Market report: Order backlog puts brakes on Ocado

A clogged order backlog has forced Ocado to temporarily halt deliveries to its own staff members, sending the group’s shares down 152p to £23.72. The FTSE 100 delivery group – the best-performing stock among London’s blue-chips this year – said it had experienced a “surge in demand” following its tie-up with high street stalwart Marks & Spencer, ending a previous agreement with Waitrose. Customers expressed disappointment with Ocado on Tuesday after