Wimbledon tennis expansion: Deputy Mayor to deliver final-ish decision on seemingly endless planning application January 23, 2024 Wimbledon organisers claim they need the extra space - on land they own - to deliver a world-leading tournament and revenues that will benefit the wider sport
Flexible the new normal as half of ALL Londoners now hybrid workers with pandemic routine ‘here to stay’ September 26, 2022 More than half of London’s workers are spending at least one day a week at home, according to new government figures shared with City A.M. this week. In a government survey of nearly 2000 firms in the city, 32.2 per cent said their workers were in the office one or two days a week, while [...]
Derwent hikes dividend as election boosts London office sector February 25, 2020 Property investment firm Derwent London hiked its dividend this morning as it said it has a “more confident outlook” for the capital’s office sector following the General Election result. The figures Derwent reported a total return of 6.6 per cent in the year ended 31 December. Net rental income increased 10.5 per cent to £178m, [...]
KPMG shakes up UK executive committee in line with £300m growth strategy September 1, 2022 KPMG today set out plans to shake up its UK executive committee in line with efforts to bolster high-growth areas of its business by investing £300m over the next three years. The executive reshuffle will see KPMG’s chief financial officer Chris Hearld take the reins from current chief operating officer Tim Jones from 1 October. [...]
Lyft loses ground on Uber: Share price falls 30 per cent after profit down £100m on forecast February 10, 2023 Lyft is trailing behind competitor Uber as disappointing forecasts have caused investors to lose confidence. Shares in the ride-hailing company dropped more than 30 per cent this week after it reported lower than expected first quarter profit forecasts of $975m (£805m). Initially, analysts forecasted it would be at $1.09bn (£900m), according to Refinitiv data. Lyft [...]
New York and New Jersey rocked by magnitude 4.8 earthquake April 5, 2024 A magnitude 4.8 earthquake hit New York City and the surrounding area including New Jersey on Friday morning, eastern daylight time.
Footwear retailer Office’s chief executive quits after one year November 21, 2019 The chief executive of high street footwear retailer Office has stepped down after just a year in the role. Lorenzo Moretti has resigned after joining the company in December last year from his role as Sonos vice president of global retail. Read more: Office set to close up to half its 100 UK stores He [...]
Christmas cracker for Evri as bargain hunters drive record 150m deliveries January 22, 2024 Delivery giant Evri delivered a record number of parcels during the busy festive period, boosted by a late surge in the final Christmas week.
Therese Coffey: Former Tory deputy PM applied for Labour Treasury job August 14, 2024 Former Conservative deputy prime minister Therese Coffey reportedly applied for a senior role in the Treasury under Labour. The ex-MP – who lost her Suffolk Coastal seat at the general election among some 200 Tories who failed to secure re-election – put herself forward for the role of UK director at the European Bank for [...]
End of an era: Majority of jobs axed as TV shopping channel Ideal World collapses July 6, 2023 TV shopping channel Ideal World has hired administrators and made the “majority” of its workforce redundant. The Peterborough-based company employed around 275 people at its head office but hired insolvency experts from advisory firm Kroll on Wednesday after it was hit by weaker consumer spending habits. Administrators said overall trading was “not strong enough” for [...]