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170.60    -10.20 (-5.64%)
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Spread: 0.30 (0.176%)
Market Cap: £1.42b
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Ocado CEO declines to comment on Amazon speculation

Tue, 18th Jul 2023 08:19

LONDON, July 18 (Reuters) - The chief executive of British online and technology group Ocado said he had nothing to say when asked about speculation of a takeover by U.S. group Amazon.

"Speculation is speculation, I have nothing to say," Tim Steiner said, in response to a question about a Times newspaper report about possible takeover interest from more than one U.S. suitor including Amazon. Amazon has declined to comment.

Steiner was speaking after the group published first-half results on Tuesday. (Reporting by James Davey; editing by Kate Holton)

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