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Https://www.reuters.com/technology/autostore-appeal-london-high-court-loss-ocado-patent-feud-2023-06-29/
Judge Hacon also ordered AutoStore to pay Ocado 6.7 million pounds ($8.5 million) in costs in relation to the high court trial. Final payments will, however, be subject to the outcome of the appeal.
Profit-taking sees Ocado shares take a tumble
Amid an absence of noteworthy corporate announcements, trading patterns reflected some profit-taking in stocks such as Ocado and mining plays.
Online grocer Ocado Group fell 5.02%, after its shares surged earlier in the week on the heels of last week's speculation that Amazon might be considering acquiring the firm.
Additionally, the recent news of Lingotto - an investment fund backed by Italy's billionaire Agnelli family - increasing its stake in Ocado, despite the grocer underperforming in its portfolio last year, stoked investor interest further.
The fund's purchase, executed on 23 June, took its holding in Ocado above the 5% mark.
How much cash does Amazon have?
$58.662 billion
As of March 31, 2023, Amazon has $58.662 billion in cash on hand1. Of this amount, $34.947 billion is cash and cash equivalents, while the remaining $23.715 billion is marketable securities1. Amazon's cash on hand has declined by 2.98% year-over-year, from $70.026B in 2022 to $64.405B in 20232.
Trans they want you.
https://youtu.be/InBXu-iY7cw
The big boys pros no shorts closed 6.26% or 51,782,704 shares which are not available
Https://shorttracker.co.uk/company/GB00B3MBS747/
Not long till next results
18 July 2023
FY23 Half Year Ocado Group Results
Please do your own research as always
Https://www.cityam.com/ex-ted-baker-boss-joins-ocado-as-amazon-takeover-rumours-swirl/
TUESDAY 27 JUNE 2023 8:43 AM
Ex Ted Baker boss joins Ocado as Amazon takeover rumours swirl
Her arrival to the Ocado board as an independent non-executive director comes as the market is speculating that the digital grocer could be taken over by Amazon.
Please do your own research as always.
Encouragingly, Tom Slater of Baillie Gifford, and manager of the Scottish Mortgage investment trust, is supportive. “We believe that Ocado is very early in addressing a very big market opportunity and it would be a dreadful shame if the UK were to lose one of its leading listed technology companies when there is so much potential remaining,” he says. That’s the spirit. Amazon is not needed.