FTSE 100 today: London markets likely to rise on heels of Wall Street’s tech rally February 2, 2024 A tech rally ignites global stocks: Meta soars 15%, while Amazon climbs 7%. Apple drops 3% amidst market turbulence, while oil prices surge. Focus now shifts to U.S. Non-Farm Payrolls.
Bezos Lightyear: Amazon founder set for space June 7, 2021 Amazon founder Jeff Bezos will join the winner of a competition on Blue Origin’s first human spaceflight, with 20 July the target launchdate. Writing on Instagram, the world’s richest man said that he and his brother Mark would join the winner of an auction on New Shepard’s first suborbital sightseeing trip. Bidding for the final [...]
Revealed: Amazon to open 260 supermarkets across UK as it plots to take on Tesco and Sainsbury’s directly November 17, 2021 Amazon has developed detailed plans to storm the UK supermarket sector as the e-commerce is planning to open hundreds of cashierless grocery stores across the country in the next three years. More than 260 Amazon-owned and run supermarkets are to be launched before the end of 2024, namely 60 in 2022, another 100 per year [...]
Global hiring spree: Amazon looking to recruit 55,000 people worldwide September 2, 2021 Amazon confirmed this afternoon it is planning another hiring spree, saying it looks to recruit 55,000 people around the world. The positions range from tech jobs to corporate roles to warehouse work packing and shipping orders for the online shopping giant. While other companies have laid off workers during the pandemic, Amazon’s workforce has ballooned [...]
Amazon tries to cut waste after backlash from ITV investigation August 5, 2021 E-commerce giant Amazon is to reduce rubbish with two new policies following an ITV News investigation which found the company destroying millions of items of unsold stock. The largest online retailer came under fire two months ago after ITV released footage of an Amazon warehouse in Dunfermline, Scotland destroyed everything from laptops and TV’s to [...]
Amazon makes U-turn and allows 50,000 corporate staff to work remotely indefinitely October 12, 2021 E-commerce Amazon said this morning plans to permit many tech and corporate workers to continue working remotely indefinitely as long as they can commute to the office when necessary. It is a change from Amazon’s previous expectation that most employees would need to be in the office at least three days a week after offices [...]
UK competition watchdog ‘to probe Amazon buy box’ June 10, 2021 The UK’s Competition and Markets Authority is planning to formally investigate competition at Amazon, according to reports this morning. The investigation comes amid a similar ongoing one by the EU into Amazon. The UK competition watchdog, which has been analysing the online retailer for months, has focused on how Amazon uses data collected on its [...]
Amazon hikes average starting wage to just over $18 per hour in the US September 14, 2021 Amazon has increased its average starting wage in the United States to more than $18 an hour and plans to hire another 125,000 warehouse and transportation workers. Watch the full report.
Are LVMH, Nestle, L’Oreal and Hermes Europe’s alternative to Microsoft, Apple, Nvidia and Tesla? April 9, 2024 Much has been made of the 'Magnificent Seven' tech stocks - Meta, Apple, Amazon. Alphabet, Microsoft, Nvidia and Tesla - which have dominated the US market amid a boom in demand for AI and, until recently, more optimism over potential interest rate cuts.
Amazon Prime fees could soon rise to over £90 for 15m Brits despite record UK sales of £23.6bn February 9, 2022 Amazon’s UK revenue jumped over 20 per cent last year. That won’t halt a rise of at least 17 per cent in the cost of Prime membership, if it follows the lead of Amazon US. Even though Amazon has just announced record sales of £23.6bn here in the UK, it’s unlikely that will stop a [...]