Airbnb plans to go public in 2020 September 19, 2019 Airbnb has revealed its intention to become a publicly-traded company next year. In one of the most prominent market listings scheduled for next year, the property giant has said today that it is looking to float in 2020. Read more: Wework delays IPO The move could see Airbnb, which is an online marketplace for lodging, [...]
Workspace firm IWG in talks to list standalone US business in New York August 24, 2019 Founder of International Workplace Group (IWG), Mark Dixon, is in talks with investment banks to create a spin off its US business to be listed as a separate company in New York, according to Sky News. Dixon’s standalone business would become a publicly traded rival to WeWork, which is targeting a valuation of $50bn from [...]
Cushman & Wakefield enters UK’s flexible office market February 20, 2020 Commercial property agency Cushman & Wakefield has entered the UK’s growing co-working market with the launch of a new flexible workplace service. The service – named Indego – will offer landlords design and build, marketing, sales and on-site operations services under a management agreement with Cushman & Wakefield. The service was set up to offer [...]
Reality is finally catching up with overblown Silicon Valley rhetoric September 26, 2019 Rhetoric, the art of persuasion, was the backbone of a classical education. Today the term is more often pejorative: rhetoric is found wherever reality isn’t. No fantasy, however, can be long sustained. If rhetoric is to deliver its original purpose and persuade, it cannot escape reality for long. So Silicon Valley is discovering. For over [...]
Phonebooth startup Room launches in UK as it dials in to coworking boom September 17, 2019 Room, the US startup specialising in phonebooths for open plan offices, launched in the UK today as it looks to cash in on the rising popularity of coworking spaces. The New-York based firm, which counts Google, Uber, Amazon and Apple among its clients, is also rolling out in six other European countries amid growing demand [...]
Softbank executives bristle at Vision Fund investment scheme September 24, 2019 Some executives at Japanese technology titan Softbank have reportedly expressed concerns about an incentive scheme whereby employees can take out large personal loans to invest in the group’s Vision Fund. The investment scheme is designed to align the interests of employees with the $97bn technology fund, but the Financial Times reported the scheme is described [...]
City Moves for 30 March – Who’s switching jobs at Matterport, Allica Bank and Acxiom? March 30, 2020 Today’s City Moves includes Matterport, Allica Bank and Acxiom Matterport Matterport, the spatial data capture firm, has announced the appointment of Robin Daniels as chief marketing officer (CMO). Robin will lead Matterport’s worldwide marketing strategy at a time of rapid growth for the company. He will drive all marketing and communications initiatives globally to bring [...]
Wework triples its losses in Europe as London begins to turn a profit October 5, 2018 Co-working property powerhouse Wework tripled its losses in 2017 across Europe, while taking its flagship building in Moor Place, London to a profit. In accounts published to Companies House today, reports put Wework International's losses at £32.3m for the year ending December 2017 from £11m the year before. However its revenues, which account for only the UK [...]
London’s businesses can lead a UK-wide economic recovery June 12, 2020 As the focus shifts from the immediate health crisis of Covid-19 to slowly easing the lockdown, the capital’s business leaders are committed to playing their part. Early this week, I brought together some of London’s most prominent businesses, representing all sectors of the economy, to map out solutions that support a business-led recovery. From Heathrow, [...]
Peloton shares sink on second day of trading September 27, 2019 Shares in fitness start-up Peloton sank a further four per cent today after making a disappointing stock market debut yesterday. Peloton shares were initially priced at $29 when the company listed in New York yesterday morning, but closed more than 11 per cent down at $25.75. Read more: Peloton prices float at $29 per share [...]