Analysts ponder whether activist fund Elliott is more in need of a ‘shake-up’ than the firms it invests in December 15, 2021 Activist investor Elliott has ramped up its pressure on UK businesses this year, taking on builder Taylor Wimpey, pharmaceuticals firm Glaxo Smith Kline, and energy giant SSE. It took a sizeable top-five stake in SSE in September and last week wrote a ten-page letter to the firm’s chairman Sir John Manzoni criticising the firm’s CEO [...]
Balanced Commercial Property Trust sheds more offices amid ‘challenging’ market July 12, 2024 The commercial property investor Balanced Commercial Property Trust has shed more offices as part of its strategy to focus more on the food and beverage sector.
London is in a race for space – and developers need to do more than look up April 12, 2024 Tall buildings are great, but with huge demand for quality physical space in the capital, the construction industry needs to be more creative, says Ged Simmonds Despite post-pandemic fears of vacant buildings and stranded assets, recent coverage has revealed that London is now in the midst of a ‘race for space’. News that Deloitte has [...]
TSB shifts Square Mile hub as staff defy work from home expectations June 16, 2024 The controversial work-from-home trend, catalysed by the Covid-19 lockdowns, has drawn criticism by some business leaders and politicians.
Met Police ‘Rich List’: Force spent £35m paying top cops on over £100,000 March 24, 2024 The Metropolitan Police spent £35m last year paying top cops salaries of above £100,000, accounts reveal.
Three-quarters of London firms welcome staff back to offices August 4, 2020 London firms are starting to bring their staff back to the workplace after more than four months of remote working due to the pandemic. A survey of 100 business leaders conducted by London First reveals a phased return of staff is underway for three quarters of London firms. The survey, which was carried out last [...]
Good news for London’s property market as US investment rebounds May 1, 2024 Significant deals have included MCR Hotels' £275mn purchase of the BT Tower in central London and Elliott Management and Oval Real Estate's £300mn acquisition in the West End.
Bank Holiday getaways at risk as London Heathrow Airport border staff to strike May 17, 2024 Over 500 Border Force workers at the West London airport's terminals 2, 3, 4 and 5 will down tools, potentially causing massive queues.
800,000 London jobs could be done elsewhere post-Covid June 29, 2021 Around two out of five people living and working in inner London could continue their roles remotely after the pandemic, according to new research. London risks losing more than 835,000 jobs as the pandemic sparks a permanent shift to more flexible working patterns, and city dwellers are able to move out of the capital to [...]
City Moves: Who’s switching jobs in the Square Mile today? September 23, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Savills adds two to Super Prime London team Savills has added two new hires to its Super Prime London Residential Development Sales team at its headquarters on Margaret Street, who both previously worked for the estate agency. [...]