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Rate of Welsh business confidence has declined shows new Lloyds research
Business confidence in Wales fell five points in January to 21% according to new research from Lloyds Bank. Its business barometer data shows Welsh companies reporting lower confidence in their own business prospects month-on-month, down three points at 34%. When taken alongside their optimism in the economy, down seven points to 8%, this gives a …
Business
Business Live
Smiths Group to be broken up as FTSE 100 giant ditches big chunk of business
Smiths Group has revealed its intention to offload a significant portion of its business, responding to investor demands for a substantial overhaul. The FTSE 100 engineering conglomerate announced on Friday plans to divest Smiths Interconnect and separate Smiths Detection through a demerger or sale, as reported by City AM. Smiths explained that this move would …
Business
Business Live
Jaguar Land Rover pre-tax profit reverses by £100m despite sales rise
Jaguar Land Rover (JLR) has reported a pre-tax profit drop of over £100m in its latest quarter, despite an increase in sales. The automotive behemoth posted a pre-tax profit of £523m for the final three months of 2024, a decrease from the £627m reported during the same period in 2023, as reported by City AM. …
Business
Sky News
Microsoft hit as AI spending in sharp focus after DeepSeek market shock
Shares in Microsoft have fallen sharply after investment spending came in higher than expected in its latest results, released just days after the DeepSeek market shock for tech stocks.The company, which has received reprimands from shareholders previously over AI-related bills, had already let it be known it expected to spend $80bn this year ahead of …
Business
Sky News
Ryanair chief threatens airline will bring more lawsuits against unruly customers
The chief executive of Europe’s largest airline has put customers on notice it will prosecute disruptive passengers as between two and three flights a week are diverted due to poor behaviour on Ryanair flights.Ryanair boss Michael O’Leary told Sky News: “If passengers continue disrupting our flights, we will sue you for the cost of those …
Business
Sky News
Water bills in England and Wales to rise by average of £10 per month
The average annual water bill will rise by 26% or £123 in the next financial year alone, according to industry figures covering England and Wales.Water UK confirmed how inflation-busting hikes, determined by the regulator Ofwat in December, would play out from 1 April when a new five-year pricing period begins. The watchdog allowed bills to …
Business
Sky News
More than 130 Lloyds, Halifax and Bank of Scotland branches to close
Lloyds Banking Group is to close a further 136 branches.Britain’s biggest mortgage lender said It will shut 61 Lloyds, 61 Halifax and 14 Bank of Scotland sites between May this year and March 2026. All workers affected by the closures would be offered alternative roles, the group said.Lloyds blamed the move on customers shifting away …
Business
Sky News
More than 130 Lloyds, Halifax and Bank of Scotland branches to close – here’s a list of where and when
Lloyds Banking Group is to close a further 136 branches.Britain’s biggest mortgage lender said it will shut 61 Lloyds, 61 Halifax, and 14 Bank of Scotland sites between May this year and March 2026. All workers affected by the closures would be offered alternative roles, the group said.Money latest: People who only watch Netflix or …
Business
Sky News
Post Office unveils new wave of cuts to fuel transformation plan
The Post Office has unveiled plans for scores more job cuts as part of a transformation plan aimed at boosting payouts for thousands of sub-postmasters.Sky News has learnt the state-owned company was in the process of informing about 100 senior managers on Wednesday that their roles would be affected by its proposals. Some of those …
Business
Sky News
Chancellor announces backing for third Heathrow runway
The government supports a third runway at Heathrow, Chancellor Rachel Reeves has announced.Ms Reeves said the expansion of Europe’s busiest airport was “badly needed” to connect the UK to the world and open up new opportunities for growth. A third runway will “unlock further growth, boost investment increase exports and make the UK more open …
Business
Business Live
UK government delays ‘could threaten’ AstraZeneca’s new £450m vaccine facility in Liverpool
A £450m investment in a major new vaccine facility in Liverpool could be at risk due to Government delays, reports have suggested. The Times said delays in securing government funding meant AstraZeneca, the pharmaceutical giant behind one of the Covid-19 vaccines, missed an important internal deadline for its plans to build the new site in …
Business
Sky News
Trump offers federal employees eight months’ pay to quit
Donald Trump is aggressively pushing forward with plans to shrink the US government by offering eight months’ pay to federal employees who quit their jobs.They have until 6 February to decide whether to accept the deal, according to a memo from the Office of Personnel Management. The US government’s human resources agency also warned of …

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