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5 Things You Need To Know, Today, on Friday 27th April 2023
5. Amazon's core e-commerce business may be struggling - but the profit-making parts of its business are delivering.
Online sales were flat in the first three months of the year compared with the same period in 2022, but it offset that with better-than-expected sales in its cloud services and advertising units.
4. Sainsbury's has reported a fall in its pre-tax profit, as it reveals it has spent more than £560m on "keeping our prices low over the last two years".
The supermarket chain said that in the year ending 4 March, its group sales were up 5.4% to £35.15bn, but underlying profit before tax was £690m - down from £730m at the same time last year.
3. A new trade body for the electric vehicle (EV) charging industry, ChargeUK, has launched today and revealed investment plans up to 2030 with the aim of doubling the size of the network through 2023.
ChargeUK brings together 18 of the country’s largest charge point operators (CPOs), which collectively have announced they will invest more than £6 billion installing and operating new EV charging infrastructure by 2030.
2. Rail workers are to strike next month after the RMT union rejected the latest pay deal from train operators.
RMT members will strike on 13 May, the day of the Eurovision Song Contest in Liverpool.
1. Average rents for properties across Britain have hit a new record high, according to data from a property website showing a record £2,500 per month in London.
Rightmove said the average rent being asked outside the capital topped £1,190 per month for the first time during the first three months of the year.