LONDON :Ocado Group shares surged by over 40 per cent on Thursday after The Times newspaper reported speculation of possible bid interest in the online supermarket and technology group recently squeezed by a cost of living crisis in the UK.The Times noted there was talk of bid interest from more than one U.S.
LONDON :Ocado Group shares surged by over 40 per cent on Thursday after The Times newspaper reported speculation of possible bid interest in the online supermarket and technology group recently squeezed by a cost of living crisis in the UK.
Ocado declined to comment on either the stock's rise or the Times report. Amazon also declined to comment on the report. "Ocado's hopes of becoming an online groceries partner to businesses across the globe has only had limited success and shareholders may be open to a bidder putting them out of their misery," she added.
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Amazon declines to comment on report of bid interest in UK's OcadoLONDON : A spokesperson for Amazon declined to comment on Thursday on a Times newspaper report that highlighted talk of potential bid interest in British online supermarket group Ocado.Ocado shares were up 43 per cent by 0923 GMT on the London Stock Exchange following the report.
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