Two thirds of Brits not taking a lunch break August 12, 2022 Despite the capital’s bout of sunny weather, two thirds of workers are not taking a lunch break this summer, while the remaining third are choosing to dine ‘al-desko’, new research has revealed. As the pursuit of the elusive work-life balance becomes increasingly important in Brits’ list of workplace priorities, a new study into the summer [...]
City office provider buys back full portfolio amid record interest July 6, 2022 London office provider Office Space in Town (OSiT) has claimed full ownership of its portfolio, City A.M. can reveal today, as it looks to grow its portfolio into a £1bn powerhouse before the end of the decade. The company, which has a market capitalisation of some £220m, has snapped up the remaining 80 per cent [...]
Square Foot Mile: Corporate office space deals surged by 25 per cent in 2022 December 23, 2022 Big corporate deals for London HQs has caused office leasing volumes to surge by almost 25 per cent. The post-pandemic return to the office is in full swing, with central London take-up rising by 24 per cent this year. Of the increase, demand for high-quality space in the capital has skyrocketed with 60 per cent [...]
Sadiq Khan plans to hike London council tax bills by 8.6 per cent December 19, 2023 Sadiq Khan has unveiled plans to hike Londoners’ council tax bills by almost £40 as he prepares to stand for a record reelection to a third term in office.
Back to adland: What London’s creatives think about the return to the office July 3, 2021 With the final easing of lockdown restrictions on the horizon, attention is turning to the eventual return to the office and a new era of flexible working. Major banks such as JP Morgan, Goldman Sachs and Morgan Stanley have all begun bringing staff back into the office, while UBS has said it will embrace a [...]
Dechert and Fried Frank up new lawyers pay as salary battle rages on February 21, 2022 Dechert and Fried Frank have both upped the salaries they pay out to newly qualified lawyers, as the pay battle continues. Dechert confirmed to City A.M. that it has increased pay for newly qualified associates in its London office from £125,000 to £140,000. The Philadelphia firm’s 12 per cent pay rise for newly qualified associates [...]
Is FC Barcelona’s plan to ditch Nike for in-house kits the future or just posturing? March 6, 2024 They aren't the first football team to try this, with mixed results.
Just 15 per cent of central London workers back in the office, says think tank August 12, 2021 Just 15 per cent of central London workers have returned to their place of work, according to new figures from the Centre for Cities think tank. The new figures for the last week of July showed that central London has the lowest amount of workers who have returned to the office out of any city [...]
Crane drain: Construction on new London offices slows to five-year low November 18, 2019 The number of new construction projects for office blocks in London has fallen by almost half in the last six months, according to data published today. Work has started on only 24 new schemes totalling 1.8m square feet (sq ft) in the capital over the last six months, compared to 37 schemes totalling 3.5m sq [...]
Meta president Nick Clegg says AI can’t be kept in the ‘clammy hands’ of Big Tech April 9, 2024 During a Meta event, Nick Clegg also revealed that Llama 3, Meta's newest large language model (LLM), will be released within a month.