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Ocado Group PLC (0OC.DU)
- The Telegraph
How the return of young women buying knickers reshaped M&S
Demand for Marks & Spencer knickers among younger women has helped fuel a £1bn sales boost at the retailer, propelling it to its strongest performance since 1997.
- PA Media: Money
M&S in ‘best financial health since 1997’ as sales and profits soar
The retail giant better-than-forecast annual underlying pre-tax profits of £716.4 million, up from £453.3 million the previous year
- Reuters
M&S doubles down on refusal of final payment for Ocado Retail
Marks & Spencer reiterated its position on Wednesday that it does not have to make a final payment to Ocado Group for its share of the Ocado Retail online supermarket joint venture. In 2019, M&S agreed to pay up to 750 million pounds ($955 million) for its half of the jv, which took M&S food online. A final payment, contingent on the jv's performance in its 2022/23 year, is due in August, but the two sides have been wrangling for months over whether it should be paid or not.
