Procook serves up return to profitability promising sustained growth June 26, 2024 Kitchenware maker Procook has said it "plans to accelerate profitable growth over the medium term" thanks to the strategic inroads and trading "momentum" borne out in its full year results in which the firm returned to profitability.
Games Workshop expects bumper year after Amazon deal June 19, 2024 Games Workshop expects to continue its robust growth this year, with revenue, licensing income and profit all anticipated to rise on its last full year reporting period, it has said.
Temu targets trademarked brands such as Dyson and Zara on Google and Bing June 14, 2024 The majority of these targeted brands are retailers, including Zara, Rayban, Dyson, Curry's, and Marks & Spencer.
New data centre planned for London amid ‘significant lack of power’ June 7, 2024 The demand for data centres is rapidly rising. AI training and large language models, such as ChatGPT and Gemini, require enormous amounts of power.
Amazon hit with ‘biggest ever’ UK class action in £1bn legal case June 6, 2024 The 'biggest ever' class action will be filed to a London Tribunal against Amazon over allegation it has illegally misused data and manipulated its Buy Box
FTSE 100 today: London stocks to stay subdued in light trading as Asia and Europe mark Labour Day holidays May 1, 2024 Asian markets were mixed following Wall Street's poor performance. Concurrently, oil prices experienced a decline while gold remained stable. Starbucks, AMD, and Supermicro saw significant stock declines. Now, all eyes are on the upcoming US Federal Reserve policy decision and Chair Jay Powell's remarks.
Amazon’s stock surges on strong earnings, fuelled by AI-driven cloud growth May 1, 2024 Amazon.com surpassed Wall Street's expectations in its quarterly report, buoyed by the surge of interest in artificial intelligence, particularly in its cloud-computing division, propelling the retail giant's shares up to 5% in after-hours trading.
FTSE 100 today: London markets set to extend record streak on strong global cues April 30, 2024 Asian stocks tracked Wall Street's gains, while Japan's yen held firm after suspected intervention spurred sharp gains. Oil prices dipped amidst Israel-Gaza ceasefire talks, and China's factory activity expanded for the second month. Investor attention was on the upcoming Fed policy decision and earnings reports from Amazon.com and Coca-Cola.
Amazon to be hit with legal action by GMB over ‘US-style union-busting tactics’ April 29, 2024 GMB Union has filed legal proceedings against retail giant Amazon over allegations that it has pressured workers to give up their trade membership
Amazon: AWS, Prime and AI set to drive first-quarter earnings April 28, 2024 Analysts said that Amazon has recently got its mojo back after losing momentum over the last few years.