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Amazon is a “monster” set to continue its winning streak, analysts say

Amazon is a “monster” set to continue its winning streak, analysts say

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Amazon just can’t stop growing. So far the online giant has risen in every single day this year with a record since mid- 2013, pushing the company to the highest point of its 20 years of public company. "Amazon has potential for more gains", said Max Wolff, chief economist of The Phoenix Group. Amazon has managed to outpace its peers, even in a market hitting new highs. The stock has close almost triple the S&P500’s year-to-date gain to 13%. The company is also second best performing FANG stock of the year. It’s right after Netflix. Analysts are giving positive signs for the growth of Amazon. Recently was given the highest forecast among analyst firms by BMO Capital, setting its price target from $1200 to $1600. More than 80% of those…
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Amazon to bid for Premier League UK streaming rights.

Amazon to bid for Premier League UK streaming rights.

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The tech giant is considering challenging BT and Sky for domestic coverage of the world`s most watched football league. Amazon is rumoured to be considering making a bid for the rights to stream Premier League football in the upcoming auction, according to sources familiar with the matter. The rights for the next three years (2019-2022) will be put up for auction in February. Although Amazon has refused to comment on the rumour, the Telegraph states the development was confirmed by two well-placed sources. Facebook has also been linked with the auction, although the social network remains quiet on its plans to expand further into sports. Ed Woodward, the executive vice chairman of Manchester United, fuelled the speculation in September, when he said he expected one or more of the digital…
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Amazon’s Treasure Truck is coming to the UK

Amazon’s Treasure Truck is coming to the UK

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The Treasure Truck will drive around London and Manchester several times a month. Products to choose from will include seasonal items , such as a must-have Christmas presents, products from local businesses, food and deals on limited edition. There also will be a surprise offer, with only limited stock on the truck. You must order a product through the Amazon app first, before going to collect it from the truck. In a statement James Quick, head of Treasure Truck at Amazon.co.uk said "We all remember the sense of excitement we felt as children when we heard the jingle of the ice-cream van, and we hope to bring that same feeling with Treasure Truck". There also will be interactive games,occasional celebrity appearances and special seasonal events. Treasure Truck launched in Seattle…
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Amazon`s Black Friday – 10 days of deals between 17 and 26 November 2017

Amazon`s Black Friday – 10 days of deals between 17 and 26 November 2017

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It`s no secret that biggest day for Amazon is their Black Friday. This year it will take place on 24 November. Amazon introduced Black Friday in the UK in 2010. It has got bigger each year since then. 10 whole days of Black Friday madness running from midnight on November 17 until 23:59 on Sunday, November 26 on the Amazon Black Friday deals page. You will be able to find literally everything - Home and Garden items , kitchen appliance , pet supplies or even some of Amazon's hot selling devices such as the Echo and the Fire will. The highly popular "Lightning Deals" will be included as well - Items available at a discount , in limited quantities , for a short period of time, which will appear on…
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Amazon plans to open a new Severn Beach warehouse in 2018

Amazon plans to open a new Severn Beach warehouse in 2018

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1000 new jobs in 2018 have been promised by the retail giant Amazon, planning to open a new warehouse near Bristol next year. According to Amazon’s Stefano Perago Bristol offers great infrastructure and new jobs will be welcomed by the local people. The new warehouse will be the 14th UK site of the company and it will open at Severn Beach. The online giant plans on recruiting engineers, IT and HR specialists, operation managers and other employees for its new warehouse. Three more warehouses are set to open this autumn: in Tilbury, Doncaster and Warrington. That will make 24 000 UK employees for Amazon by the end of this year. Amazon said the new warehouse near Bristol will be open to meet the increasing customer demand. The move will also…
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Last Black Friday was the busiest day on Amazon

Last Black Friday was the busiest day on Amazon

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The Black Friday sales on Amazon surpassed all expectations and the day was the busiest in the company’s history. Over 5,5 million goods were ordered and 64 items sold per second on the last Black Friday. According to Amazon the consumers’ appetite was bigger than ever. Normally, there were some incidents too – the police dealt with few scuffles at retailers’ stores in UK. Amazon sold 4 million items on the last year’s Black Friday. According to Xavier Garambois, the vice-president of EU retail at Amazon, sales have increased ever since Black Friday was first introduced to the UK in 2010. Last year’s Black Friday record for Amazon was surpassed on Cyber Monday 2013 with 47 purchases per second and over 4,1 million items ordered. Many people traded at night…
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Amazon plans to create 5000 new jobs in the UK this year

Amazon plans to create 5000 new jobs in the UK this year

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The online retail company has made a statement that it plans to hire 5000 new employees for full- time jobs in the UK in 2017. Software developers and warehouse staff are among the most wanted. New jobs will be created at Amazon’s head office in London and in the Edinburgh customer service center as well as in the new warehouses. After the new recruitment Amazon’s workforce in the UK will be more than 24 000 people. The head of the Amazon in UK, Doug Gurr, said that the company is creating thousands of new jobs and a lot of apprenticeship opportunities. He also said that Amazon continues to innovate and provide its customers with fast delivery, greater variety and better value. There will be three new warehouses, called fulfillment centers…
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50% drop in Amazon UK tax bill

50% drop in Amazon UK tax bill

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For the last year Amazon has increased its turnover 54% but the amount of UK corporation tax it paid has dropped 50%. How did it happen? While everybody is wondering, the answer seems to be pretty obvious. Taxes are not paid on turnover but on profit. Amazon made a lower profit, that’s why it paid lower taxes. Compared to the last year’s 48 million pounds in profit, this year’s 24 million seems like a serious drop. But this year’s tax Amazon paid were only 7 million pounds, while last year it paid 15. The question is why the profits were lower. The way the company pays its employees might be part of the answer. Amazon UK Services run the countries, where the deliveries are processed, packed and posted to UK…
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VAT fraudsters on Amazon and eBay

VAT fraudsters on Amazon and eBay

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Recent reports by MPs warn that Amazon and eBay are profiting from sellers who defraud UK taxpayers by failing to charge VAT. According to the reports third-party sellers have lost 1,5 billion pounds on online markets not charging the taxes on the UK sales. HMRC was criticized by MPs for not being active enough in pursuing the fraudsters. eBay and Amazon insisted they were working with HMRC to solve the problem. The Public Accounts Committee Chairman Meg Hillier said online VAT fraud was “hugely damaging” for British taxpayers and business. She also criticized the response of HMRC and the marketplaces where fraudsters operate. One of the reasons the fraud increased is because foreign firms selling to UK customers on Amazon and eBay are keeping some stock in UK warehouses to be…
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