M&S confirms talks with Ocado on food delivery service

Shares in both firms surge as they confirm talks, with M&S up 12% and Ocado 3%Marks & Spencer is thrashing out the terms of a £1.8bn tie-up with Ocado to belatedly launch a grocery delivery service, replacing the online firm’s current deal with Waitrose.Shares in both companies surged on Tuesday after they rushed out identical statements that confirmed they were in discussions over a deal in which M&S would buy a 50% stake in Ocado’s UK retail arm for up to £9