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Spotlight sharpens on J Sainsbury Plc and Ocado Group Plc in wake of Morrison takeover talk

Follow Jamie on: J Sainsbury and Ocado Group are among the notable names in Tuesday s diary. Monday’s deals saw Morrison shares rise to a premium above the 254p per share, £6.3bn, offer from Fortress Investment as traders position in the hope of a private equity bidding war – after Apollo Global Management confirmed it’s considering its own approach, while rejected suitor Clayton, Dubilier & Rice is eyed for a potential new proposal. Some commentators are surprised that Amazon Inc (NASDAQ:AMZN) hasn’t put an offer down, considering it is Morrisons’ wholesale partner and already owns Whole Foods. Others meanwhile suggest that the takeover interest is centred on the supermarket’s property portfolio rather than the grocery business.

J Sainsbury PLC and Ocado Group PLC key updates in coming week, macro diary to feature UK GDP

J Sainsbury PLC and Ocado Group PLC key updates in coming week, macro diary to feature UK GDP
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Tesco PLC, J Sainsbury PLC and Ocado Group PLC all at risk from on-demand grocery startups, warns Credit Suisse

Tesco, Sainsbury and Ocado all at risk from on-demand grocery startups, warns Credit Suisse Tesco’s has the highest exposure to the convenience format of the UK supermarkets, which is seen as being most at risk from the new startups Gorillas Grocery started in Berlin but is now in London and Amsterdam With the pandemic driving growth in online grocery, a “new disruptive channel has emerged”, the Swiss investment bank, with on-demand or ‘i-grocery’ services characterized by delivery times of 10-15 minutes from a network of small fulfilment centres in densely populated cities. The handful of UK on-demand grocery startups include London-based Weezy, calling itself ‘the 15-minute supermarket’, and Dija, which was founded by former Deliveroo executives Alberto Menolascina and Yusuf Saban and is expanding from a few postcodes in London. 

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