Cloud services and subscription-based products such as Prime helped Amazon achieve strong quarterly results once again, with net sales up 17% to 59.7 billion dollars (£42.6 billion).
The FTSE 100 closed in the red after it was dragged down by declines among housebuilders and commodity stocks.
Shares in Laura Ashley have dropped after the retailer said its financial results will be significantly below expectations.
Bosses at Royal Bank of Scotland have warned over a Brexit hit as uncertainty weighs on the economy.
The owner of Britain’s biggest gambling firm Ladbrokes has called for a ban for all betting adverts during TV sports broadcasts.
John Lewis chairman Sir Charlie Mayfield has opted to take a higher payout for the first time in three years, just weeks after the retailer’s staff were forced to stomach a dramatic cut to their bonus.
Ross McEwan’s departure from Royal Bank of Scotland marks the end of an era for the taxpayer-owned lender as it moves on from a torrid past decade.
Shares in Taylor Wimpey were on the slide after the housebuilder warned that it is costing more to build homes.
The Competition and Markets Authority has decided to block Sainsbury’s merger with Asda, and analysts and pundits have delivered their verdicts.
Banking giant Barclays has warned it may need to slash costs further this year as it revealed first quarter profits dropped 10%.