Morning Wrap: need to know business stories

Top stories from around the web.

New Statesman

Morrison and Ocado agree online deal (FT)

WM Morrison has signed an agreement with Ocado worth more than £200m to enable the supermarket group to launch online shopping services at the beginning of next year.

Morrison, the UK’s fourth-largest supermarket chain by market share, has fallen behind rivals Tesco and J Sainsbury in the rapidly expanding online grocery market.

Maersk warns on slowing global trade (FT)

AP Møller-Maersk downgraded its view on global trade as the Danish group warned that global demand for container shipping would be lower than it thought three months ago.

The world’s largest container shipping company by capacity, seen as a bellwether for world trade, said it expected global seaborne container demand to grow 2-4 per cent in 2013, down from its forecast of 4-5 per cent in February.

Dell posts 79% fall in profits amid takeover battle (BBC)

Dell has reported a 79% slide in net profit, underlining a fall in personal computers sales as more consumers shift to smartphones and tablets.

The PC maker's net profit fell to $130m (£85m) in the three months to 3 May, on revenue down 2% to $14bn.

Glencore Xstrata: former BP boss Tony Hayward made interim chairman (BBC)

Glencore Xstrata shareholders have overwhelmingly voted in favour of Tony Hayward, BP's former chief executive, as interim chairman of the newly merged group.

Shareholders opposed the re-election of chairman Sir John Bond at the company's first annual general meeting.

After Google, Amazon to be grilled on UK tax presence (Reuters)

Internet retailer Amazon.com Inc. will be called back to the British parliament to clarify how its activities in the UK justify its low corporate income tax bill, two MPs told Reuters.

Amazon will follow search giant Google, which attended another grilling by parliament's Public Affairs Committee (PAC) over its tax affairs on Thursday. A Reuters report earlier this month raised questions over Google's earlier assertions that its UK-based staff don't sell to customers.