B2B Engagement

Microsoft and Sony strike games streaming deal

Microsoft and Sony have formed a partnership on video games streaming, despite being fierce competitors. It is expected Sony will use Microsoft’s Azure cloud service to host its upcoming PlayStation streaming service. Microsoft has been trialling a streaming offer of its own, under its Xbox brand. The firms said they would also work together on […]

Amazon makes huge investment in Deliveroo

Online giant Amazon has announced a big investment in food courier Deliveroo. The exact figure was not given, but Amazon is the biggest investor in Deliveroo’s latest round of fund raising, which in total raised $575m (£450m). Deliveroo said it would use the money for international expansion, improving its service and to grow its delivery-only kitchens […]

Amazon launches collection points at Next stores

Amazon has launched a service for customers to collect parcels from pick-up points inside Next shops. The new service is called Amazon Counter, and Next said its participation would help the chain stay relevant in a tough retail environment. UK shops have been struggling with many pressures, including competition from online retailers such as Amazon. […]

Uber shares sink on stock market debut

Uber shares slid to close 7.6% down on their first day of trading, as the highly anticipated share market listing failed to win over investors. Boss, Dara Khosrowshahi, was among those who rang the opening bell of the New York Stock Exchange to begin trading. By the end of the session shares were at $41.51 […]

Shares in vegan burger company sizzle

Shares of vegan burger maker Beyond Meat soared on their Wall Street debut as investors bet on the growing popularity of plant-based foods. The stock closed up 163% on the first day of trading, valuing the California company at close to $3.8bn. Beyond Meat’s shares were priced at $25 each at the start of trading, […]

Global sports sponsorship to hit £35bn in 2019

Business spending on sports sponsorship is set to grow by 4% to £35bn globally in 2019, according to a new report. But rights-holders, such as leagues, teams or tournaments, are under-exploiting sponsorship deals, according to research from agency Two Circles. It says that there could be an extra £14bn in revenues being unrealised because of outdated […]

Failed Asda bid cost Sainsbury’s £46m

The failed bid to merge with rival Asda cost Sainsbury’s £46m, the supermarket giant has said. In April, a proposed merger between Sainsbury’s and Asda was blocked by the UK’s competition watchdog over fears it would raise prices for consumers. Sainsbury’s said that like-for-like sales growth slowed in the fourth quarter, especially over the Christmas […]

Google parent alphabet misses sales forecasts

Google’s parent company, Alphabet, saw its shares drop in after-hours trading after the internet giant missed revenue forecasts. Alphabet, which also owns YouTube, reported $36.3bn (£28bn) in sales for the first quarter, below expectations of $37.33bn. Profits also fell during the three months to 31 March. It was impacted by a fine from the European […]

Amazon struggling to stem the tide of fake reviews

Retail giant Amazon is only removing a proportion of a flood of fake and suspicious reviews that risk misleading shoppers into buying poor quality products, a Which? investigation has found. The consumer champion looked at the number of reviews that Amazon removes for popular tech products and found 78,000 that have been removed in the […]