Shares of United Parcel Service Inc and FedEx Corp fell on Thursday after a report that Amazon.com Inc was testing its own delivery service, potentially encroaching on the territory of the package delivery companies.
Burberry delivered a mix trading update on Wednesday morning. There were signs that the firm is getting back on the recovery trail as its new bags and outerwear are selling well, but also that there is still work to do.
UK consumers appeared to be in the mood to go out and to shop over the long Easter weekend with new figures showing higher footfall to high streets and online sales advancing. Easter Monday looked particularly strong.
UPS will now deliver packages on Saturdays, likely a response to major recent shifts in logistics that includes drones, more retailers offering 2-day delivery and Amazon investing in its own logistics infrastructure.
Amazon plans to invest $1.49 billion to build a large air cargo hub in northern Kentucky, state officials said on Tuesday, stoking expectations it may one day opt to directly compete with FedEx and UPS.