The online food delivery firm Ocado is expected to post losses this week despite a landmark deal with supermarket Morrisons that investors hope will be a turning point for the business.
Analysts believe the business will make a loss of £2.3 million in the first-half to May 19 after managing to make a profit in the same period for the past two years. Last year it made £1.8 million in the first-half but a full-year loss of £600,000.
Sales, including vouchers, are expected to have increased by 15 per cent to £382 million in the 24 weeks.
Last month it signed a £170 million, 25-year distribution deal with supermarket Morrisons. The Bradford-based chain will take over Ocado's second distribution centre in the Midlands which opened earlier this year.
The deal angered existing partner Waitrose but it boosted the share price and inspired investors who believe that Ocado may have similar deals in the pipeline. The firms has been linked to investment deals and partnerships with firms such as Amazon, France's Carrefour and Marks & Spencer.
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