U-turn: Amazon says it will NOT block UK Visa credit cards from Wednesday in last minute deal January 17, 2022 Amazon just said it will no longer block UK Visa Credit cards from Wednesday, as the e-com giant initially planned to do. Under a last minute deal, UK-issued cards will still be allowed to carry payments, the company said. Amazon said it is “in talks” with Visa to reach an agreement. ‘Applying pressure’ Responding to [...]
Owner of Gary Neville’s production company Buzz 16 returns to the black as revenue rockets May 22, 2024 The owner of Gary Neville's production company Buzz 16, which recently co-produced the Amazon Prime documentary about Manchester United's treble-winning season, returned to the black after its revenue surged by £80m.
Wall Street dragged down by sinking Amazon shares July 30, 2021 US stocks fell sharply on Friday morning driven by shares in Amazon sinking after the EU slapped the firm with a record fine. The blue-chip S&P 500 dropped 0.51 per cent, while the Dow Jones and the Nasdaq 0.36 per cent and 0.66 per cent respectively. Shares in Amazon sunk as much as 7.1 per [...]
Amazon falls short of estimates amid retail competition July 29, 2021 Amazon reported second quarter sales that missed Wall Street expectations on Thursday, in a rare shortfall as rival retailers ramped up online sales and brick-and-mortar made a recovery when lockdown restrictions eased. The e-commerce giant posted net quarterly sales of $113.08bn to June 30, up from $88.91bn a year earlier. Its results fell short of [...]
Amazon to open its first physical store outside the US in the UK this morning October 6, 2021 E-commerce giant Amazon is opening its first store in the UK this morning, selling items including books, technology and toys, as the online retail behemoth continues its expansion in physical retail. The US company will open the first Amazon 4-star store outside the US on Wednesday at 10am at the Bluewater shopping centre, near Dartford [...]
Amazon launches own-brand groceries on its UK website August 16, 2021 Amazon has added own-brand groceries to its UK website as it amps up competition with Britain’s supermarkets. Never one to miss out on a lucrative business opportunity, the company capitalised on lockdown restrictions during the Covid-19 pandemic by expanding its online groceries service. Amazon Fresh expanded its next-day delivery service to customers across the UK [...]
Amazon posts another jump in sales but warns of ‘billions’ of additional Q4 costs October 28, 2021 Amazon has warned investors it is expecting to incur “several billion dollars of additional costs” due to labour shortages, increased wage costs and global supply chain issues. The firm posted third quarter sales of $110.8bn (£80bn) in the three months to end of September, a 15 per cent jump year on year. Amazon said the [...]
The world is not enough: Amazon’s streaming push continues with $8.45bn deal for Bond studio MGM May 26, 2021 Amazon has confirmed it will acquire iconic film studio MGM in a deal worth $8.45bn (£6bn). MGM has more than a century of filmmaking history and is the home of a string of famous titles, including Tom & Jerry, The Wizard of Oz and the James Bond franchise. In a statement today the companies said [...]
FTSE 100 today: London markets brace for cautious start amid weak global cues, BoE policy decision holds key February 1, 2024 Asian markets mimic Wall Street's decline while oil prices rise amid Middle East tensions. Investors await the Bank of England policy decision and focus on upcoming earnings reports from Apple, Amazon, and Meta.
Amazon to pay compensation to shoppers injured by third-party products August 10, 2021 Amazon will start paying customers who are impacted by dangerous goods sold by third-party merchants on its US platform in a move that could reduce litigation. The ecommerce giant today said it will start offering compensation for personal injury or property damage of up to $1,000, effective from 1 September. Amazon added it may step [...]