Online supermarket’s sales have suffered since pandemic boom – but it could be a target for a big US firm

Shares in Ocado soared by as much as 40% on Thursday, amid market speculation that the online supermarket and retail technology group could be the target of a takeover.

In their second day of gains, Ocado shares briefly reached 631p from 430p at Wednesday’s close of trading, before falling back.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

‘Why don’t we just write the stupidest song ever?’ How the Darkness made I Believe in a Thing Called Love

‘The crab in the music video was a reference to when you’ve…

Australian army to investigate soldiers’ use of dead Taliban fighter’s prosthetic leg

Investigation follows revelation of pictures which show soldiers drinking from leg and…

Lunar eclipse 2020

lunar eclipse

Taiwan train crash: dozens feared dead after express service derails in tunnel

Rescuers struggle to reach trapped passengers as train carrying 350 crashes near…