Ocado shares surge on latest US deal rumours

Investors losing patience as company misses its own targets for international expansion

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Ocado shares surged by more than nine per cent on Monday, as the latest rumours swirled that it could finally be set to strike a deal in the potentially lucrative US market.

Reports indicate the online grocery retailer has "brought on consultants at Mace to advise on a potential US debut", says the Daily Telegraph. Speculation is focused on Florida-based Publix, a regional grocery giant with $33bn (£24bn) in annual sales.

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