Central London commercial market booms as tech giants move in October 16, 2018 An influx of tech and creative giants has bolstered the capital’s buoyant commercial property market in the last three months, with business space under offer rising across central London. Facebook’s arrival in King's Cross significantly boosted office take-up levels, after the tech giant took more than 600,000 square feet (sq ft) as its new London [...]
It’s Google versus Facebook in the fight for video dominance October 15, 2018 There’s a battle brewing online. In search of more views, users, and lucrative ad money, Facebook wants to take on Google and steal YouTube’s crown as the dominant video platform. The social media giant is fighting on two fronts. It launched its first assault last year with Facebook Watch, a platform effectively identical to [...]
Nine Elms project One Embassy Gardens put on the market for £160m October 11, 2018 One Embassy Gardens, a flagship Nine Elms office block located next to the new US embassy, is being put up on the market for £160m today, as developers hope to lure in buyers for one of Europe’s largest regeneration zones. Ballymore's planned sale comes 10 months after the developer secured the tenancy of Penguin Random House, with [...]
FAANGs out: Tech stocks set to continue slide after losing $172bn in a single day October 11, 2018 Yesterday's $172bn (£130bn) tech stocks slide is set to worsen today, as pre-market trading indicates each of the so-called FAANG companies could stand to lose further value. Amazon was the worst hit overnight, losing an additional 2.24 per cent on top of yesterday's 6.15 per cent slide which wiped around $56bn off its market capitalisation. Apple [...]
Facebook triples its UK tax bill to £15.8m October 8, 2018 Facebook paid £15.8m in UK tax last year, tripling the amount it paid in 2016 as tech firms come under increased scrutiny by HMRC. Accounts filed last week on Companies House revealed the social media giant's profits for its UK office, which covers expenses on marketing, sales and engineering support, rose 6.3 per cent to [...]
When the banter stops: Viral publisher Unilad braced to enter administration October 4, 2018 The company behind Unilad, an internet news site known for its viral content, is set to go into administration – putting hundreds of jobs at risk. A judge recommended the move after a court heard that the website’s parent, Bentley Harrington, had debts running up to £6m. Alex Partridge, Unilad’s co-founder, echoed the call. Patridge [...]
London office take-up climbs as Crossrail arrival and new hotspots fuel demand October 4, 2018 Demand for office space in Central London jumped in the third quarter of 2018, with take-up in the capital’s commercial property sector showing no sign of a slowdown in the run-up to Britain leaving the EU. Office take-up in the three months to the end of September hit 3.7m square foot, marking a six per [...]
Facebook Messenger and WhatsApp are becoming increasingly important to businesses October 4, 2018 When was the last time that you voluntarily made a phone call? Some of you may pretend that you prefer the human touch of chatting over the phone, but let’s be honest – phone calls are inconvenient. A ringing phone interrupts your day and train of thought, while waiting for your call to be answered [...]
DEBATE: Can traditional small-state conservatives justify imposing a new digital tax? October 3, 2018 Debate: Can traditional small-state conservatives justify imposing a new digital tax? YES, says Waqar Riaz, head of data-driven marketing at Cheil Europe. Few can argue with the idea that big business should pay its fair share towards public services like the NHS or education. Yet, as business has become increasingly global in nature, legislation has failed to [...]
Bereft of new ideas, Jeremy Corbyn’s Labour Party is dead set on sticking its head in the sand October 3, 2018 One of the most dispiriting aspects of the Labour Party conference, which ended last week, is how deeply conservative the political left has become. Its remedies for Britain’s problems look to the past and not the future. Far from embracing new technology, the left is hostile to it. This was not always the case. Labour [...]