Latest news with #BrayFilmStudios
Yahoo
24-06-2025
- Business
- Yahoo
Amazon Drops $54 Billion Bomb on UK -- What It Means for Jobs, Growth, and Global Power Plays
Amazon (NASDAQ:AMZN) is making a big bet on Britainone that could reshape its physical and digital footprint across the country. The tech giant has committed to investing 40 billion ($54 billion) over the next three years, a move that includes two new fulfilment centers in the East Midlands by 2027, previously announced warehouses in Hull and Northamptoneach bringing 2,000 jobsand a broader upgrade across more than 100 existing logistics sites. The plan also covers new delivery stations, expanded transport infrastructure, additional buildings at its London HQ, and a major redevelopment of Bray Film Studios in Berkshire. Warning! GuruFocus has detected 2 Warning Sign with AMZN. This investment program extends Amazon's ongoing presence in the UK, already its third-largest market after the U.S. and Germany. The company now employs 75,000 people across the country and spent over 12 billion in 2023 alone. Included in the new figure is part of the 8 billion previously announced by AWS for UK data centers through 2028, as well as salary costs. While the investment cadence is in line with recent years, the timing gives Prime Minister Keir Starmer's administration a narrative boost as it pushes to attract more global capital and revitalize Britain's long-stagnant economy. Prime Minister Starmer called Amazon's plans a massive vote of confidence, and they could very well be seen that way. But the spotlight also brings scrutiny. Just days before the announcement, the UK's grocery regulator launched a probe into whether Amazon had breached supplier payment rules. That aside, the scale and visibility of this commitmentat a time when many global companies remain cautious on Europecould position Amazon as a long-term anchor investor in a country eager to rebuild growth momentum. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
Amazon Drops $54 Billion Bomb on UK -- What It Means for Jobs, Growth, and Global Power Plays
Amazon (NASDAQ:AMZN) is making a big bet on Britainone that could reshape its physical and digital footprint across the country. The tech giant has committed to investing 40 billion ($54 billion) over the next three years, a move that includes two new fulfilment centers in the East Midlands by 2027, previously announced warehouses in Hull and Northamptoneach bringing 2,000 jobsand a broader upgrade across more than 100 existing logistics sites. The plan also covers new delivery stations, expanded transport infrastructure, additional buildings at its London HQ, and a major redevelopment of Bray Film Studios in Berkshire. Warning! GuruFocus has detected 2 Warning Sign with AMZN. This investment program extends Amazon's ongoing presence in the UK, already its third-largest market after the U.S. and Germany. The company now employs 75,000 people across the country and spent over 12 billion in 2023 alone. Included in the new figure is part of the 8 billion previously announced by AWS for UK data centers through 2028, as well as salary costs. While the investment cadence is in line with recent years, the timing gives Prime Minister Keir Starmer's administration a narrative boost as it pushes to attract more global capital and revitalize Britain's long-stagnant economy. Prime Minister Starmer called Amazon's plans a massive vote of confidence, and they could very well be seen that way. But the spotlight also brings scrutiny. Just days before the announcement, the UK's grocery regulator launched a probe into whether Amazon had breached supplier payment rules. That aside, the scale and visibility of this commitmentat a time when many global companies remain cautious on Europecould position Amazon as a long-term anchor investor in a country eager to rebuild growth momentum. This article first appeared on GuruFocus.
Time of India
24-06-2025
- Business
- Time of India
Amazon to invest £40 billion in UK over 3 years: govt
Online retail giant Amazon will invest £40 billion ($54 billion) in the UK over the next three years, the government said Tuesday, a boost for Prime Minister Keir Starmer as he struggles to kickstart the who met Amazon CEO Andy Jassy last week, said the announcement "adds another major win to Britain's basket and is a massive vote of confidence in the UK as the best place to do business."It means thousands of new jobs -- real opportunities for people in every corner of the country to build careers, learn new skills, and support their families."Whether it's cutting-edge AI or same-day delivery, this deal shows that our Plan for Change is working -- bringing in investment, driving growth, and putting more money in people's pockets," he added. The £40 billion will be used to build four distribution centres, creating an estimated 4,000 jobs, and to renovate the historic Bray Film Studios, acquired in July 2024. In December, Amazon signed an agreement with Games Workshop, the British company that owns the rights to "Warhammer 40,000", to produce films and TV series based on the futuristic fantasy universe. The project is set to star Henry Cavill, known for his roles in in "Superman" and "The Witcher". The investment also includes part of the £8 billion previously announced in September 2024 for building, operating and maintaining data centres in the UK, aimed at boosting artificial intelligence (AI) computer capacity. The announcement coincides with the publication of the government's "Modern Industrial Strategy", which outlines how the state and high-growth industries will collaborate in the future. 'Right track' It offers a rare piece of good news for the Labour government, which has been buffeted by US tariffs and global conflicts and seen its domestic policy of tax hikes and public investment fail to deliver on its promise of growth. Business and Trade Secretary Jonathan Reynolds will visit Amazon's headquarters in London on Tuesday to mark the announcement. "Our Modern Industrial Strategy will ensure the UK is the best country to invest and do business, and seeing massive international firms like Amazon bank on Britain shows we are on the right track," he said. Amazon already employs more than 75,000 people in over 100 sites across the UK. Jassy said the company was "bringing innovation and job creation to communities throughout England, Wales, Scotland, and Northern Ireland. "Amazon has been proud to serve our customers in the UK for the past 27 years. Thanks to their support, we've grown to be part of over 100 communities nationwide, from developing drone technology in Darlington to producing world-class entertainment at our studios in Bray," he added. Jassy announced last February that Amazon would invest more than $100 billion this year, primarily to boost its cloud and AI capabilities. Australia was the focus last week, when the US firm announced $13.3 billion over five years for its data centres, the largest technology investment ever made in the country. In June, Amazon also announced major investments in North Carolina ($10 billion) and Pennsylvania ($20 billion), again for data centres and AI projects. Amazon is currently under investigation by the UK Food Regulator, suspected of late payments to food suppliers. If found guilty, Amazon could be fined up to one percent of its annual UK turnover.
Yahoo
24-06-2025
- Business
- Yahoo
Amazon to invest $53.7bn in UK up to 2027
Amazon will invest £40bn ($53.7bn) in the UK between 2025 and 2027 to construct four new fulfilment centres along with delivery stations across the country. The fulfilment centres will be constructed in Hull, Northampton and the East Midlands. The investment will create thousands of new permanent, full-time jobs, particularly outside London and the South East. It will include upgrades and expansions to Amazon's existing network of more 100 operational buildings in the UK. The investment plan also encompasses the opening of two new buildings at Amazon's corporate headquarters in East London, and enhancements to the transportation infrastructure. Amazon will also redevelop the Bray Film Studios in Berkshire, which it purchased in 2024, and make investments in skills and training programmes. The expansion will contribute an additional £38bn to the UK's GDP. Amazon CEO Andy Jassy stated:"Amazon has been proud to serve our customers in the UK for the past 27 years. Thanks to their support, we've grown to be part of over 100 communities nationwide, from developing drone technology in Darlington to producing world-class entertainment at our studios in Bray. "We now employ over 75,000 people and have become one of the UK's largest private sector employers and taxpayers. When Amazon invests, it's not only in London and the South East – we're bringing innovation and job creation to communities throughout England, Wales, Scotland and Northern Ireland, strengthening the UK's economy and delivering better experiences for customers wherever they live.' The investment includes the previously announced £8bn for building and maintaining data centres from 2024 to 2028. UK Prime Minister Keir Starmer stated: 'Whether it's cutting-edge AI or same-day delivery, this deal shows that our Plan for Change is working — bringing in investment, driving growth and putting more money in people's pockets.' The move comes after Amazon announced plans to invest more than $4bn in expanding its rural delivery network, focusing on small towns across the US. "Amazon to invest $53.7bn in UK up to 2027" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
CNBC
24-06-2025
- Business
- CNBC
Amazon to invest £40 billion in the UK over next three years
LONDON — Amazon will invest £40 billion ($54 billion) in the U.K. over the next three years, the e-commerce titan announced Tuesday. The company said it plans to spend the money on building four new fulfillment centers — large warehouses where it prepares orders for delivery — as well as upgrades and expansions to its existing operations buildings across the country. The announcement was cheered by the British government, which has been courting investments from major tech players of late as it looks to boost domestic growth and productivity. U.K. monthly gross domestic product shrank 0.3% in April, as U.S. President Donald Trump's trade tariffs and domestic tax rises kicked in. U.K. Prime Minister Keir Starmer said in a statement that the investment would create thousands of new jobs — and was a sign the government's growth plan was working. Amazon said the new roles as a result of the investment would include 2,000 positions at a previously announced fulfillment center in Hull and an additional 2,000 jobs at another site in Northampton. The firm also plans to open two new buildings at its corporate headquarters in East London, improve its transportation infrastructure throughout the U.K. and redevelop Bray Film Studios — which it acquired last year — in Berkshire. Last year, Amazon announced a five-year £8 billion investment to build and operate data centers in the U.K. to boost compute capacity for artificial intelligence. The tech giant isn't alone in making big bets on the U.K. Earlier this month, TikTok announced plans to open a new, 135,000-square-foot office in London's Barbican area. The country also received praise from Nvidia CEO Jensen Huang, who called it an "incredible place to invest." At the same time, tax hikes introduced by Finance Minister Rachel Reeves have led to criticisms from tech entrepreneurs that the U.K. is not a welcoming enough environment for high-growth startups.
