Ocado shares plunge as Amazon Pantry leaves supermarkets anxious
by Sarah Butler from Technology | The Guardian on (#Z62X)
Retailer's stock price falls 8% as fears grow that new online grocery delivery service could cause tremors in an already competitive sector
Shares in Ocado dived more than 3% after fears that the online grocer faces increased competition from Amazon and is struggling to sign up an international partner.
The British retailer took a hit on Wednesday after Amazon said this week it would rapidly expand its grocery delivery service in the UK. Ocado shares have now fallen 8% since Christmas Eve, closing at 315p on Wednesday.
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