Spacs: the blank-cheque blitz of 2020

Special purpose acquisition companies, or Spacs, have taken Wall Street by storm this year. Spacs are shell companies that raise money by listing on the stock exchange. They have no business plan other than to acquire a company that will eventually go public. Spacs have raised more than $55bn this year, but as the FT’s Ortenca Aliaj explains, they may not be the best return on investment.

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Supermarkets’ super struggle to make money from home delivery boom

Covid-19 has led to an ecommerce surge in grocery sales. But grocers are struggling to make any money from online home deliveries. For many years, retailers have been daunted by the capital spending and technical challenges of offering online food shopping at scale. But help could be at hand in the form of new technologies, combined with agreements between retailers and food delivery apps.

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