Shares in online grocer Ocado have increased after it struck a deal with US retailer Kroger.

Shares in online grocer Ocado have increased by 47% to 814p after it struck a deal with US retailer Kroger. Ocado’s technology will be used in the US exclusively by Kroger, which is one of the world’s biggest grocery chains with annual sales of $122bn (£90bn).

Under the terms of the deal, Kroger will also take a 5% stake in Ocado.

The agreement is the latest in a series of deals that Ocado has struck with retailers to share its technology that automates online grocery orders.

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Shalish Mehta

Shalish acts on behalf of both private individuals and commercial clients, bringing or defending claims in the High Court or the County Court. Shalish is fluent in Gujarati and will happily represent those for whom Gujariti is the first language, in English. Shalish is also able to advise and assist with negotiations to resolve disputes, avoiding the need for court proceedings. Shalish joined the firm 10 years ago, very shortly after he qualified as a solicitor. Shalish is a keen sportsman, regularly playing cricket and five-a-side football. He is also a self-confessed foodie, taking great pleasure in sampling different cuisines from around the world. Currently, Shalish is pursuing his interest in languages, attending evening Spanish lessons at a local college.