City of London backs 65 Gresham Street revamp as Elizabeth Line’s Liverpool Street hub gets office space boost January 17, 2024 The site is within walking distance of Liverpool Street station, which became the busiest station in the UK last year with over 80m passengers, boosted by the Elizabeth Line, which is now the most popular route in the capital.
New Lib Dem mayoral candidate calls for City of London offices to be converted into homes October 13, 2020 The Liberal Democrats’ new London mayoral candidate has called for empty office space in the City of London to be converted into affordable housing. Former MEP Luisa Porritt – who was today unveiled as the Liberal Democrats’ candidate for the 2021 mayoral election – told City A.M. that using offices left empty by a potential [...]
London is back: Office occupancy reaches pre-pandemic levels March 15, 2022 London office occupancy peaked at 42 per cent on Thursday 10 March, the highest single daily rate in the capital since before the pandemic in 2020. The weekly average prior to the pandemic was 63 per cent. Furthermore, last week was the highest weekly average for the UK and London, with both averaging 31 per [...]
London households to be hit with Council Tax increase – to pay for new Met officers January 18, 2023 London households are set to be hit with higher Council Tax in 2023 in part to pay for more Metropolitan Police officers. Sadiq Khan announced this morning that he was proposing a £38.55 increase on the average Band D house in the capital. He has the power to put top-up ‘precepts’ on local council bills [...]
UK’s Serious Fraud Office should cover ENRC’s £21m costs in corruption investigation, London’s High Court hears March 6, 2023 Kazakh mining company ENRC today said the UK’s Serious Fraud Office (SFO) should, alongside US law firm Dechert, cover extra costs it accrued because of ex-City lawyer Neil Gerrard’s decision to leak company information to the fraud investigator, leading to the launch of a 10-year probe into the former FTSE 100 firm. At the opening [...]
Coronavirus: Natwest to slash 500 jobs and shut London office August 12, 2020 Natwest today said it will cut at least 500 jobs across its retail business and shutter one of its London offices as it battles to cut costs during the Covid-19 crisis. The bank said it will carry out a voluntary redundancy plan affecting 550 roles in its branches and premier banking service. It will also [...]
Get the BBQ out: Met Office reveals exactly when London weather will be better than Spain May 19, 2023 It’s been a never-endingly miserable spring, with some data suggesting that the London weather has been the worst since the mid-nineties in terms of actual sunlight. But there is finally good news. The weather is due to reach over 20 degrees Celsius over the next two weeks, and remain nice for the duration, the Met [...]
Derwent: London property investment trust credits ‘busy’ West-End and return to the office for uptake in leases May 4, 2023 Derwent, the London property investment trust, has told investors that London and the West-End is “busy” as a return to offices and shopping signal better times for the capital. In its first quarter trading update, the FTSE 250 real estate firm revealed a 6.6 per cent uptake in the number of leases secured which totalled [...]
Deutsche Bank asks 20 per cent of staff to return to London office September 7, 2020 Deutsche Bank is the latest City firm to ask employees to return to the office, as it invites some of its London-based staff back to its headquarters. The German bank has asked around 20 per cent of its employees to come back to its Great Winchester Street headquarters this week, according to Financial News. This [...]
Boohoo: Tears as online retailer prepares major jobs cull at London Soho office January 11, 2023 Online fast-fashion retailer Boohoo is preparing to slash over 100 jobs in its London Soho office as it continues to integrate a recent spate of big brand acquisitions. The majority of roles at risk of being cut are believed to be among Boohoo’s e-commerce, buying and design teams,; although the exact number of redundancies is [...]