Belfast Telegraph

Ocado 'lifeline' on debt repayments

Ocado has been handed a "lifeline" after banks gave it more time to pay off its debts and the unveiled £36m of fund-raising.

Shares in the loss-making delivery firm soared by nearly a quarter after this reassured the City over the stability of its finances - following weeks of speculation it could breach its loan terms - and Ocado issued a robust trading statement.