Amazon Reports £1.6bn Loss in Q2 Amid Rivian Automotive Investment Impact
Amazon reports a net loss of $2.0 billion in Q2, down from a profit of $7.8 billion in the...
investment
THG-SoftBank Investment Deal Terminated Amid Economic Uncertainty
In a surprising turn of events, SoftBank has terminated its £1.6 billion investment deal with THG, citing global economic...
Amazon UK Tax Contribution Surges to £648m as Revenues Top £23bn
Amazon UK has announced it paid £648 million in taxes last year as its revenues reached over £23 billion,...
Sainsbury’s Sales Decline Amidst Intensifying Household Budget Pressure
Sainsbury's reports a 4% drop in first-quarter like-for-like sales, citing increased pressure on household budgets. Despite this, grocery performance...
Naked Wines Bounces Back with £2m Profit Amidst Challenging Market
Naked Wines reports a strong year with adjusted EBIT at £2m, up from a loss of £1.5m in FY21,...
New CFO Appointed at The Midcounties Co-operative
In a major shakeup at The Midcounties Co-operative, Peter Kelly has been appointed as the new chief financial officer,...
Sainsbury’s Invests £500m to Tackle Cost of Living Crisis
In response to the cost of living crisis, Sainsbury's is investing over £500 million to help customers manage inflation....
Asda Sales Drop Amid Economic Challenges and Strategic Investments
Asda reports a 9.2% drop in Q1 like-for-like sales, with food sales down 7%, as households' disposable income falls...
THG Aims for £14bn Capacity with New Warehouse Investment and Expansion Plans
In a recent trading update, THG's boss Matthew Moulding reveals plans to increase capacity to handle up to £14...
Lidl Invites Public to Identify New Store Locations with Finder’s Fee Offer
Lidl is investing £1.3 billion in expanding its stores across the UK over the next two years and is...