Business News - London Business News | Londonlovesbusiness.com https://londonlovesbusiness.com/business-news/business/ Business News Thu, 23 Jan 2025 16:47:32 +0000 en-GB hourly 1 https://londonlovesbusiness.com/wp-content/uploads/2020/07/LLB-favicon.jpg Business News - London Business News | Londonlovesbusiness.com https://londonlovesbusiness.com/business-news/business/ 32 32 Car insurance finally starting to drop in price https://londonlovesbusiness.com/car-insurance-finally-starting-to-drop-in-price/ Fri, 24 Jan 2025 07:58:02 +0000 https://londonlovesbusiness.com/?p=189313

Car insurance comparison experts are sharing their insights into the current insurance market. Based on the latest data from car insurance comparison site Quotezone.co.uk, the UK average cost of car insurance…

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Storm Eowyn forces BA flight to fly subsonic https://londonlovesbusiness.com/storm-eowyn-forces-ba-flight-to-fly-subsonic/ Thu, 23 Jan 2025 14:26:39 +0000 https://londonlovesbusiness.com/?p=189283

A British Airways flight from Las Vegas to London Heathrow hit an unusually strong jet stream over the Atlantic amid Storm Eowyn which forced flight BA274 to fly subsonic at…

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AA warns of ‘very dangerous’ driving conditions and ‘postpone’ your journey amid Storm Eowyn https://londonlovesbusiness.com/aa-warns-of-very-dangerous-driving-conditions-and-postpone-your-journey-amid-storm-eowyn/ Thu, 23 Jan 2025 13:49:53 +0000 https://londonlovesbusiness.com/?p=189273

The Met Office has issued a rare red weather warning amid Storm Eowyn and there is a danger to life alert in place. People are being told to stay indoors…

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Sainsbury’s to axe more than 3,000 jobs https://londonlovesbusiness.com/sainsburys-to-axe-more-than-3000-jobs/ Thu, 23 Jan 2025 12:14:07 +0000 https://londonlovesbusiness.com/?p=189256

Sainsbury’s are to cut more than 3,000 jobs and the supermarket is planning to close their in-store cafes which is part of a major overhaul for the business. Sainsbury’s employs…

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Reeves Budget sees manufacturers ‘confidence evaporate’ and will cut back ‘investment and hiring’ https://londonlovesbusiness.com/reeves-budget-sees-manufacturers-confidence-evaporate-and-will-cut-back-investment-and-hiring/ Thu, 23 Jan 2025 11:28:21 +0000 https://londonlovesbusiness.com/?p=189250

Sentiment across the manufacturing sector fell at the fastest pace in over two years in January, according to the Confederation of British Industry’s (CBI) latest quarterly Industrial Trends Survey. Manufacturing…

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Major supermarkets warn Reeves inheritance tax on farmers threatens ‘food security’ https://londonlovesbusiness.com/major-supermarkets-warn-reeves-inheritance-tax-on-farmers-threatens-food-security/ Thu, 23 Jan 2025 10:43:36 +0000 https://londonlovesbusiness.com/?p=189242

The Chancellor has been warned by Lidl and Tesco that her inheritance tax on farmers threatens “food security” for the UK. Rachel Reeves is under immense pressure to U-turn on…

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Three ways a banker might invest a £100,000 bonus https://londonlovesbusiness.com/three-ways-a-banker-might-invest-a-100000-bonus/ Thu, 23 Jan 2025 08:54:55 +0000 https://londonlovesbusiness.com/?p=189217

Last week saw the big US banks announce bumper profits. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo announced a total of $142 billion of…

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More than a quarter of business leaders think it will take two years or more to recover financially from the past five years https://londonlovesbusiness.com/more-than-a-quarter-of-business-leaders-think-it-will-take-two-years-or-more-to-recover-financially-from-the-past-five-years/ Thu, 23 Jan 2025 06:47:59 +0000 https://londonlovesbusiness.com/?p=189230

More than one in four (26%) business leaders think it will take them two years or more to recover from the economic and political hurdles of the past five years,…

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Electricity ‘can and should be cheaper’ the government is told https://londonlovesbusiness.com/electricity-can-and-should-be-cheaper-the-government-is-told/ Wed, 22 Jan 2025 17:00:39 +0000 https://londonlovesbusiness.com/?p=189204

Emma Pinchbeck, who took over as chief executive of the Climate Change Committee who is the new boss of the advisory board has told the government that electricity prices “can…

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A date has been proposed to ban petrol and diesel vehicles across the UK https://londonlovesbusiness.com/a-date-has-been-proposed-to-ban-petrol-and-diesel-vehilces-across-the-uk/ Wed, 22 Jan 2025 14:58:20 +0000 https://londonlovesbusiness.com/?p=189185

The UK is likely to set a 2030 deadline to ban the sale of petrol and diesel vehicles as Labour has called for the cut-off date to be re-introduced. Andy…

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