Amazon posted stronger than expected sales for the 2022 holiday shopping season, but shares fell in after-hours trading on slowed growth for its cloud computing division, AWS (The Financial Times £).
Amazon yesterday beat sales expectations for the last quarter of 2022 after a marketing blitz during the holiday period helped attract shoppers (The Times £).
Amazon raked in more than £120bn of sales in the final three months of the year. The US tech giant said revenues rose 9% to £122bn in the fourth quarter – meaning it made as much as £1.3bn a day (The Mail).
Avara Foods, a leading supplier of chicken to Tesco, is being urged by campaigners to pay reparations to help clean up the River Wye (The Guardian).
Markets rallied yesterday as investors bet that the Bank of England was nearing the end of its restrictive monetary policy after more than a year of firefighting high inflation (The Times £).
The Bank of England has increased interest rates by half a percentage point to a 15-year high of 4%, but suggested that rates may have peaked (The Financial Times £).
The Bank of England has raised interest rates to a 15-year high of 4% as it predicted that the impending recession would be shorter and shallower than previously thought (The Times £).
The Bank of England has blamed the inflationary impact of higher than expected wage rises for an increase in interest rates from 3.5% to 4%, piling more pressure on mortgage payers and businesses struggling to pay off their loans (The Guardian).
Food critic William Sitwell claims in a opinion column for The Telegraph to have found the ultimate answer to our growing obesity crisis. “Grocery prices are up 16.6% year on year while food products and portions are getting smaller, but there is a bright side,” he writes.
No comments yet