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 [...]
City of London Corporation unveils plans for startup hub at City Place House July 1, 2021 The City of London Corporation this morning announced it has resolved to grant planning permission for Great Portland Estates’ redevelopment of City Place House into a 13-storey office structure that will include affordable space for small businesses and startups. The redevelopment, which will be overseen by Great Portland Estates, will be redeveloped into a 44,500 [...]
London hotel rooms empty as holidaymakers favour rural staycations – CityAM : CityAM August 12, 2021 London hotels have been dealt an unenthusiastic staycation trade while their regional counterparts have capitalised on international tourism constraints. Online travel platform Booking.com told City A.M. that while staycations were at the forefront of UK holidaymakers’ minds with travel restrictions not going anywhere, cities were not the top choice. “In terms of locations, it appears [...]
London e-scooter trial to launch in the City next month May 18, 2021 London’s trial of rental e-scooters will begin next month, it has been confirmed, with the City and Canary Wharf among the first areas to test the transport system. The financial hubs have been tapped alongside a core group of boroughs to take part in the trial, which will begin on Monday 7 June. More areas [...]
London taxi giant Addison Lee goes fully electric by pumping £160m in 4,000 cars September 21, 2021 London’s largest taxi company, Addison Lee, has pledged it will operate only electric vehicles from 2023. The London firm said it is investing £160m to shift its 4,000-strong fleet to electric. This will involve putting 200 Volkswagen ID.4 vehicles on the capital’s roads every month from November. The commitment is the largest single order of [...]
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 [...]
London unlocks: Lord Mayor toasts return of City hospitality May 17, 2021 The Lord Mayor of the City of London undertook a whistle stop tour of the Square Mile’s reopening hospitality venues this afternoon as London began to unlock. Pubs and restaurants were both able to serve customers inside today for the first time since mid-December. Amongst the Mayor William Russell’s visits were M Restaurant on Threadneedle [...]
itim Group plans to float in London as Justin King joins board June 8, 2021 Itim Group plc has announced its intention to float on London’s AIM market, capitalising on structural shifts in the retail sector as coronavirus restrictions ease. The retail software as a service (SaaS) company is seeking to raise between £10 million and £12 million in an IPO. WH Ireland will act as sole broker and the [...]
London house prices: Home buyers increasingly face a sellers’ market June 9, 2021 London’s property market witnessed a 19.4 per cent decrease in the number of sellers willing to drop their asking prices, according to new data shared with City A.M. this morning. The uplift in sellers’ confidence, researched by Chestertons, echoes Halifax’s latest House Price Index for May, which revealed that the average property price in London [...]
Confidence among London businesses reaches highest level for almost three years June 30, 2021 Confidence among businesses in London has reached its highest level for almost three years, according to new research published today. Lloyds Bank Commercial Banking’s latest Business Barometer shows business confidence in the capital rose 17 points to 41 per cent in June 2021 – the highest level since September 2018. London ranked second behind Scotland, [...]