Amazon in new UK tax row as revenues surge
The British arm paid just £293mln in tax in 2019 in spite of revenues rising by more than a quarter to £13.7bn.
Company
Amazon.com Inc
NASDAQ:AMZN
Amazon.com Inc provides a range of products and services to customers. The products offered through its stores include merchandise and content that it purchased for resale and products offered by third-party sellers. The company manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo and Ring, and it develops and produces media content.
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Amazon.com fined by competition watchdog for delaying Deliveroo investment investigation
The UK arm has also appointed John Boumphrey as the new boss
Amazon announces 10,000 new permanent UK roles
Of the total, 3,000 have already been filled in the previous months while 7,000 are still vacant
Investments and investor services
UK cybersecurity body warns of fake celebrity-endorsed investment scams
The warning comes only a month after the Twitter bitcoin scam, while retail investing is popular among people stuck at home
Amazon delivers record quarterly profit, announces satellite broadband investment
"That growth has been driven by third party sales executed through the Amazon platform is testament to how powerful and scalable the retail model is," said one analyst
The British government continues to walk a wobbly tightrope, as inflation, social unrest and economic recession all threaten
Messrs Sunak and Johnson have broken the mould of the Conservative party big style
Investments and investor services
Esports market value forecast to hit US$6.8bn by 2027
A report from Grand View Research said strong sponsorship and the advent of 5G internet were among the key factors expected to drive strong growth in the sector over most of the next decade
Amazon acquires self-driving car group Zoox
The purchase follows previous investments by the e-commerce giant in other autonomous vehicle groups such as self-driving car firm Aurora and electric truck developer Rivian
CMA revises findings in Amazon/Deliveroo probe, approves investment
The CMA originally cleared the investment in April, saying that Deliveroo would go bust without Amazon’s cash injection, however it said on Wednesday that this had not been the case
CMA extends deadline for ruling on Amazon’s Deliveroo investment
The regulator will now until August 6 to make its final ruling on the investment, compared to the previous deadline of June 11
Jeff Bezos invests in British logistics startup Beacon
The company is looking to disrupt the freight-forwarding market
Amazon tells investors to “take a seat” as billions of profits to be invested in coronavirus-related plans
Usually, the online shopping giant would make US$4bn in quarterly profits, which will be invested to ramp up capacity and safety
Amazon’s Deliveroo investment gets CMA clearance as takeaway firm risks failure amid pandemic
The regulator said without the cash injection it was “clear that Deliveroo would not be able to meet its financial commitments and would have to exit the market”
Markets are down, but not quite out: as yet, the coronavirus situation bears little resemblance to 2008
Markets were already over-heated, which means the correction in real terms isn't as severe as it would otherwise have been
Amazon and other tech giants under pressure as UK government quietly enacts digital services tax
The new law will levy a 2% tax on revenues earned by search engines, social media platforms and online marketplaces that have UK revenues of over £25mln
Amazon founder Jeff Bezos’s US$10bn ‘earth fund’ upsets green lobby
Several environmental groups have pointed the finger at the tech giant's practices
Amazon.com shares soar as internet shopping giant's quarterly results smash expectations
The group saw its net quarterly sales rise by 21% to $87.4 billion, while net income increased by 8% to $3.3 billion
Amazon’s plans for stake in Deliveroo to get in-depth competition investigation
The Competition and Markets Authority will release a decision “as soon as is reasonably practicable”
Amazon fires back at Pentagon decision to award $10 billion JEDI cloud contract to Microsoft
The online retailer believes Trump has unduly influenced the defense department's decision thanks to a long-standing rivalry with CEO Jeff Bezos
Amazon misses the mark with 14% drop in profits
The company warned that operating income in the next quarter is expected to be between US$1.2bn and US$2.9bn, compared with US$3.8bn last year
Amazon told to steer clear of Deliveroo data as CMA launches investigation
The Competition and Markets Authority (CMA) will evaluate whether the merger would “result in a substantial lessening of competition” in the UK
Forever 21 files for bankruptcy protection, plans to close most of its stores in Asia and Europe
The privately-owned teenage fashion retailer said the restructuring will allow it to focus on the profitable core part of its operations in the US
Rivian catapults to Tesla's line of sight after massive electric vehicle order from Amazon
Rivian received an order for 100,000 delivery vans from the online retail behemoth
Amazon.com posts below-forecast second-quarter earnings as operating expenses jump on increased Prime delivery costs
The world’s biggest online retailer saw its net income rise to $5.22 per share for the quarter ended June 30, up from $5.07 per share a year earlier, but below analysts’ expectations of $5.57 per share
FANGs ain't what they used to be: Facebook, Amazon, and Google-owner Alphabet all set to report this week
Facebook reports earnings after the bell on Wednesday, with Amazon and Alphabet both due on Thursday, after Netflix disappointed last week
Amazon creates more than 2,000 new UK jobs as it pursues expansion
The new hires see Amazon's UK workforce grow to more than 29,500
Hardware & electrical equipment
Facebook unveils new Libra cryptocurrency
The social media giant unveiled the digital currency in a whitepaper on Tuesday, with an official public launch planned for next year
Morrisons and Amazon to expand home delivery service to more UK cities
The announcement comes a month after Morrisons loosened an exclusive arrangement with Ocado
Traders cash in on NoveBay Pharmaceuticals a day after the stock exploded tenfold
On Wednesday morning, the company announced that its dry eye treatment was available on Amazon
Amazon now carrying NovaBay Pharmaceuticals’ Avenova eye-care product; shares skyrocket
Avenova is available without a prescription on Amazon's new direct direct-to-consumer online channel
Space is the place... for capitalism
Are the billionaires battling it out in the 21st Century space race going to generate untold riches for their backers and send existing industries down a black hole?
Hardware & electrical equipment
Apple to replace iTunes with apps as it faces possible antitrust investigation
Tech stocks were hit by reports of potential antitrust probes into Apple, Facebook, Google and Amazon
Investments and investor services
S&P/ASX 200 futures slightly up after US tech stocks smashed overnight
S&P 500 Index finished down 0.28% to 2,744.4 last night
US owner of Boots the Chemist could close over 200 UK stores in the next two years: media report
New York-listed Walgreens Boots Alliance Inc. had said in April that it was undertaking a review of the Boots estate "focusing on low-performing stores and opportunities for consolidation"
Will M&S be too late to the online party? Liberum thinks so…
M&S will have to deal with fierce competition: Waitrose recently unveiled ambitious plans to treble the size of its online business, while Tesco, Sainsbury and Amazon.com have been investing into their delivery propositions for a while
Just Eat shares go sour as Amazon backs Deliveroo in US$575mln funding round
The funding round takes the total amount raised by Deliveroo to US$1.53bn
If you can’t beat them, join them: Next partners with Amazon
Amazon has been a thorn in the side of bricks-and-mortar retailers for years, but the ecommerce giant’s customers will now be able to go into Next stores to pick up their parcels
Hardware & electrical equipment
Apple breaks through US$1trn and reclaims its number one position
The tech giant reclaimed its position as the world’s most valuable publicly-traded company when trading opened on Wall Street
Amazon more than doubles profit in the first quarter but revenue growth slows
Amazon announced that it will spend US$800mln in the second quarter on plans to cut shipping times to one day for Prime members
US markets finish mixed as Dow drops triple digits on slashed 3M guidance
Otherwise, US markets finished in the green on another busy day of earnings season
Hardware & electrical equipment
Microsoft flies above $1trn high as cloud lifts earnings
The Windows software developer is currently the most valuable company in the world
Hardware & electrical equipment
WANdisco loses its groove as losses widen
The IT firm reported a pre-tax loss for the year of US$19.4mln, wider than the US$14mln loss the year before, while revenue fell to US$17mln from US$19.6mln
Archive
FTSE 100 closes in the red as resource stocks come off the boil
After hitting a six-month high on Tuesday afternoon, London's blue-chips took a step back on Wednesday
Netflix turns south in roller-coaster trading following worrisome quarterly report
Executives reassured investors that competition from Apple and Disney isn’t as troublesome as some thought, but its shares dipped again
Blue Apron stock climbs after replacing CEO
CEO Bradley Dickerson will pass the baton next week to Etsy’s former chief operating officer Linda Kozlowski
Are tobacco and supermarket stocks not the “safe harbour” investments they once were?
Most safe harbour stocks have been confined to a select group of market sectors that include tobacco and food retailers, although enthusiasm seems to be waning for these once dependable stocks
Hardware & electrical equipment
Amazon is planning a free news app for Fire TV
The app is expected to feature digital content and live video from various TV networks, according to sources
The residential Real Estate industry prepares for its day of reckoning
There’s no denying that the buy-side of the real estate industry has been, and remains, ripe for disruption
Investments and investor services
S&P/ASX 200 trends steadily higher led by Energy and Materials
The ASX200 is up 17.1 points or 0.30% higher to 6,153.1.
Hardware & electrical equipment
Samsung and Apple face tough battle in tackling stagnant smartphone market
Samsung said first-quarter profit would likely miss market expectations due to declines in chip prices and slowing demand for display panels
Google’s Stadia platform promises to up-end the gaming industry, but what does it mean for investors?
Stadia promises a paradigm shift for the gaming industry, which has already in recent years seen huge incursion by smart phone games like Candy Crush
Hardware & electrical equipment
Global Gaming's X2 Games to share a booth with Amazon at the Game Developers Conference
The company will also showcase St Noire, a murder-mystery board game that you play with Amazon Alexa at the South by Southwest Conference
B&M shares gain as Barclays initiates coverage with 'overweight' rating
"B&M has entered a virtuous circle in which like-for-like sales growth and new store expansion increase its volumes, which in turn reduce its cost ratios and allow it to invest in prices and put pressure on peers," Barclays said
Amazon.com closes all 87 pop-up stores
The shutting of the small shops is set to occur before the end of April, per the Wall Street Journal
GNC Holdings set to sell women's health products after tie-up with Alani Nutrition, Amazon
Alani Nutrition is a women's supplement brand, which provides a range of health and sports nutrition products
Sainsbury's continues to trail behind rivals in latest industry data
Sainsbury's was the only big four supermarkets to post a sales decline
As M&S and ITV unveil tie-in deals, is the plug-and-play/consolidation model becoming the default catch-up method for digital?
With M&S choosing to anchor itself to online grocer Ocado and ITV and the BBC pooling their efforts in online streaming, have tie-ins and consolidation become the best strategy to ward off the surge in digital competition?
Hardware & electrical equipment
Amazon to New York: Drop dead
The e-commerce giant abandons its plan to build a headquarters in Long Island City after an outcry over incentives
Amazon’s recent delivery expansion is bad news for Royal Mail, says UBS
The Swiss bank has highlighted the recent growth of Amazon’s delivery business in the UK as a key factor in why Royal Mail is struggling to charge more for delivering parcels
Ocado shares drop as it warns fire at Andover warehouse will hit sales
Following the news of the fire, Peel Hunt downgraded its recommendation to ‘hold’ from ‘buy’ and slashed its target price to 1,000p from 1,700p
Google parent Alphabet’s investment splurge makes investors twitchy, overshadows revenue growth
The firm’s capital spending came in at US$7.1bn in the fourth quarter, up from US$4.3bn a year ago and taking the 2018 total to US$25.1bn, almost double 2017's figure of US$13.2bn
Wall Street finishes up with boost from technology companies
Shares of tech giant Alphabet (NASDAQ:GOOGL), the parent company of Google, closed up 2.5% but dropped 3.5% in after-hours trading
American Rebel builds a patriotic brand by embracing its connection to the heartland
Nashville music star Andy Ross rides the concealed carry wave by marketing coats and backpacks designed to hold guns and cracking open the market for safes and vaults
Charlotte’s Web spins a tale of growth in the hemp-based CBD space
What sets Charlotte’s Web apart from other hemp-based CBD companies is brand recognition, customer loyalty, and a growing distribution network
Amazon.com declines after e-commerce giant issues disappointing 1Q guidance
Earnings beat expectation, but the company's outlook pushed shares down
Hardware & electrical equipment
Microsoft shares slip on second quarter revenue miss
The results, which came in after-hours on Wednesday, reported revenues of US$32.47bn, up 12% year-on-year but just a touch below analysts' expectations of US$32.51bn
Peel Hunt shuffles ratings in media sector, Auto Trader and Euromoney dip on downgrades
The broker also slapped a downgrade on Moneysupermarket, while YouGov and Huntsworth were given better treatment and upgraded to 'buy' ratings
Hardware & electrical equipment
ROBO Global says smart factories with robots, automation will flourish in 2019
The ROBO Global Robotics & Automation Index captures the investment opportunity in robotics, automation and artificial intelligence
Google owner Alphabet fined €50M by France’s privacy regulator for breaching EU data protection rules
Google has come under CNIL’s scrutiny many times before but, under the old rules, fines couldn’t exceed the maximum of €150,000
Hardware & electrical equipment
Global Blockchain Technologies says X2 Games is new business focus
The acquisition of the gaming company established Atari co-founder Nolan Bushnell and Hollywood creative director Zai Ortiz in key leadership roles
American Rebel to exhibit its products at a slew of prominent trade shows
The company has a busy trade show schedule in the first quarter starting with the NSSF SHOT Show, NRA Great American Outdoor Show, NBS Spring Semi-Annual Market Show and the Iowa Deer Classic
BSQUARE and Amazon Web Services collaborate to accelerate Internet of Things adoption
Acting CEO Kevin Walsh says the tech software company would mine the collaboration with AWS to develop 'more advanced solutions' for its customers
Blue Apron shares pop on forecast of 1Q profitability
Blue Apron's partnership with the diet chain WW (Weight Watchers) is seeing “higher-than-expected demand” to date
Hardware & electrical equipment
Amazon takes top spot as most valued firm, but what happened to Apple?
The iPhone maker and tech giant beat Amazon last year to be the first US$1trn firm in history, however a series of glum figures and a shock profit warning have cut its stock price by 36%
Amazon takes over from Microsoft as world's most valuable listed company
Amazon was valued at US$797bn when the US stock market closed on Monday
Investments and investor services
FTSE 100 closes higher as markets climb on trade talk optimism
Trade talks between China and the US are said to be going very well, which has lit a fire under US equities
CryptoCann™ Report: Overstock to pay some Ohio taxes in Bitcoin; Oregon ended the year with 1.3M pounds of unsold cannabis flower
The leftover dried cannabis inventory may pressure Oregon growers to lower prices
US stocks erase Christmas Eve dive by delivering a Boxing Day boost
The Dow climbed by more than 1,000 points as gains from retail and energy stocks helped Wall Street to recover from severe losses endured on Christmas Eve
CryptoCann™ Report: Atari to offer blockchain-based games; former Miami Dolphin Ricky Williams launches CBD products line
Atari is teaming up with blockchain start-up Animoca Brands to create blockchain-based versions of mobile games 'RollerCoaster Tycoon Touch' and 'Goon Squad'
Investments and investor services
Small-Cap Snapshot: Oxford Industries erases early losses to edge higher; SendGrid Inc climbs on cybersecurity device
Berkshire Hills shares slump on acquisition, Uxin stock soars as partnership with Alibaba off to strong start
'Big Four' grocers continue to lose market share to Aldi and Lidl; Morrisons rises on Amazon bid talk
Asda was the only supermarket among the so-called ‘Big Four’ to maintain market share in the period, Kantar Worldpanel revealed
Oppenheimer analyst offers thoughts on Amazon Web Services' unveiling of AWS Outposts
Oppenheimer's Ittai Kidron says the move illustrates the 'importance and rising popularity' of hybrid cloud architectures
Hardware & electrical equipment
Airbnb taps seasoned Amazon finance veteran as new CFO
The appointment of Dave Stephenson, who has extensive public company experience, fuels speculation that an IPO could come as soon as next year
Black Friday shoppers spent more than $6 billion from the comfort of their couch
US consumers are expected to spend as much as $721 billion this holiday season, about 5% higher than last year
Cyber Monday Roundup: Amazon, Best Buy and Walmart slash prices ahead of the holiday
Cyber Monday shoppers are expected to spend up to $7.8 billion
Archive
Fuller's to be toast of the city on Black Friday
Fullers aside, it looks set to be another quiet Friday in London, with most of the City out bagging some deals in the Black Friday sales
Wall Street stocks dive to weak close to erase 2018 gains for Dow, S&P 500
Selling spree in Apple accelerates after report it may have sliced production orders for all three iPhone models launched in September
Investments and investor services
Super Micro Computer reports higher 1Q fiscal revenue and earnings amid Chinese spying controversy
The supplier has been mired in accusations China planted spy chips in its motherboards, which were used by Apple and Amazon
Hardware & electrical equipment
FAANG Report:Amazon's 2HQ decision shows its long game; a buying opportunity in Apple?
Facebook confirms feud with Apple; Netflix picks up Korean drama set in Spain
Hardware & electrical equipment
FAANG Report: Amazon and Google in race for high-tech talent; Facebook becoming a job site
Apple looking to give away its watches through insurance programs, Netflix eyes mobile subscription plans
Blue Apron misses on revenue in 3Q, cuts workforce to reach profitability in 2019
The total number of subscribers to the meal kit delivery service slipped 25% to 64,600
Hardware & electrical equipment
FAANG Report: Backlash building against Amazon's second HQ; Facebook woos teens
The e-commerce giant surprised many with its decision to split its second headquarters
EARLY MOVERS: Home Depot shares climb as market cheers quarterly results; Amazon's HQ2 plans in focus
Also in play before the New York bell is Pacific Gas & Electric Company and Advance Autoparts
Investments and investor services
Wall Street stocks finish mixed as players digest US-China trade talks
Treasury Secretary Steve Mnuchin and Chinese Vice Premier Liu He kicked off talks to settle a simmering trade war ahead of the G20 summit
Hardware & electrical equipment
FAANG Report: Apple top seller in Alibaba's online shopping spree; Amazon discounts start Friday
New scam is making the rounds of Facebook while Amazon lists its device discounts going up this Friday, November 16
UK sportswear retailers: Pick JD Sports over “unloved” Sports Direct, says Berenberg
Berenberg analysts think Sports Direct will be pushed to the side by the likes of Nike and Adidas, while they are unconvinced by the ‘Selfridges of Sport’ ambition
Hardware & electrical equipment
FAANG Report: Google overhauls sexual harassment policy; Netflix ready for streaming battle with Disney
Facebook making available a feature to unsend messages, but only for 10 minutes
European Commission seeks input on investigation into Disney pay-TV commitments
The watchdog said it was concerned that clauses in contractual deals between six film studios, including Disney and Sky, could prevent programmes being shown across borders
Hardware & electrical equipment
FAANG Report: Google expanding presence in New York; Facebook launching dating service in Canada
Attempt by US Post Office to raise rates it charges retailer Amazon could well end up backfiring against the government
Five key questions for Sainsbury's boss Mike Coupe on proposed Asda merger
Some investors have raised concerns about the complexity involved in combining two very different brands