Business Opinion | Business Growth News | LondonLovesBusiness https://londonlovesbusiness.com/business-news/business/business-growth/ Business News Fri, 13 Sep 2024 07:32:32 +0000 en-GB hourly 1 https://londonlovesbusiness.com/wp-content/uploads/2020/07/LLB-favicon.jpg Business Opinion | Business Growth News | LondonLovesBusiness https://londonlovesbusiness.com/business-news/business/business-growth/ 32 32 Bank of England’s PRA recognises small firms’ importance to economic growth https://londonlovesbusiness.com/bank-of-englands-pra-recognises-small-firms-importance-to-economic-growth/ Fri, 13 Sep 2024 07:34:56 +0000 https://londonlovesbusiness.com/?p=180316

The Bank of England’s Prudential Regulation Authority (PRA) has announced a package of proposals as part of the Basel 3.1 implementation process. The SME Supporting Factor, which allowed banks to…

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]]> Aldi reveals plans for £800 million expansion across UK https://londonlovesbusiness.com/aldi-reveals-plans-for-800-million-expansion-across-uk/ Mon, 09 Sep 2024 09:10:06 +0000 https://londonlovesbusiness.com/?p=180001

Aldi has reported a surge in sales and profits and as such have revealed plans to spend £800 million in an expansion programme across the UK. Aldi are to open…

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]]> Inflation falls to its lowest helping the UK service sector to grow https://londonlovesbusiness.com/inflation-falls-to-its-lowest-helping-the-uk-service-sector-to-grow/ Wed, 04 Sep 2024 11:16:25 +0000 https://londonlovesbusiness.com/?p=179818

Last month the services sector grew amid post-election political stability along with lower borrowing costs. The S&P Global UK services PMI survey for August scored 53.7 compared to 52.5 in…

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]]> SMEs confidence grows with optimism for year ahead https://londonlovesbusiness.com/smes-confidence-grows-with-optimism-for-year-ahead/ Tue, 03 Sep 2024 08:44:37 +0000 https://londonlovesbusiness.com/?p=179746

After a challenging few years, SMEs’ confidence is growing according to new research by Shawbrook. Close to 9 in 10 (86%) of SMEs reported feeling confident about their business prospects,…

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]]> Ticketmaster parent company up over $2bn as fans fork out hundreds on Oasis tickets  https://londonlovesbusiness.com/ticketmaster-parent-company-up-over-2bn-as-fans-fork-out-hundreds-on-oasis-tickets/ Mon, 02 Sep 2024 10:42:50 +0000 https://londonlovesbusiness.com/?p=179677

Live Nation Entertainment, the company that owns Ticketmaster, has seen its value increase by $2bn (£1.52bn) this month, as fans are forced to pay inflated prices for Oasis tickets this…

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]]> SME brokers bullish on the economy https://londonlovesbusiness.com/sme-brokers-bullish-on-the-economy/ Mon, 02 Sep 2024 07:06:41 +0000 https://londonlovesbusiness.com/?p=179629

Three in four (73%) SME finance brokers feel optimistic about the future of small businesses, according to SME lender iwoca’s latest Q2 2024 SME Expert Index. The survey of SME…

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]]> Half of UK businesses plan to increase travel spend in next 12 months https://londonlovesbusiness.com/half-of-uk-businesses-plan-to-increase-travel-spend-in-next-12-months/ Wed, 28 Aug 2024 07:14:33 +0000 https://londonlovesbusiness.com/?p=179433

Gen Z employees view business travel as a way of boosting their careers and are seeking out more opportunities to take trips, according to new research from American Express. American…

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]]> Wetherspoon to invest £2.8 million and create 70 jobs with new opening https://londonlovesbusiness.com/wetherspoon-to-invest-2-8-million-and-create-70-jobs-with-new-opening/ Tue, 27 Aug 2024 08:48:22 +0000 https://londonlovesbusiness.com/?p=179371

JD Wetherspoon will open a new pub at Waterloo station next week creating 70 jobs after a £2.8 million investment. The Lion & The Unicorn will open by the old…

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]]> McDonald’s will create 24,000 jobs and open more than 200 restaurants in the UK https://londonlovesbusiness.com/mcdonalds-will-create-24000-jobs-and-open-more-than-200-restaurants-in-the-uk/ Wed, 21 Aug 2024 13:33:08 +0000 https://londonlovesbusiness.com/?p=178658

The fast-food chain McDonald’s will create around 24,000 jobs and open more than 200 restaurants across the UK and Ireland over the next four years. There will be £1 billion…

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]]> Hospitality returns to outlet growth after solid first half of 2024 https://londonlovesbusiness.com/hospitality-returns-to-outlet-growth-after-solid-first-half-of-2024/ Mon, 19 Aug 2024 08:32:23 +0000 https://londonlovesbusiness.com/?p=178484

Britain’s hospitality sector has recorded its first quarter-on-quarter growth in outlets in two years, the new Hospitality Market Monitor from CGA by NIQ and AlixPartners reveals. The exclusive report shows…

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