Amazon Web Services opens first startup support centre outside US in London’s Silicon Roundabout August 20, 2015 If you were looking for more evidence that Tech City is booming: Amazon has just announced it will open its first startup support centre outside the US – and is basing it in London’s Silicon Roundabout. Competition between cloud-based infrastructure providers has heated up recently, with Alibaba, Microsoft and Google all reporting rapid growth in [...]
Ocado’s share price climbs as sales rise – but order sizes slip March 15, 2016 Ocado may have lost out on a lucrative tie-up with Amazon, but sales are still surging ahead, its latest update shows. The figures Gross group sales at the delivery business – which includes its Morrisons agreement – rose 15.3 per cent to £312.4m in the 12 weeks to 21 February, while retail sales – which includes Fetch and Sizzle [...]
Tech stocks rebound on Nasdaq – Netflix, Facebook, Amazon and Apple share prices are on the up after Black Monday August 25, 2015 Tech stocks have rebounded after a dismal Black Monday. Netflix has had one of the biggest rallies in early morning trading, up around seven per cent, while Apple was up around 4.5 per cent. The tech-heavy Nasdaq, on which Apple is the heaviest weighted stock, was up more than three per cent after global markets [...]
Apple said to be exploring original film and TV production for Apple TV, going up against Netflix and Amazon Prime September 1, 2015 Netflix, look out – it looks like Apple might finally be making the leap from tech to entertainment, as rumours grow that the Cupertino tech giant is looking to produce original movies and TV shows. The company is holding meetings with Hollywood execs to discuss producing original programming for Apple TV, reports Variety. The push [...]
What does the future hold for mutant equity crowdfunding? September 1, 2016 For the first time since the industry emerged in 2011, according to Beauhurst data, the number of successful equity crowdfunding campaigns fell in the first half of this year. It is therefore an appropriate moment to reassess what the sector’s future may look like. Equity crowdfunding platforms have a simple business model: they enable companies to raise [...]
Amazon share price soars 15pc as sales and earnings smash expectations July 23, 2015 The figures Amazon smashed analysts' expectations, with a $23.18bn revenue over the quarter. Analysts had high hopes for Amazon’s sales, with forecasts of a 16 per cent jump in sales, and even so, the company managed to out-do them. Earnings per share came in at $0.19, against expectations of a $0.13 loss. The company’s share [...]
BT just had a really great quarter July 28, 2016 BT surged ahead despite concerns over its Openreach business, sending shares three per cent higher in early trading. The figures Revenues at the telecoms firm jumped 35 per cent in the first quarter to £5.7bn while pre-tax profit increased by 13 per cent on the same period last year to £717m. The recently acquired EE landed [...]
Amazon to recreate Black Friday deals frenzy for Prime members July 6, 2015 AMAZON is hoping to stir up the same shopping frenzy as Black Friday by launching a new global shopping day next week with thousands of promotional deals. The online retail giant is turning 20 years old next week and, as part of its celebrations, will launch Prime Day at midnight on 15 July, which it [...]
British business lost a billion pounds to cyber crime last year June 13, 2016 The cost of cyber crime to British business came in at £1bn last year but the true price could be even higher, experts have warned. The number of online fraud crimes jumped nearly a quarter for the year to March, with 37,070 reported to the City of London's national Action Fraud reporting centre, which is the central [...]
Amazon’s UK sales jump by 14pc June 25, 2015 UK sales at online retailer Amazon rose 14 per cent to £5.3bn last year, as British consumers engaged in an online shopping bonanza. A filing with Companies House showed Amazon’s UK division recorded a profit of £34.4m during the period, paying out £11.9m in tax. UK sales accounted for 9.4 per cent of Amazon’s global [...]