City of London Corporation teams up with Amazon to cut delivery vehicles and improve air quality January 7, 2021 The City of London Corporation has approved its first Last Mile Logistics Hub to consolidate deliveries across central London, reduce traffic and cut harmful emissions. The Planning and Transportation Committee approved the initiative which will transform 39 car parking spaces within the underutilised London Wall Car Park into a hub for Amazon Logistics. The final leg of [...]
Tech stocks get ready for a rocky road ahead October 24, 2022 BIG TECH braces itself for another testing earnings season, as the biggest names in Silicon Valley post their quarterly figures this week. Kicking off the tumble last Friday, Snapchat posted a rocky quarter, citing squeezed ad spend and ongoing macroeconomic uncertainty as the main driver. Not only has Snapchat’s parent firm lost a quarter of [...]
World’s richest people revealed as top 20 add $700bn to their wealth April 2, 2024 The world's 20 richest people have added around $700bn to their combined wealth over the last year, according to Forbes latest rich list.
Amazon to give frontline staff $500m in bonuses amid safety concerns November 26, 2020 Amazon will give its frontline staff working over the holiday period combined bonuses worth $500m, the firm confirmed today. The bonus comes at the end of a year in which the e-commerce giant has come under intense scrutiny over working practices for employees amid the coronavirus pandemic. Sales at the tech firm have soared this [...]
Revealed: These are Britain’s most popular companies to work for September 21, 2022 New research has revealed the top companies Brits want to work for the most. The data shared with City A.M. analysed the top searches for jobs and careers on Google, to see which private sector companies Brits are keenest to work for currently. Tesco came out as the most popular company, with the multinational supermarket seeing [...]
Amazon to escape UK tech tax as global crackdown falters October 14, 2020 Amazon is facing fresh scrutiny over its tax liabilities after it emerged the tech giant will not be affected by the government’s landmark digital services tax. In April ministers unveiled the new tax — which charges a two per cent levy on the revenue of internet companies — saying it would ensure companies contribute their [...]
Gen-Z needs more digital skills says tech secretary February 20, 2024 Digital skills are crucial for the UK's workforce and the duty to educate lies partly with big tech companies, Michelle Donelan has said.
Mega-merger on the way as Mondi set to buy UK rival DS Smith for £5.1bn March 8, 2024 Mondi is set to buy its smaller rival DS Smith for £5.1bn, the firms revealed in a stock exchange announcement. The deal, which had been rumoured since last month, saw Amazon packaging giant DS Smith’s shares jump 11 per cent on the day. Now, the two firms confirmed the agreement for a possible takeover, which [...]
US tech firms dominate web searches reaching more than 40m monthly hits each December 7, 2021 Alphabet's Google, Facebook, Amazon and Microsoft are the only website publishers to reach more than 40m people in the UK each month, according to Ipsos Iris data.
Meta: Watchdog greenlights changes to advertiser data rules on Facebook August 20, 2024 The UK’s competition watchdog has given the green light to new commitments from Meta to better protect the data of advertisers on Facebook. Since June 2021, the Competition and Markets Authority (CMA) has been looking into whether Meta has unfairly data from its advertising services to give its Facebook Marketplace an edge over competitors. After [...]