Workspace: London office provider’s chief to retire after 16 years at the helm January 25, 2024 Flexible office provider Workspace will kick off the recruitment process for a new chief executive, following the retirement of its current boss.
The five biggest global business meltdowns of the year December 28, 2023 City A.M. recaps the biggest global business nightmares of the year.
Wework to go public via Spac in $9bn deal March 26, 2021 Wework has reportedly agreed to go public through a merger with a blank-cheque vehicle valuing the company at $9bn. The office-sharing giant is the latest company to join the Spac phenomenon which has been positioned as a quicker way to go public. Also known as blank cheque vehicles, Spacs raise capital through a public listing [...]
Neumann’s WeWork exit package increases with $245m in potential stock May 28, 2021 Former WeWork boss Adam Neumann is set to emerge from his separation with the company with an extra stock award worth $245m. Neumann has also received almost $200m in cash after renegotiating the terms of his 2019 exit agreement. The shares come on top of an already generous package for Neumann, who gave up his [...]
WeWork posts £1.45bn loss ahead of stock market debut May 21, 2021 WeWork today posted a £1.45bn first quarter loss as the office-sharing startup prepares for its stock market debut. The company, which is backed by Japanese tech giant SoftBank, said its quarterly revenue almost halved from a year ago to $598m. WeWork had originally attempted to go public in 2019, but the move collapsed over concerns [...]
Moving markets: Five things shaping the FTSE 100 today November 7, 2023 Aussie bank hike, Chinese exports fall and central bankers opine on rates: What's moving markets and the FTSE 100 today
Ever wanted to make the pub your office? Well now you can and it’s cheaper than you think April 4, 2024 It's actually cheaper to work from a pub than in a co-working space, a new report has claimed.
Workspace Group reports ‘resilient’ customer demand in the fourth quarter April 17, 2024 Flexible office space provider Workspace Group reported resilient customer demand in the fourth quarter ending March 31st, completing 343 new lettings.
Victoria Scholar: The economic clouds are parting – for housebuilders, at least February 8, 2024 Victoria Scholar is head of investment at interactive investor and writes a fortnightly notebook for City A.M. In a surprise announcement, Britain’s largest homebuilder Barratt Developments has offered to buy smaller FTSE 250 rival Redrow in a £2.52 billion deal. The announcement skyrocketed shares in Redrow, while Barratt extended its year-to-date declines. The new ‘Barratt [...]
SoftBank reaches settlement with former WeWork chief Neumann February 27, 2021 SoftBank last night reached a settlement with WeWork’s special committee and the company’s co-founder and former chief executive, Adam Neumann, putting to rest a legal battle dating back to 2019. SoftBank, the new owner of the office-sharing firm, did not disclose terms of the settlement. Media reports earlier this week indicated the deal includes a nearly [...]