Barclays urges staff back to the office as HSBC eyes September return July 29, 2020 Barclays boss Jes Staley has indicated he wants employees to return to the office, as HSBC reportedly tells its staff they can work in Canary Wharf from September. Speaking to Bloomberg TV today, Staley said: “It is important to get people back together in physical concentrations.” He has previously said big city offices “may be [...]
Protokol launches to lower the barriers to entry for enterprise blockchain adoption September 23, 2020 Following Crypto AM’s piece on new enterprise blockchain provider Protokol last month, the business is fully launching to the enterprise market today. Protokol creates and delivers tailored blockchain solutions that solve real business challenges quickly and effectively, enabling enterprises from a range of different industries to enhance their digital transformation strategies and open up new [...]
Businesses urged to fight climate change and cut costs March 3, 2020 Businesses will be required to submit data on their carbon emissions, alongside their accounts, for the first time. The Streamlined Energy & Carbon Reporting requirements (SECR) will take affect for 12,000 companies whose financial year’s started on or before 1 April 2019 The government argues cutting the 30 per cent of annual greenhouse gas emissions [...]
SocGen profit slumps amid major restructuring November 6, 2019 Societe Generale has posted a steep drop in profit for the third quarter of this year, missing analyst expectations amid a major restructuring effort. The bank reported net profit of €854m (£734m) for the three month period, dropping almost 35 per cent when compared to the same quarter last year. Analysts expected a net income [...]
The Office Group buys Chancery House for £100m October 14, 2019 Flexible workspace provider The Office Group (TOG) has bought Chancery House in a deal worth more than £100m. The 150,000 sq ft property in Chancery Lane is the co-working group’s largest London property to date. Read more: The Office Group expands into Hammersmith Wework rival TOG bought the block near Chancery Lane and Holborn Underground [...]
Boeing shares leap on reports the 737 Max could fly again within weeks February 6, 2020 Boeing shares surged more than three percent this afternoon on reports the troubled 737 Max passenger aircraft could fly again within weeks. US Federal Aviation Administrator Steve Dickson said on Thursday international air safety regulators were likely to agree on the design fixes needed to return the Boeing 737 Max aircraft to service. “On the [...]
Saks owner Hudson’s Bay agrees to go private October 21, 2019 Hudson’s Bay Company (HBC), the owner of New York department store Saks Fifth Avenue, has agreed to be bought by a group of investors led by its executive chairman. The investor consortium led by Richard Baker, who currently owns 6.32 per cent of the firm, has made an offer to buy the shares of HBC [...]
Police evacuate Soho over suspected World War 2 bomb February 3, 2020 The Metropolitan Police have evacuated an area in Soho as they assess whether an old World War 2 bomb has been uncovered. They were called to Dean Street after reports of an unexploded ordnance at 1.48pm today. The London Fire Brigade is also on the scene. The Met said: Officers continue to work in Soho [...]
Softbank in talks to take over KPMG’s private members’ club November 19, 2019 Softbank is reportedly in talks to take over the KPMG’s controversial private members’ club in Mayfair, after regulators expressed concerns the auditor was giving memberships to its clients as perks. KPMG put the five-storey club, called Number Twenty, on the market in September as part of a cost-cutting drive but stepped up efforts to offload [...]
The big business invasion of the co-working world is bad news for entrepreneurs August 15, 2019 In recent years, the co-working market has exploded. It has become such big business that WeWork, one of the earlier entrants to the space, is now valued at $47bn and is preparing for an initial public offering. The total number of sites and seats available is estimated to have roughly doubled each year since 2005. [...]