Stockwatch: When you should buy Amazon and Microsoft May 9, 2019 By Edmond Jackson from interactive investor. We've studied the charts, now our companies analyst runs through the fundamentals and gives his view. At a time of questions over durability of growth in US GDP and corporate profits, results in respect of Q1 2019 from Amazon.com Inc (NASDAQ:AMZN)and Microsoft (NASDAQ:MSFT) have beaten expectations. As a result, [...]
Boots hikes profit forecasts as pharmacy sales offset high street slump March 31, 2021 The US owner of Boots today hiked its profit forecasts for the full year as higher pharmacy sales helped offset lower footfall during lockdown. Walgreen Boots Alliance posted an 8.4 per cent increase in profit to $1bn (£725m) in the second quarter, driven by a rise in comparable pharmacy sales in the US. Revenue for [...]
UN chief calls for wealth tax on rich who profited during the pandemic April 12, 2021 The head of the United Nations has urged governments to impose a “solidarity or wealth tax” on rich people who profited during the coronavirus pandemic. UN secretary-general Antonio Guterres said the new tax scheme would help slash extreme inequality. “We must make sure funds go where they are needed most. Latest reports indicate that there [...]
Google accused of insider trading over secret digital ads programme April 12, 2021 Google has been accused of insider trading in the digital advertising market through its use of a secret programme that allegedly gave it an unfair advantage over rivals. Court documents filed in a Texas lawsuit state the scheme, dubbed Project Bernanke, used access to data about past bids in Google’s advertising exchange to give it [...]
Screenshot: How did a software glitch break the internet? June 11, 2021 This week **Media Moment of the Week: Motty goes off the rails **How did a software glitch break the internet? **BT’s bolt from the blue Media Moment of the Week: Motty goes off the rails Look, everyone loves John Motson. He’s a juggernaut of football broadcasting and I don’t have a bad word to say [...]
Name-dropping: Elon Musk changes job title to Technoking of Tesla March 15, 2021 Eccentric billionaire Elon Musk has a history of riling shareholders with his unusual behaviour, and his latest stunt could put another black mark by his name. In a stock market filing today, the troublesome tycoon announced he has changed his job title to Technoking of Tesla, in addition to his current role of chief executive. [...]
Amazon to create 2,000 UK jobs in ‘clear vote of confidence’ post-Brexit July 3, 2019 E-commerce giant Amazon will create 2,000 new jobs in the UK this year, as it seeks to up its total workforce to almost 30,000 roles. Amazon said the new positions would include engineers, software developers, data scientists and experts in cloud and machine learning, along with a number of entry-level roles. Of those created, more [...]
Will Amazon’s Deliveroo stake improve its luck in the UK? May 21, 2019 Online retail giant Amazon has made a large investment in food courier Deliveroo, taking a stake in the startup’s latest £450m fundraising round. Amazon has attempted to enter the food delivery market before with Amazon Restaurants UK, which was shut down last year. Amazon also runs Prime Pantry, a service allowing Prime members to order [...]
Future of travel special: Pent-up wanderlust, streaming and, of course, a lot of tech November 16, 2021 After three strict lockdowns, the old adage ‘trip of a lifetime’ has never been more appropriate. Nearly two years into the pandemic, constant reminders of how precious life is have inevitably left their mark, bringing an increased awareness of what really matters, which is quite a motivation for many people to stop putting off that [...]
ITV begins ‘cautiously optimistic’ recovery from production hit during pandemic May 5, 2021 British broadcaster ITV has begun to recover from stalled production during the pandemic, with advertising revenue rebounding 68 per cent this month. In a trading update this morning, ITV said it expected total ad revenue for the first half of the year to rise around 26 per cent compared to 2020, despite pandemic restrictions being [...]