JD Sports defends board member and former Amazon director despite shareholder worries about ‘poor attendance’ January 17, 2024 JD Sports has said it is satisfied with the performance of a former Amazon director to its board, after shareholders voiced concerns about their “perceived” poor attendance.
DS Smith shares soar: Amazon cardboard provider could be one half of biggest City deal in years February 8, 2024 Should it come to pass it would be another major tie-up between London-listed operations, with housebuilders Barratt and Redrow looking to turn two listed firms into one.
Amazon Prime and Netflix brace for cancellations as Brits look to trim spending January 30, 2023 More Brits are planning to unsubscribe from video streaming services this year, after new data revealed the number paid-for subscriptions in the UK fell by two million last year as rising costs continue to eat into household budgets. Data analytics group Kantar revealed today that the number video streaming subscriptions in the UK fell from [...]
Amazon share price tanks after software giant announces fall in cloud spend April 28, 2023 The brakes appeared to be coming on to Amazon’s cloud growth spending as the tech giant said it was looking to cut costs. The news overshadowed the company’s quarterly sales, and an announcement that its profits that topped expectations. Amazon’s value rose $125bn (£100bn) but remarks by its chief financial officer Brian Olsavsky, drove the [...]
‘Side hustle tax’ to see online platforms like Ebay, Airbnb and Amazon share seller details with HMRC January 2, 2024 This will allow tax authorities to detect and tackle tax evasion, while also levelling the playing field with how traditional businesses are treated for tax purposes, according to HMRC.
Ocado share price soars over 40 per cent following Amazon takeover rumours June 22, 2023 Shares in Ocado soared over 40 per cent this morning following speculation that Amazon is eyeing a takeover of its grocery technology business. The tech giant is reportedly mulling an £8-a-share move, The Times has reported, with Goldman Sachs and JP Morgan said to be acting for the potential bidders. “Bid chatter helped lift web-based [...]
Amazon Prime, Spotify set to be worst hit by Brits cancelling subscriptions January 4, 2023 British households are cancelling online subscriptions as the cost of living soars, with Amazon Prime and Spotify among the most-searched subscriptions to be cancelled, according to a new study. According to a new study by VPN Online, Brits are increasingly cancelling their streaming subscriptions to save money amid sky-high inflation. In 2022, the average Brit [...]
Explainer-in-brief: Amazon chases the robotic revolution in the retail space November 14, 2022 Amazon wants 100 per cent of its packaging to be managed by robots in the next five years. The retail giant is not far from this target, given three quarters of the packages it delivers have been – at least partially – wrapped up by a robot. Employees have been reassured that “the need for [...]
Amazon to slash 10,000 corporate and tech jobs – reports November 14, 2022 E-commerce behemoth Amazon is mulling laying off around 10,000 people, it has been reported, amid a torrid slew of tech lay-offs last week. According to a report in The New York Times, redundancies for corporate and technology roles could begin as early as this week, people with knowledge of the matter said. This would mark [...]
DS Smith: Inflation can’t keep profits boxed up for Amazon cardboard provider June 22, 2023 DS Smith reported soaring profits and trading in line with expectations in its full year results this morning, as the package specialist continued to show strong resistance to high inflation and rising paper costs. The London-listed group – which delivers boxes and paper products to companies including Amazon and Brewdog – saw pre-tax profits up [...]