Peloton sends staff back to the office in far-reaching turnaround plan August 13, 2022 Exercise bike maker Peloton has set out plans to hike its prices, cut costs, and force its staff back into the office, as it seeks to turnaround after demand for its home gym equipment dipped following the lifting of Covid-19 restrictions. In an internal memo published by Bloomberg, the New York headquartered running machine seller [...]
Convicted: Ex Labour MP Jared O’Mara guilty of fraud to fund cocaine habit – while in office February 8, 2023 A former Labour MP has been found guilty of making fraudulent expenses claims to fund a cocaine habit while in office. Jared O’Mara was convicted of six counts of fraud after trying to claim around £24,000 of taxpayers’ money for his “extravagant lifestyle”. The 41-year-old, who represented the constituency of Sheffield Hallam from 2017 to [...]
UK civil servants to have computers monitored to get people back to office September 13, 2022 Whitehall civil servants will have their computers monitored in a bid to get people back to the office permanently post-Covid. Civil servants in the Cabinet Office, which has around 2,700 staff, have been told that management will monitor how often they log on to their computers to track how much they work from home. It [...]
Exclusive: WeWork introduces discounts to drive office workers back into London September 8, 2022 Flexible workspace provider WeWork has launched new incentives for London businesses to entice workers back into the city. The New York-headquartered company is working with BusinessLDN, with members of the advocacy group being offered access to new discounts. Businesses are able to access 50 per cent off WeWork’s All Access monthly membership fees for three [...]
Workspace says office demand remains strong despite strike disruption and extreme weather October 13, 2022 Workspace said demand for office space in the second quarter remained resilient, despite extreme hot weather and tube and rail strike disruption. The flexible working space firm reported strong conversion of demand into lettings with 317 lettings completed in the quarter and 642 lettings in the first half, with a total rental value of £17.5m [...]
GPE injects £1.1bn into ‘starved’ London office market despite sinking values November 17, 2022 GPE, formerly known as Great Portland Estates, is continuing to inject £1.1bn into feeding a “starved” central London office market despite blows from rising interest rates. The London-listed firm, which yesterday secured a record leasing of the City’s 2 Aldermanbury Square to Clifford Chance, is one of the largest office leasers in the capital. However, [...]
Serious Fraud Office to call for overhaul of disclosure regime following trial issues September 4, 2022 THE UK’s Serious Fraud Office (SFO) is pushing for the UK’s current disclosure framework to be reformed and brought into the 21st century, City A.M. has learned. The head of the fraud agency, Lisa Osofsky, is expected to use a speech in Cambridge tomorrow to call for an overhaul of the current disclosure regime, which [...]
We’re instinctively afraid of Big Things, but we don’t need to break up the Home Office January 25, 2023 Whether its Big Government or Big Tech, we have an innate fear of anything too large or unwieldy. But breaking things up - or making them smaller - won't in itself fix problems in the system, writes Sascha O'Sullivan.
KPMG opens virtual office in the metaverse for staff in US and Canada June 23, 2022 KPMG has set up an office in the “metaverse” for staff in the US and Canada to facilitate cross-border collaboration. The Big Four firm yesterday opened its first ever “metaverse collaboration hub,” with a view to letting staff work in an “immersive” virtual world. KPMG said its new virtual office will facilitate collaboration between its [...]
Battersea Power Station to open next month with new shopping and office destinations September 1, 2022 The office and retail development at Battersea Power Station will open to the public next month, almost 40 years since the iconic building closed. The South-London development will open on 14 October, project owners revealed on Thursday. Around 100 shops, restaurants and bars have bagged space at the development, while big names Apple and IWG [...]