WeWork: Is it nearly the end for the ‘future of work’ office firm? November 1, 2023 WeWork, the office leasing company, is headed for Chapter 11 bankruptcy protection, according to a number of reports in the US overnight. The firm has been battling a substantial debt pile for years and earlier this year flagged ongoing concerns and worries to investors. Bankruptcy protection in the US would give the firm, which once [...]
The Notebook: Gabriela Hersham on flexi spaces for a flexi city, supporting the next generation and a parable about friendship September 25, 2023 Nurturing new talent requires real thinking about the future of the workplace
Wework credit rating slashed after casting doubt over its future August 17, 2023 Troubled office space provider Wework saw its credit rating slashed yesterday evening after the firm cast doubt over its ability to continue operating. US credit rating agency Fitch Ratings cut Wework’s rating from CC to CCC. This is one of the lowest rankings on the credit rating scale, and means the agency believes there is [...]
SoftBank aiming to buy back Arm stake ahead of high-stakes New York IPO August 14, 2023 SoftBank is reportedly in talks to buy back the remaining 25 per cent stake in Cambridge-based chip designer Arm its own investment unit established in 2017. In a strategic move ahead of Arm’s impending float in New York, Japanese tech company SoftBank is looking to regain Vision Fund’s quarter stake in order to fully own [...]
Keeping loss-making giants like WeWork flush with VC cash is killing competition August 14, 2023 WeWork hasn't had to turn a profit because an endless amount of venture capital cash has allowed them to challenge all other workspaces, writes Jordan Greenaway.
WeWork: Flexible office space giant raises ‘substantial doubt’ over its future August 9, 2023 We Work has suffered a sharp fall in its share price after raising "substantial doubt" over its future.
Softbank reports mixed quarter as it ‘timidly’ restarts investment August 8, 2023 Japan’s Softbank Group posted a surprise loss but said it was dipping its toes back into new investments after its Vision Fund unit returned to the black for the first time in six quarters. The Vision Fund unit booked an investment gain of about 160 billion yen ($1.1 billion) for the April-June period, helped by [...]
London gets new West End flexible work space as Elizabeth Line brings in hybrid commuters July 4, 2023 A new 45,000 sq ft site flexible work space will open in the heart of the West End in a signal that London’s hybrid work trend is showing no signs of cooling. Runway East, (RWE) already has five spaces across London, including sites in Borough Market and Shoreditch – and will open a new one [...]
Why measuring a business’ intent is essential to valuing its green credentials May 18, 2023 More and more businesses are being asked to report on their sustainability credentials, with calls coming from a range of different stakeholders, including investors, consumers and employees. For businesses that do not have a range of historical data available to prove their sustainable and green credentials, addressing these calls can be challenging. An essential factor [...]
M&G calls bosses back into the office – and they can’t be TWaTs about it May 14, 2023 Investment firm M&G has called on its managers to get back in the office for three days a week in a bid to boost the morale and development of its junior staff - but they won't be allowed to simply swan in on Tuesdays, Wednesdays and Thursdays.