Europe lacks giant tech stocks – but it may lead with the ‘industrial internet’ February 1, 2018 In the US, tech firms have been responsible for 42% of the rise in the value of the US stock market since 2014, according to a report in The Economist. Emerging markets too have their own tech giants in Alibaba and Tencent. But where are the tech companies here in Europe? And could emerging technologies [...]
Amazon gears up for launch of new music streaming service August 29, 2016 Amazon could be set to launch its music streaming service as soon as next month. Amazon is thought to be locked in talks with the world’s largest record labels since the news of its coming service was first reported earlier this month. The negotiations are now nearing their end, the Financial Times reports. Read more: Amazon's creating [...]
Editor’s Notes: Predictions are for fools, but here are a few to mull over, may the bitcoin ride continue in 2018 and the best statistic of the year December 22, 2017 Winston Churchill once said “I always avoid prophesying beforehand because it is much better to prophesy after the event has already taken place.” Wise words, which were roundly ignored at a City lunch this week where we went around the table to offer our predictions for 2018. Contributions ranged from the sensible to the more [...]
You can even use Amazon Echo to check your stock portfolio September 15, 2016 Time to ditch your computer screen? Checking how your portfolio is doing or finding out what's going on with a certain stock price is now as simple as asking. Amazon Echo, the home voice assistant device which launched in the UK yesterday, can tell you what the weather is like, play your music or help you keep track [...]
Sainsbury’s is opening a London fulfilment centre to stop Amazon gobbling up its customers September 21, 2016 Sainsbury's is responding to London's growing hunger for online groceries by opening a new fulfilment centre in the capital. The retailer is expecting its online orders in London to double by 2024, and will meet that demand with a new warehouse in Bromley-by-Bow that can fulfil 25,000 orders per week. In total, the fulfilment centre will [...]
Big Data will make or break the businesses of the next decade August 31, 2017 To survive the next decade, businesses will need to be able to utilise Big Data. Buzzword or not, it’s probably the most important feature of the fourth industrial revolution, a new economic asset that will define the near future of commercial evolution. Structured data has been used by companies for a long time, but Big [...]
Amazon’s results have been boosted by growth in its cloud computing services and its second annual Prime Day July 28, 2016 Amazon has been boosted by growth in cloud computing to record better-than expected earnings. The web retailer saw revenues climb 31 per cent to $30.4bn, above analyst forecasts of $29.6bn and up from last year's equivalent figure of $23.2bn. Its Amazon Web Services business recording saw takings up 58.2 per cent to $2.83bn. Amazon also reported [...]
No-el delivery: Christmas shutdown on the cards as union votes in favour of Royal Mail strikes October 3, 2017 A key hurdle preventing a Christmas shutdown of Britain’s postal service was today removed as Royal Mail’s main union backed industrial action. The Communication Workers Union (CWU), which represents 110,000 postal staff, today voted in favour of strike action with 89.1 per cent approval for the motion. Some 73.7 per cent of the membership voted [...]
Now Tesco’s doing same-day click and collect in battle with Amazon August 25, 2016 Tesco's adding a new feature to its online shopping and letting customers order and pick up their items on the same day as it takes on AmazonFresh in the battle for grocery delivery market share. The same-day click and collect service will be available at 300 of Tesco's largest stores across the country in the wake of [...]
City A.M.’s Devilishly Difficult 2017 Sports Quiz Part 2: The odd and business stories from the sporting year December 21, 2017 It has been another vintage year of sporting drama, from the triumphs of Anthony Joshua and Lewis Hamilton to the disappointments of England’s failed Ashes defence and Usain Bolt’s anticlimactic farewell. But as the dust settles on 2017, how much have you remembered about those defining moments, or the storylines playing out off the field, [...]