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…

The post Bank of England’s PRA recognises small firms’ importance to economic growth appeared first on London Business News | Londonlovesbusiness.com.

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…

The post Aldi reveals plans for £800 million expansion across UK appeared first on London Business News | Londonlovesbusiness.com.

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…

The post Inflation falls to its lowest helping the UK service sector to grow appeared first on London Business News | Londonlovesbusiness.com.

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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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…

The post Ticketmaster parent company up over $2bn as fans fork out hundreds on Oasis tickets  appeared first on London Business News | Londonlovesbusiness.com.

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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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…

The post Half of UK businesses plan to increase travel spend in next 12 months appeared first on London Business News | Londonlovesbusiness.com.

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…

The post Wetherspoon to invest £2.8 million and create 70 jobs with new opening appeared first on London Business News | Londonlovesbusiness.com.

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…

The post McDonald’s will create 24,000 jobs and open more than 200 restaurants in the UK appeared first on London Business News | Londonlovesbusiness.com.

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…

The post Hospitality returns to outlet growth after solid first half of 2024 appeared first on London Business News | Londonlovesbusiness.com.