Why a New York listing could turn Ocado into a tech powerhouse

Potential move threatens to land yet another blow on capital’s embattled stock market. Ocado under pressure to abandon London for New York. Potential move could be the latest blow to London's embattled equity market. London-based firm under pressure from investors to leave the city in the US.

Analysts believe that if Ocado can bring the deal with M&S in 2019 to an end then it would likely look to move into the US market and focus instead building its technology offering. If Ocada can bring it to New York to expand its delivery empire, it would look to focus on technology.

A lucrative future abroad beckons if the grocer can shake off its UK ties. Ocado could become a tech powerhouse in the U.S. if it can get a New York listing in the next few years. The company has been in talks with the New York City authorities for more than a decade.