The capital of United Kingdom, London, I famous all across the world for being the hub for several businesses that have been flourishing here for several years. Its excellent connection and easily available workforce have made London the ideal place for businesses who are looking to go global. Plus, the tourist inflow that London witnesses each year adds to the advantages of having a business based in London. However, London is a place which home to several businesses which are competitive and the only way to soar upwards is to become better each day. Listed below are some of the most competitive businesses in London.
Banks
The banking and finance industry is the backbone of the economic growth of any place. London is a flourishing city that is widely support by its many banks like HSBC, Royal Bank of Scotland and Barclays to name a few. The banks in United Kingdom bring in a lot of revenue which is estimated to be around 190 billion pounds in the last year alone. These banks attract a lot of customers owing to their schemes which finance a lot of events and projects.
Jewellery
London has a wide range of jewellery sector that caters to the tastes and budget of people from all walks of life. Fine jewellery made of natural or cultured diamonds or fashion jewellery, London has something for everyone. You can choose to shop at the Hatton Garden Street where there are so many jewellery outlets that you will be spoilt for choice. Also, since there are so many retailers, the businesses and the prices are incredibly competitive which eventually works out in the favour of the customer.
Supermarkets
There are several supermarkets scattered across London and each one of them see a lot of crowd every single day. These markets supply the necessary day to day belongings to locals and tourists alike and therefore there are no off days for the people in the supermarket business. Supermarkets are one of the most flourishing businesses in London which generate a lot of revenue each year.
Pharmaceuticals
Pharmaceuticals are something that play a huge role in supporting the healthcare industry and are a huge industry themselves. One of the biggest pharmaceutical companies in London in GSK that is responsible for manufacturing several drugs that are lifesaving. Since the lives of the people depend on the right kind of medications, pharmaceutical industries constantly strive to come up with some of the best medicines which are safe to use in humans. Since healthcare, is something that we all invest in, the pharmaceutical businesses generate a lot of revenue and are extremely competitive with the others companies in the same business.
Construction
The construction business is a sector that had been doing quite well until the recent coronavirus pandemic. However, it has picked up pace in the recent years where the businesses are constructing buildings and infrastructure for various other businesses and residences. Be it a retail store for buying wedding rings hatton garden or an office space for people getting back to work, the construction companies are working tirelessly to provide comfortable spaces and are generating a lot of income in the process.
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