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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  WM Morrison Supermarkets PLC    MRW   GB0006043169

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Wm. Morrison Supermarkets plc : Ocado Group PLC - Ocado confirms talks re technology agreement

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03/16/2013 | 07:32am CET

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Ocado Group PLC confirmation of talks  

14th March 2013

OcadoGroup PLC ("Ocado") confirms that it is in discussions with Wm. Morrison Supermarkets Plc ("Morrison") which may lead to an agreement to license certain of  Ocado's existing and future intellectual property ("IP") and operating knowledge for the purposes of Morrison commencing an online grocery business in the UK.

These negotiations do not involve any discussion of Morrison acquiring either the whole of, or an equity stake in,  Ocado

Any such agreement would be complementary to Ocado's existing partnership with Waitrose, which would be unaffected by any potential agreement with  Morrison.

Both parties are working towards an agreement and a further announcement will be made in due course. However, discussions are ongoing and there can be no certainty that an agreement will be reached.


This information is provided by RNS
The company news service from the London Stock Exchange

RNS news service provided by Hemscott Group Limited.

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Financials ( GBP)
Sales 2017 16 215 M
EBIT 2017 433 M
Net income 2017 243 M
Debt 2017 1 022 M
Yield 2017 2,22%
P/E ratio 2017 23,38
P/E ratio 2018 20,02
EV / Sales 2017 0,41x
EV / Sales 2018 0,39x
Capitalization 5 605 M
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Mean consensus UNDERPERFORM
Number of Analysts 18
Average target price 2,07  GBP
Spread / Average Target -14%
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Managers
NameTitle
David T. Potts Chief Executive Officer & Executive Director
Andrew Thomas Higginson Non-Executive Chairman
Trevor Strain Chief Financial Officer & Executive Director
Daniel Beecham Chief Information Officer
Belinda J. Richards Independent Non-Executive Director
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