Derwent London reports dip in rental income after ‘unprecedented’ year during pandemic March 11, 2021 Property firm Derwent London this morning reported a dip in net rental income for the year, as the vacancy rate for the London office market doubled during the pandemic. Gross rental income for the landlord hiked 5.8 per cent last year to £202.9m, up from £191.7m in the same period last year. However the impact [...]
Central London footfall jumps as office workers start to return September 7, 2020 Retail footfall in central London jumped last week as workers began returning to the office, in a sign of hope for struggling businesses in the capital, the latest research showed. Footfall increased 4.1 per cent across inner London high streets compared to the previous week as firms began to welcome employees back to the office. [...]
Trader sues UBS over stress induced mental health issues – CityAM : CityAM September 22, 2021 A UBS Group trader is suing his employer claiming the “toxic” London work environment and “punishing workload” caused his mental health to deteriorate. Simon Rope, who has been unable to work since suffering a breakdown in 2018, is claiming upwards of £200,000 for negligence over an anxiety disorder which was caused by “the stress to [...]
Copper lands experienced financial services chief as COO March 7, 2022 London-based Copper.co - a provider of digital asset custody and trading infrastructure - today announced the appointment of Sabrina Wilson as Chief Operating Officer.
Khan tours America: Donald Trump’s presidency led to much more racist abuse for me, says Mayor of London May 11, 2022 As Sadiq Khan’s visit to the US matures, the Mayor of London has said Donald Trump’s period as US president led to a significant rise in racial abuse directed at him. Khan, speaking at Stanford University near San Francisco on his US trade mission, said temporary and permanent banning of Mr Trump from Twitter led [...]
Hedge fund boss makes shock appearance at GSK investor call to pile pressure on CEO October 10, 2021 Hedge fund boss Gordon Singer dramatically questioned the leadership of GlaxoSmithKline chief executive Emma Walmsley at a virtual investor meeting. Singer, head of Elliott Investment Management’s London office, demanded an answer as to why the drug company’s share price had slumped below pre-Covid levels. Around 50 top investors were present at the private virtual event, [...]
Flight to cities to boost London businesses’ profitability September 13, 2021 Changes to working patterns and companies flocking to cities as the spectre of Covid recedes will boost London businesses’ profitability, according to fresh analysis published today. Research conducted by accountancy firm KPMG shows an influx of new, fast growing businesses into the capital will drive productivity and overall profitability levels up in London. Office occupancy [...]
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.
Worker shortages threaten to derail London recovery October 8, 2021 LONDON is among the worst areas in the country being plagued by worker shortages. The volume of part-time workers available for work across the capital plunged at its quickest pace since records began, according to research by the Recruitment and Employment Confederation and KPMG. A paucity of overseas talent and workers who were previously in [...]
Nomura signs up Deutsche Bank veteran as chief risk officer in London October 5, 2020 Japanese investment bank Nomura has lured Aisling Doyle away from Deutsche Bank to oversee all risk-related matters at its Europen investment arm. Doyle will be based at Nomura’s office in the City, reporting directly to the global group’s chief risk officer, Sotaro Kato, as well as to Jonathan Lewis, CEO of Nomura’s European division and [...]