Online retail bonanza: Amazon’s UK sales jump 14 per cent June 25, 2015 UK sales at online retail goliath Amazon rose 14 per cent to £5.3bn last year, as British consumers engaged in an online shopping bonanza. Read More: Amazon says it “received no special tax treatment” after EU begins Luxembourg tax arrangement investigation A filing with Companies House showed Amazon's UK division recorded a profit of £34.4m during [...]
Retailer Amazon paid just £11.9mn in tax in 2014 June 25, 2015 The online retailing goliath Amazon’s UK business paid just £11.9mn in tax last year, despite earning £5.3bn in sales from British shoppers. Amazon’s Luxembourg arm, called Amazon EU Sarl, took in the £5.3bn of sales, with UK sales rising by 14 per cent in 2014. However, the British-based Amazon.co.uk Limited subsidiary recorded a profit of [...]
Retailer Amazon paid just £11.9mn in tax in 2014 June 25, 2015 The online retailing goliath Amazon’s UK business paid just £11.9mn in tax last year, despite earning £5.3bn in sales from British shoppers. Amazon’s Luxembourg arm, called Amazon EU Sarl, took in the £5.3bn of sales, with UK sales rising by 14 per cent in 2014. However, the British-based Amazon.co.uk Limited subsidiary recorded a profit of [...]
Debenhams share price edges up after reporting better than expected results June 25, 2015 Struggling department store Debenhams has had a better-than-expected quarter, but with the share price up just a notch it seems investors are still unsure. The figures Debenhams' like-for-likes were flat for the 15 weeks to 13th June, and up 0.9 per cent for the 41 weeks – ahead of analyst expectations of a decline [...]
Superdrug profits get makeover as chain plans further expansion June 24, 2015 HEALTH and beauty retailer Superdrug saw a jump in profit in 2014, the firm said yesterday. The chain, which is a part of the AS Watson Group owned by CK Hutchinson, made an operating profit of £38.2m compared with £25.8m in 2013 and a loss of £6.4m in 2012. Its health range saw sales growth of [...]
John Lewis has started selling the iPhone, Samsung Galaxy S6 and other smartphones, partnering Vodafone to offer contracts June 23, 2015 High street favourite John Lewis is going mobile and will for the first time stock smartphones on its shelves in an ambitious move to sate people's appetite for mobile devices and grab a share of the rocketing market. More than 25 sim-free handsets will go on sale online from today, while the department store is [...]
Lloyds Banking Group share price dips as government slashes its stake June 23, 2015 Shares in Lloyds Banking Group dipped to 86.9p this morning after it emerged the government had cut its stake in the bailed-out bank to less than 17 per cent. This could be among the final tranches of shares sold to institutional investors: chancellor George Osborne has said the government was planning to wrap up its current [...]
Italy’s Ferrero goes hazelnuts for Thorntons June 22, 2015 ITALIAN confectionery giant Ferrero International is hoping to treat itself to another box of chocolates after offering to buy Thorntons for £112m yesterday, sending shares in the ailing retailer soaring by 43 per cent. The family-owned chocolatier behind Nutella, Kinder and Ferrero Rocher has offered to pay 145p per share in cash for Thorntons, reflecting [...]
Housing market looking healthy in latest figures – London Report June 21, 2015 EVIDENCE of improvement in the housing market is expected this week when the British Bankers Association releases its mortgage approvals data for May. The figures, out on Wednesday, are likely to show that approvals for house purchases rose for a fifth consecutive month in May, climbing to a 14-month high of 43,800 from 42,116 in [...]
Tesco first quarter results and AGM: Three things to expect from Friday’s figures June 21, 2015 Tesco will update the market on its first-quarter figures – the first since reporting its biggest ever loss – while executives will face shareholders at its AGM. Here's what to expect from the supermarket on Friday. 1. The numbers will continue tumbling The supermarket’s first quarter is unlikely to tell a different story from the [...]