ii view: Sales boom at Amazon, but so do costs July 26, 2019 By Keith Bowman from interactive investor. Rising costs and disappointing profits overshadow further sales growth at the online retailer. Second-quarter results to 30 June 2019 Net sales up 20 per cent to $63.4 Operating income up 3.3 per cent to $3.1 billion Diluted earnings per share up 3 per cent to $5.22 Chief executive Jeff Bezos said: “Customers [...]
After Facebook, what to expect from Amazon and Alphabet earnings? July 25, 2019 Facebook delivered a beat to earnings forecasts, but with the US Department of Justice launching an investigation can Big Tech continue to deliver for shareholders? Results from Facebook were even better than expected, showing that it continues to drive user growth and ad revenue growth. Facebook is still loved by advertisers. Remember it’s not just Facebook [...]
Sunak ‘confident’ of tech tax progress ahead of G7 finance meeting June 4, 2021 Chancellor Rishi Sunak has said he is “confident” of making “concrete progress” towards a global deal for taxing digital giants when the G7 finance ministers meet over the weekend. Taxing firms such as Amazon and Facebook has become an area of disagreement between the US and a number of other countries. Earlier this week the [...]
Dublin vows to block EU-South American trade deal as the Amazon burns August 23, 2019 Irish Prime Minister Leo Varadkar has promised to vote against a trade deal between the EU and South American countries unless Brazil moves to protect its rainforest. The PM said he was worried about the record levels of destruction in the Amazon, amid fires that are ripping through the forest. He said Ireland will closely [...]
Making it online as an artist – and into the metaverse March 7, 2022 It's a difficult ascent to making it as a digital artist on the way to the metaverse, so Kritarth Chhabra and Jakob Seeger made Lemonade.
ITV in talks to take stake in BT Sport April 30, 2021 ITV is one of the parties in talks to buy BT Sport, a move that could bring major football back to free-to-air television if the sale went ahead. BT yesterday confirmed it was in talks with major streaming platforms to offload a stake in its television arm as it focuses on its broadband division. ITV [...]
Facebook’s value tops $1 trillion after judge throws out US lawsuits June 29, 2021 Facebook last night joined an exclusive club of companies worth more than $1 trillion after a US judge dismissed two antitrust lawsuits brought against the social media company. A federal judge ruled that the legal challenges, which were brought by the Federal Trade Commission (FTC) and a coalition of states, were “legally insufficient” and did [...]
Biden willing to compromise on plans to hike US corporate tax April 8, 2021 US President Joe Biden said last night he is open to compromise on his $2tn (£1.45bn) infrastructure plan amid fiery criticism from businesses over a proposed $2.5tn increase in corporate taxes. Biden faced furious backlash from Republicans, large corporations and members of his own Democratic Party to elements of the proposal he laid last week including major [...]
Wildfire film review – an understated family affair September 3, 2021 Generating some buzz through last year’s festival circuit, Wildfire comes to cinemas followed by sadness both on and off screen. Just as the sisters in the story live with loss in their lives, a dedication at the end alludes to the passing of star Danika McGuigan shortly after the film’s completion, aged just 33. There’s [...]
Budget: Scrap £159 BBC licence fee and sell Channel 4, urges TaxPayers’ Alliance October 26, 2021 The TaxPayers’ Alliance (TPA) has called for the sale of Channel 4 and the scrapping of the BBC licence fee ahead of the Budget this week. The campaign group has also proposed that most of the BBC should be sold off and the corporation cut down to one television channel, radio station and online service. [...]