Ocado IPO would boost John Lewis scheme

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The John Lewis pension fund will be the biggest beneficiary if the proposed initial public offering of Ocado goes ahead, Lane Clark & Peacock says.

Lane Clark & Peacock partner James Atherton said if the IPO gets away at about £1bn, as speculated, the pension fund's 29% holding will have more than doubled in value - from £128m to about £300m. ...

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