Exclusive: IWG founder and office veteran Mark Dixon on why hybrid working is the new normal July 28, 2021 Office space giant IWG swung to a £650m loss last year due to the impact of coronavirus on working habits, it announced earlier this year. However, founder and CEO Mark Dixon has full confidence in the future of London’s offices, as he sits down with City A.M. for an exclusive interview. Dixon said his company [...]
Trust beats punishment: Soft regulation may be more effective in sharing economy July 27, 2021 Soft and supportive regulation is more effective in creating trust and ensuring cooperative behaviour, according to new research shared with City A.M. this evening. Currently, most companies operating in the sharing economy tend to use forms of harsh regulations, often based on different types of penalties or punishment, a team of researchers from the Vienna [...]
House prices to surge another £50,000 over next five years July 27, 2021 House prices are expected to surge another £50,000 over the next five years, further reducing affordability in the UK property market, according to new forecasts published today. Estate agent Savills predicts house prices will jump nine per cent this year, driven by the extended stamp duty holiday and prospective buyers rushing to purchase larger homes [...]
Former PM calls Australia’s vaccine rollout a ‘colossal failure’ July 27, 2021 Former Australian Prime Minister Malcolm Turnbull has criticised the Australian government’s vaccine rollout as “the biggest failure of public administration” he can recall to date. Speaking to the BBC, Turnbull said the Australian government failed to secure enough Covid-19 vaccinations: “It was a colossal failure, and the problem is you can’t wind the clock back [...]
‘Candy Crush’ maker fighting allegations of a culture of gender discrimination and sexual harassment July 27, 2021 The makers of Candy Crush and Call of Duty, Activision Blizzard, is fighting a lawsuit that alleges it oversaw a culture of sexual harassment, gender discrimination and retaliation for reporting abuse. It follows years of allegations levelled at the lucrative gaming industry that it is rife with gender inequality and misogyny. Activision Blizzard, the most [...]
Meet Shein: The secretive Chinese fast-fashion firm taking over online retail July 27, 2021 Taking the Tube at the minute can still, at times, feel like time travel. Around you are slightly tattered posters for theatre productions that haven’t been on stage for more than a year; ads for movies touted for cinema release that ended up quietly released to Netflix with little fanfare. Amongst these relics of a [...]
Warren Gatland makes three changes as Lions go on the hunt for series win July 27, 2021 Head coach Warren Gatland has made three changes for the second Lions Test against South Africa in Cape Town on Saturday. Prop Mako Vunipola replaces Rory Sutherland, with scrum-half Conor Murray in for Ali Price and centre Chris Harris starting in place of Elliot Daly. Number eight Taulupe Faletau is on the bench after missing [...]
Tech stocks – slow-down or slump? July 27, 2021 | Sponsored With the COVID-19 pandemic accelerating the shift towards a digital-first world; technology stocks rose to all-time highs in 2020, as people spent more time online.1 However, as economies have begun to reopen following the rollout of highly effective coronavirus vaccines; tech stocks sold-off as investors rotated towards sectors set to benefit from reopening. In this [...]
Olympics: Tom Dean wins gold in the pool as Team GB medal haul swells July 27, 2021 Swimmer Tom Dean edged out compatriot Duncan Scott by 0.04 seconds to add another gold to Team GB’s haul. The swimmer, who could barely walk up his own stairs six months ago having contracted Covid-19, has become Britain’s first 200m freestyle gold medallist since 1908. Duncan Scott finishing in the silver medal position marks the [...]
Average UK house price 30 per cent up on 2007 market peak July 27, 2021 The average price of a home in the UK has risen to a new high of £230,700, up 30 per cent on the 2007 market peak. Since June of last year, the average price has risen by 5.4 per cent, more than double the year on year price growth recorded 12 months ago, when annual [...]