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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Virgin Orbit shares tank, Amazon to shut UK warehouses

Amazon is planning to shut three UK warehouses in a decision which is set to affect 1,200 jobs, the PA news agency reports. An Amazon said the firm has launched consultations over the closure of three UK warehouses in Hemel Hempstead, Doncaster and Gourock, in the west of Scotland

More signs of resilient Christmas trading emerged today after retailers AO World and Card Factory upgraded their profit guidance.

The latest updates came as the British Retail Consortium said retail sales increased 6.5% on a like-for-like basis in December.

This was a better than expected performance but still lagged a long way short of the current rate of annual inflation.

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