Ocado shares fall after John Lewis pension fund sells out

first_imgFriday 11 February 2011 2:49 am Show Comments ▼ Share John Dunne whatsapp Ocado shares fall after John Lewis pension fund sells out Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnautcenter_img Retailer John Lewis’s pension trust has sold its stake of about 10 per cent in online grocer Ocado – sending its shares down 17 per cent.Ocado, whose shares have climbed sharply in recent weeks, said the sale would not affect its commercial relations with upmarket grocer Waitrose, a John Lewis unit.Ocado mainly sells Waitrose products. Some analysts expect the two will increasingly become competitors as Waitrose expands its own online grocery business.The John Lewis pension fund sold more than half its original stake in Ocado at the time of the online grocer’s initial public offering in July.Ocado said the sale was part of the pension trust’s normal investment management activities. whatsapp Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldBetterBe20 Stunning Female AthletesBetterBeWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoamlast_img read more