Amazon UK automated pricing glitch

The Guardian reports that a technical glitch on Amazon's UK website has led to the price of thousands of products crashing to 1p, leaving hundreds of small businesses out of pocket.

The glitch stemmed from software developed by Repricer Express which automatically changes the cost of third-party products on Amazon Marketplace to ensure they are the cheapest available.

Amazon says most orders have been cancelled. Repricer Express CEO Brendan Doherty says he is 'deeply sorry for the disruption'.