Zoom beats expectations as momentum continues despite office return November 22, 2021 Zoom Video Communications has beat estimates for third-quarter revenue as its shares jumped in extended trading. Despite the firm warning of slowing revenue growth after the second quarter as home-working weakens, the firm was able to hold its momentum. Revenue rose 35 per cent to $1.05bn in the third quarter ended 31 October, compared with [...]
Selfridges to make redundancies at London HQ and hits out at ‘absence of a tax-free shopping’ May 9, 2024 Luxury department store Selfridges is to make around 70 redundancies at its London head office.
Clifford Chance undecided on plans to ditch Canary Wharf HQ and slash size of offices February 8, 2022 Clifford Chance is weighing up plans to slash the size of its London offices, with a view to leaving its Canary Wharf headquarters and moving back into the City. However, City A.M. understands the London law firm has not yet come to a decision on whether to leave its docklands HQ or get rid of [...]
Looming energy price cap rise could push five million back to the office February 8, 2022 The looming energy price cap could push almost five million people back into the office, as rising energy costs weigh on the work from home lifestyle. With millions considering ditching the pandemic-era work pattern, according to research by Electric Radiators Direct, early commutes at an average of £64 a month are appearing more desirable to [...]
Durham police: Sir Keir Starmer in the clear over office beer during lockdown February 7, 2022 Sir Keir Starmer has been cleared of an allegation he broke lockdown rules after he was filmed drinking a beer in an office. Durham police said this morning they did not believe any offence was committed. The Labour leader was in the City of Durham MP’s office, working in the run-up to the Hartlepool by-election [...]
Workspace bets on the office return with £45m Islington acquisition November 17, 2021 Office-space provider Workspace has announced it has bought out a smaller competitor, The Busworks, in a £45m deal as more people return to offices in London. The FTSE-250 company today said it will upgrade the iconic building, a former Victorian bus factory from 1888, which is currently being used as office spaces to rent. The [...]
US law firm bucks the homeworking trend by signing lease for larger City of London offices March 3, 2022 US law firm Jenner & Block is set to buck the trend towards office downsizing by expanding the size of its City of London offices. The Chicago headquartered firm will take on new premises with 45 per cent more office space than it currently has at its offices in Tower 42. In a statement, [...]
Drinks sales boosted by office return as bars slowly recover from Omicron hit February 3, 2022 Drinks sold at pubs and bars in Britain edged closer to pre-pandemic levels, in levels not seen since last November. Average drinks sales by value in managed pubs, bars and restaurants for the week to Saturday 29 January were eight per cent below the same period in 2020. This was the first time the weekly [...]
US property firm picks up Angel office development in bet on office return July 19, 2021 American property firm Tishman Speyer confirmed the £86.5m purchase of a major office development in Islington this morning as it bets on workers returning the office. The deal with British property investment business Derwent London sees the sale of their office freehold interest in Angel Square, just behind Angel tube station. Derwent London announced the [...]
Lucozade targets tired office workers as new Alert energy drink hits the shelves January 31, 2022 Lucozade is focusing on products that will perk up tired workers, the beverage maker’s COO for Great Britain and Ireland told CityA.M. While the brand’s flagship Lucozade products have long been staples for sport fans and gym goers, a new product Lucozade alert is targeting those in need of a mental boost. During the pandemic, [...]