The US equity market yesterday welcomed its second billion-dollar business when Amazon broke the valuation barrier that only Apple has previously exceeded.
Just before noon in New York, Amazon's shares grew up to trade above $ 2050.27 each – taking the company to the realm of the real tech giants.
Although Apple was the first to reach $ 1 trillion in August this year, analyst Ben Barringer of investment company Quilter Cheviot said that Amazon, unlike the iPhone maker, still has room to grow & # 39 ;.
The retail side, the most famous part of the company, has tremendous potential to grow in the rest of Europe and Asia, especially India, he said.
Just before noon in New York, Amazon's shares grew up to trade above $ 2050.27 each – taking the company to the realm of the real tech giants. Pictured is founder Jeff Bezos
Meanwhile, her other branch, Amazon Web Services, is the undisputed leader & # 39; in the application of IT systems in the cloud, allowing companies to store data and run software via the internet instead of having to pay expensive internal employees and hardware.
Barringer said: "We expect Amazon to continue to perform well in the future, with the company's proven ability to expand into new markets. Although the share price has doubled in the past year, we believe that we have long believed in the case of the company. & # 39;
Jeff Bezos, the founder of the company, still owns more than 16 percent of Amazon. Undoubtedly, the multi-billionaire will have raised a glass to its own success.
The Amazon celebration followed a slower day for the largest companies in the UK, as the FTSE 100 index lost 0.6 percent or 46.74 points to 7.457.86 points.
House builder Berkeley dropped 4.4 percent, or 160p, to 3510p because it came under attack because it made millions of profits while affordable housing targets & # 39; unachievable & # 39; were mentioned.
Stock Watch – TLA Worldwide
TLA Worldwide, a specialized marketing company representing Olympians such as Sir Chris Hoy and Rebecca Adlington, was pushed out of the field because it published a trading update yesterday.
The company did not organize as many events as expected this year, which means that the financial results are significantly below market expectations & # 39; would lie.
The debt would be much higher, and it was probably a breach of the repayment agreements with his lender. The shares fell by 41.5 percent, or 8.5 p, to 12 p.
It was behind only WPP in yesterday the biggest fallers of the index. The ad group, which welcomed new boss Mark Read on Monday, reported disappointing half-year results, pushing shares down by 6.3 percent (or 80p) to 1196.5p.
But on the FTSE 250, Halfords 'boss stepped into investors' good books as the company drew the gloom of retail sales to show that sales were increasing.
Customers bought more car and bicycle products in the first 20 weeks of the year, and organic sales also increased in the car repair centers. Shares climbed 6.9 percent or 22.6p to 351.4p.
Total revenue rose by 2.7 percent, which will be a good start for Graham Stapleton who joined the company as chief executive at the beginning of this year.
He will present a strategy update later this month, but Laith Khalaf, analyst at Hargreaves Lansdown, said he & # 39; d the wheel does not have to reinvent & # 39 ;. Khalaf added: "In a retail market that is increasingly disturbed by online competitors, investing in personal services seems to be the right approach. & # 39;
Meanwhile, there was a failure in the system for Alfa Financial Software, one of the world's largest software vendors for asset managers. Sales fell 27 percent to £ 32.9 million, while operating profit in the first half of the year plummeted by 39 percent to £ 8.6 million.
Though it had been warned in June that there are "delays in contracts & # 39; were, shareholders still voiced their displeasure when Alfa lost 6.6 percent or 10.4p to 148p. Deputy Andrew Denton stressed, however, that there is a healthy & # 39; pipeline of new activities.
Seeing Machines, which makes technology for cars with no driver, also saw 28.4% of the shares crashing, or 2.9p to 7.3p. It makes devices that allow machines to & # 39; see & # 39; and automatically respond, but the revenue will be misled all year round.
It blamed delays in manufacturing and shipping its Guardian hardware, which uses sensors in truck driver cabs to measure their fatigue and distraction levels.