Business

Amazon 2017 sales up by nearly a third

Image copyright Getty Images Online retail giant Amazon saw sales jump by nearly a third last year, and said its Alexa digital assistant had “far exceeded” expectations. Full year revenue came in at $177.9bn (£124.6bn), a rise of 31%. Net income – or profit – was $3bn, compared with $2.4bn in 2016. The company’s performance […]

Business

Thousands face fine for late tax returns

Image copyright Getty Images A total of 746,000 people missed the deadline to file their self-assessment tax return, risking a fine of £100. Some 11.4 million people, primarily those with more than one source of income and the self-employed, were required to complete returns. The deadline for those filling in paper forms was the end […]

Business

Morrisons axes 1,500 middle managers

Image copyright Reuters Morrisons, the UK’s fourth-biggest supermarket chain, is to cut 1,500 middle management jobs. Workers at threat of redundancy will be encouraged to apply for 800 existing management vacancies, the BBC understands. At the same time, Morrisons will create 1,700 more junior, customer-facing roles. The move follows announcements of job losses by Sainsbury’s […]

Business

More Brits become millionaires

Image copyright Getty Images The number of British households that could consider themselves as millionaires rose by nearly a third in two years, official figures show. A total of 3.6 million households in Britain held wealth of more than £1m by June 2016, up 29% in two years, the Office for National Statistics said. Wealth […]

Business

Budget 2017: Tax on takeaway boxes to be considered

Image copyright Getty Images A tax on takeaway boxes is to be considered in a bid to tackle the problem of plastic waste. In Wednesday’s Budget, Chancellor Philip Hammond is expected to call for evidence on whether a tax on the use of the most environmentally damaging single-use plastics would help. Single-use plastics include packaging, […]

Business

Budget 2017: Double Budget effect on your finances

Image copyright Getty Images Two Budgets in one year means the prospect of significant upheaval for your finances – adding to changes we already know about. Chancellor Philip Hammond will probably want his sequel to be less dramatic in political terms than his March Budget. Previous Budgets and government policy mean we need not wait […]