Technology - Sales

Amazon's Cloud Stabilising, Shoppers Cautious Heading Into Holiday Season

Amazon.com has said growth in its cloud business is stabilising as it signed new deals, but warned that consumers remained wary about spending going into t...

Britain's Deliveroo Exits Australia, Citing Tough Competition

British food delivery service Deliveroo has closed its Australian business, citing a tough business environment, as consumers pulled back on takeaways due...

Ocado Retail Cuts Outlook As UK Shoppers Tighten Belts

British online supermarket Ocado Retail has downgraded its full-year outlook, saying customers are trying to navigate the cost of living crisis by buying f...

Deliveroo To Exit The Netherlands, First-Half Loss Widens

Britain's Deliveroo said it would quit the Netherlands after failing to gain a strong local position, as it reported a larger pretax loss in 'challeng...

Delivery Hero Forecasts Smaller Loss As It Shifts Focus To Profitability

German online takeaway food company Delivery Hero forecast a smaller loss for the year as it shifts its focus more firmly to profitability in the improving...

HelloFresh Soothes Investor Worries With Q1 Beat

German meal-kit maker HelloFresh reported better-than-expected first-quarter revenues and core earnings, sending its shares soaring and easing investo...

JD.com Posts Quarterly Loss As Costs Rise, Revenue Growth Slows

JD.com posted a quarterly loss as its operational costs surged, and reported its weakest revenue growth in six quarters amid slowing consumer spending.

Deliveroo Sees Orders More Than Double In First Quarter Of 2021

Food delivery firm Deliveroo said its orders more than doubled in the quarter to the end of March, in its first trading update since its highly-anticipated...