Covid-19 drives growth at Microsoft as cloud business benefits from home working January 26, 2021 Revenue was up at Microsoft in its second quarter, with the pandemic accelerating the company’s switch to cloud-based computing. Microsoft beat Wall Street estimates for revenue growth from Azure, it’s cloud computing service, as the software giant continued to benefit from a global shift to working and learning from home. The company’s shares, which gained about [...]
Amazon to open supermarkets across US in food business expansion March 2, 2019 Amazon is looking to open dozens of supermarkets across America as it tries to expand its food business. The online retailer is also exploring the option of buying regional chains that have at least 12 stores as it bids to strength its new supermarket brand, according to the Wall Street Journal. Read more: New York leaders beg Amazon to [...]
Digital is eating the world, but… May 18, 2022 Crypto AM columnist Dr Chris Kacher explains why patience is the key to successful cryptocurrency trading.
Ahold Delhaize reports fruitful end of year sales with online boost February 17, 2021 Supermarket giant Ahold Delhaize has reported better than expected fourth quarter sales, driven by a surge of online orders due to Covid-19. Ahold said its sales rose 18 per cent to €19.6bn, topping the €18.5bn seen in a company-compiled consensus. Underlying operating income in the period was €811m, also beating a consensus forecast of €771m. [...]
Consumer survey sees Netflix on top of Covid-19 satisfaction rankings – with Ryanair grounded October 7, 2020 A consumer ranking of how businesses performed for their customers during the Covid-19 pandemic has seen Netflix and Amazon take first and second spot. At the other end of the scale, power companies were seen to be thoroughly underperforming – with more of the bottom five responsible for gas and electricity. Read more: The businesses [...]
Amazon scraps plans for second headquarters in New York February 14, 2019 Amazon has abandoned plans to build its second headquarters in New York City, after facing strict opposition from both state and local politicians. The world's third-most valuable company had announced plans to split its second US headquarters, known as HQ2, across New York and Virginia in November last year. The move was expected to create [...]
Amazon pledges to create 1,000 UK apprenticeships by 2021 February 26, 2019 Amazon today pledged to create more than 1,000 full-time apprenticeships in the UK over the next two years. Read more: Amazon's UK boss made a trustee of the National Gallery The apprenticeship programme will fill positions across Amazon’s UK operations – from software developers for Prime Video and Alexa's machine learning technology to warehouse workers [...]
Big Tech’s market might in five charts September 21, 2020 The largest US technology stocks – Apple, Microsoft, Amazon, Facebook and Google (Alphabet) – known as the “FAMAGs”, tumbled sharply at the beginning of this month, after supercharging the US stock market from the depths of the Covid-pandemic in March. These “superstar” firms have largely benefitted from the economic fallout of the crisis, as more people [...]
FTSE 100 ends the day on a high while Dow hits new record May 5, 2021 Heavyweight mining stocks pushed the FTSE 100 higher today while Wall Street opened higher on strong jobs data as the Dow Jones hit a record high. The blue-chip index closed 1.68 per cent higher, buoyed by chemicals group Croda’s shares soaring towards the top of the index after it announced a business review assessment. The [...]
Apple steps up search engine efforts amid Google antitrust probe October 28, 2020 Apple is reportedly ramping up efforts to develop its own search engine technology as US antitrust authorities put Google’s market dominance under the spotlight. In iOS 14, the company’s latest iPhone software, Apple now shows its own results when users type queries into the search bar on the home page. The changes, which are likely [...]