Ocado overtakes Tesco as most valuable UK retailer
Image copyright PAUL ELLIS/AFP VIA GETTY IMAGES
Online grocer Ocado has overtaken Tesco in terms of stock market value as investors continue to bet on the firm.
Ocado is now valued at £21.7bn, more than Tesco’s £21.1bn, despite having only a fraction of the UK grocery market share.
Analysts said a rise in online food shopping, plus Ocado’s new tie up with Marks & Spencer, had encouraged…
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