house brokers questioned its £750 million tie-up with Ocado.
Shares in the retailer fell by 10¼p, or 5.1 per cent, to 190¾p after analysts at Morgan Stanley, the American investment bank, said that they were “unconvinced” the retailer should enter the online food delivery market.
Marks & Spencer was dealt a blow yesterday when one of its own house brokers questioned its £750 million tie-up with Ocado.
Shares in the retailer fell by 10¼p, or 5.1 per cent, to 190¾p after analysts at Morgan Stanley, the American investment bank, said that they were “unconvinced” the retailer should enter the online food delivery market.
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