Morrisons seal online shopping deal with Ocado

Grocer to make first foray into online world - but how will Waitrose react to Ocado's deal with its rival?

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(Image credit: 2003 Getty Images)

MORRISONS has gone from a "standing start to the fast lane" after agreeing to launch an online shopping service with Ocado, its chief executive said today. Dalton Philips told the BBC the grocer was making an "important step" in joining the fast-growing online shopping world.

Unlike rivals Tesco, Sainsbury's and Asda, Britain's fourth-biggest supermarket has not offered an internet shopping service before. But Morrisons is attempting to turn around its flagging fortunes after reporting its first profit drop in six years last March.

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