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.

The Entrepreneurs Network and Sumer, the UK’s leading mid-market accountancy practice for SMEs, release the United Growth Report, exploring the challenges UK SME owners face. The report, which surveyed 610 entrepreneurs,…

The post Four in ten businesses have nearly closed in 2024 appeared first on London Business News | Londonlovesbusiness.com.

Fever-tree has announced its half-year results and revenue was flat at constant currency, with the US up 10% but the UK seeing a 6% sales decline. Profit margins bounced back…

The post Poor weather causes Fever-tree sales to go flat appeared first on London Business News | Londonlovesbusiness.com.

Core US inflation (excl. energy and food) came in hot at 0.3% for August, above the 0.2% expected. US Inflation came in at 0.2% in August, in line with the…

The post Core US inflation a touch hotter in August appeared first on London Business News | Londonlovesbusiness.com.

The UK economy is gathering pace after a spell of weak growth in the context of challenging economic conditions around geopolitical tensions, elevated inflation and rising interest rates. A comprehensive…

The post Business investment and labour supply is priority for the UK’s economic growth appeared first on London Business News | Londonlovesbusiness.com.

The Pensions Regulator’s Chief Executive this morning (Wednesday) called for positive changes in investment strategies and for industry to provide greater transparency on performance and costs. In a speech to…

The post Greater focus on pension investments can not only improve saver outcomes appeared first on London Business News | Londonlovesbusiness.com.

HMRC has added four more tax avoidance schemes to its list of known avoidance promoters. The update, issued on 5 September, should be welcomed – but instead, it raises questions about HMRC’s…

The post Government urged to act after four more tax avoidance schemes identified appeared first on London Business News | Londonlovesbusiness.com.

The employment rate came in at 74.8%, a small increase on the previous quarter. Unemployment came in at 4.1%, down slightly on the previous quarter and in line with market expectations (Trading Economics). Economic Inactivity fell quarter-on-quarter at 21.9%.…

The post Moderating wage growth leaves the door open to further rate cuts appeared first on London Business News | Londonlovesbusiness.com.

The total value of the world’s top 10 most valuable tobacco brands has decreased by 6%, with eight out of ten brands experiencing a decline in brand value this year,…

The post Marlboro is the world’s most valuable tobacco brand appeared first on London Business News | Londonlovesbusiness.com.

The Pembroke VCT has announced an offer for up to £60 million (£40 million + £20 million overallotment). The VCTs have total net assets of £224.1 million and a combined…

The post Pembroke VCT announces £60 million fundraise appeared first on London Business News | Londonlovesbusiness.com.