London office vacancy rates to rise in City, Wharf and West End amid Wework trouble January 22, 2024 London office vacancy rates are expected to rise by the end of the year, in another blow for the health of the capital’s commercial property market.
Zoom: Share bump after pumping up full year guidance August 22, 2023 Pandemic darling Zoom beat expectations and raised full year guidance in its second quarter as it remains hopeful in its long-term strategy - although customer growth is sluggish.
Travers Smith calls juniors into the office for four days a week December 8, 2022 Travers Smith has become the latest City law firm to call lawyers back into the office after telling staff to spend 60 per cent of their time at work. The law firm’s new “agile working” policy calls on Travers Smith’s lawyers to come into the office for six days across every two working weeks. [...]
London office investment slumps to 14-year low July 24, 2023 London office investment slumped to a 14-year low in the second quarter of the year, new data shows, as high interest rates stifled momentum built up in the early months of the year. Some £1.2bn was spent on London offices last quarter, a 59 per cent drop on the £2.9bn spent in the previous quarter [...]
Exclusive: Virgin Media O2’s business chief on the £31bn mega merger that dazzled the City January 13, 2023 As the UK is in the midst of a merciless recession, with the cost-of-living crisis raging, businesses are scrambling to cut costs, maintain market share and find a way to get through the economic misery. The telecoms sector is no exception. Time for City A.M. to catch up with Jo Bertram, managing director of Virgin Media [...]
Mega rich splurge £1.3bn on office shopping spree around London September 5, 2023 The world’s mega rich are pouring their spare millions into offices around London, gobbling up £1.3bn worth of space in the last 12 months.
Robert Walters: Share price plunges for recruitment giant after warning of ‘significantly’ lower profits June 14, 2023 Global recruitment agency Robert Walters shares nosedived this morning when markets opened as the staffing firm warned that its profits for the year would be “significantly” lower than previously anticipated. Shares in the London-listed recruiter plunged by 15 per cent, however they have now clawed back to around 13 per cent, as the group posted [...]
Former ‘Vote Leave’ Brexit HQ to be transformed into London flats April 15, 2024 An Abu Dhabi backed property group has bought Westminster Tower - the building which formerly housed Brexit's Vote Leave headquarters - for £41m with plans to turn the office block into a new residential development.
West End London office rates rise prompted by four-day workweek November 9, 2023 According to Savills, occupancy rates in the area have risen to 62 per cent up from 50 per cent in the last six months.
Commuter numbers into City of London nearly double with Wednesdays and Thursdays busiest August 12, 2022 Commuter numbers into the City of London have nearly doubled since last year and the lifting of Covid-19 restrictions in England, according to new data from mobile operator O2. The network said the data – which it gathered based on connections to O2 mobile masts in major commuter, hospitality and retail hubs – had found [...]