Ocado Confident for Technology Licensing Deal After Missing Goal

  • Shares rise as much as 8.2% as comments reassure investors
  • Ocado hasn't signed deal since Morrison partnership in 2013

Ocado expects to “sign multiple deals in multiple territories in the medium term,” Ocado said in a statement Tuesday, sending its shares up as much as 8.2 percent.

Photographer: Jason Alden/Bloomberg

Ocado Group Plc said it remains confident of licensing its distribution-center technology, reassuring investors after the U.K. online grocer missed a self-imposed goal to find a partner by the end of last year.

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