Ocado drops legal battle with M&S over disputed £190m performance payout

M&S will not make a final payment after Ocado Retail - the 50:50 online grocery joint venture between Ocado and M&S - failed to meet targets.

Ocado has quietly let Marks & Spencer off the hook in a long-running £190m dispute over its home delivery joint venture.  FTSE-250 Ocado has dropped its pursuit of the payout from M&S, which it believed it was owed as part of the business they ran together, City AM understands. The two companies took a 50-50…