WeWork cuts office space in a bid to save cash November 10, 2022 WeWork has announced it would be closing some of its US offices in a bid to save costs and boost profitability. Announcing its third quarter results, the flexible office space said it would be shutting about 40 “underperforming” offices in the US, comprising of approximately 41,000 workstations. WeWork said that although these closures are expected [...]
From pints to politics: Whatever happened to David Cameron’s ‘Golden Era’ of China relations? November 13, 2023 Before Trump, before the Belt and Road initiative, before pangolins, wet markets and the “Chinese virus”, before Ukraine, Chinese spies in parliament and the Uyghur genocide, there existed a brief golden window of time in which posh British kids learned Mandarin at school, politicians drank beer with President Xi Jinping and the City of London [...]
Wimbledon’s 38-court expansion delayed AGAIN ahead of Championships April 21, 2023 Wimbledon’s 38-court expansion plan has been delayed yet again after the latest planning meeting was postponed. The proposed expansion would see the All England Lawn Tennis Club (AELTC) – which at present is around 40 acres – nearly triple in size to over 110 acres using land from the nearby Wimbledon Park Golf Club. It [...]
Heathrow’s Spanish owner mulls selling stake as buyers circle November 5, 2023 Heathrow's Spanish owner is considering dropping its long-held stake in the airport, according to a report, as interested buyers wait in the wings.
‘Steady picture’: UK house prices increase at fastest rate since July 2022, as London rose slowest July 17, 2024 Expectations of a cut to interest rates and continued tight supply helped house prices to rise for the third successive month in May, the Office for National Statistics has said.
London cyber firm CultureAI raises £8m to double workforce and ‘fix human error’ July 17, 2024 CultureAI's latest capital injection follows seed rounds of $4m (£3.1m) in 2021 and $5m (£3.8m) in 2023.
London City Airport to appeal Newham Council’s decision to block growth plans July 11, 2023 London City Airport has said it will appeal against Newham Council’s decision to block its plans to expand flying hours and passenger capacity. “This was the wrong decision and did not properly balance the limited impacts with the very significant benefits of the proposals, particularly in the context of government policy, including making best-use of [...]
Half of CEOs don’t expect a return to normal this year, but the push to embrace remote working stalls March 23, 2021 Half of CEOs don't expect a return to normal until 2022, but their push to embrace remote working has stalled, with fewer downsizing offices or advertising fully remote job postings
British Land overcomes uncertain landscape with leasing spree across London July 11, 2023 British Land provided investors with a cheery update on the outlook for the commercial property sector, as the firm was boosted by leasing activity across London and strength of retail parks. In an update ahead of its AGM later today, the property developer secured 552,000 sq ft of leasing across its portfolio in the first [...]
Oscar-winner DNEG lands $2bn-plus valuation after Abu Dhabi fundraising July 2, 2024 Oscar-winning UK movie tech firm DNEG Group has achieved a valuation of more than $2bn (£1.6bn) after an Abu Dhabi-backed fundraising to support expansion into producing its own films and games.