The online grocer was the UK's most valuable retailer during the pandemic but has struggled more recently.
Ocado shares have surged amid speculation that the online grocer might be the subject of takeover talks from Amazon or another US tech firm.
But views of the company have soured sharply as it grapples with the return of in-store shopping and rising prices.Analysts said that drop could make it a potentially attractive target for acquisition. Amazon has been pushing to expand its grocery business for years, buying up Whole Foods and experimenting with. In the UK, it owns a 16% stake in Deliveroo, a deal that only barely escaped objection from the UK competition authority.
Ocado was founded by three Goldman Sachs bankers in 2000, and started trading as a business in partnership with Waitrose in 2002.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ocado shares surge on Amazon bid speculation\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
Ocado: Amazon bid rumours provide food for thought\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t
Read more »
Here are the best Kindle alternatives you can buy right nowYour top options for an Amazon-free ebook experience
Read more »
Amazon locks in official dates for Prime Day 2023Get those credit cards ready for July
Read more »
Amazon Prime Gaming is adding four extra ‘free’ weekly games, starting today with Prey | VGCAmazon Prime Gaming is adding four bonus 'free' games on top of its usual monthly games, to celebrate the upcoming Prime Day. One bonus game will be made available each week, starting with Prey (2017) which is available now.
Read more »
FTC alleges Amazon ‘tricked and trapped’ customers with Prime subscriptions\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »