Workspace slashes dividend as profit plummets amid new boss’ shake-up Property Real estate group Workspace slashed its dividend in the latest financial year as the firm plunged to a hefty loss. The FTSE 250 company posted a £120.5m loss before tax, from £5.4m last year, which was driven by nearly £160m in write-downs of property valuations amidst a changing strategy. New boss Charlie Green – who [...]
Coco di Mama bets on meal deals as it launches in Tesco Retail Coco di Mama has announced the launch of a range of freshly made Italian sourdough sandwiches in Tesco’s premium meal deal as it bets on the grocery market. The launch follows a “hugely successful” debut year in retail with its range in Sainsbury’s’ £5.50 meal deal. “Capital-light, fast-growing channels,” are the focus of the brand at [...]
Boardroom Uncovered: How work from home policies have changed business Video Pret A Manger UK managing director, Clare Clough, said work from home patterns are influencing where the business opens new stores.
How WFH is influencing where Pret A Manger will open new stores June 10, 2025 The move to working from home post-pandemic is having an impact on where Pret A Manger will open new stores, its UK boss has said.
Repeat after me: Working from home is NOT an ideology June 2, 2025 When work from home becomes a question of culture, not practicality, we have completely lost the point, writes Eliot Wilson.
WFH: Blackrock orders managing directors to work full week from office May 8, 2025 Blackrock is ordering its most senior staff to work from the office five days a week in the latest example of financial institutions abandoning the flexible working from home (WFH) policies many adopted in the wake of the pandemic. The investment juggernaut will tell its workers that all of its approximately 1,000 managing directors across [...]
Wework hopeful of revival amid growth in demand for flexible workspaces April 22, 2025 Embattled office company Wework is hopeful of a revival after reporting a jump in demand for flexible workspaces in London. The New York-based business, which collapsed in November 2023 before emerging from bankruptcy last year, said its on-demand bookings – a pay-as-you-go membership option – rose by 30 per cent in London compared to the [...]
Demand for London offices hits post-financial crisis high April 14, 2025 Demand for office space in Greater London and the South East rose to its highest first-quarter level since the financial crisis in 2025, according to new data. Around 1.2m sq ft of space was let in London during the first quarter of 2025, up 39 per cent on the final quarter of 2024, according to [...]
31-story skyscraper on 130 Fenchurch Street inches towards a green light March 4, 2025 Proposals for a “showpiece office building” on 130 Fenchurch Street are open for further consultation ahead of an application for planning permission. Designs for the revamped building at the site of City AM’s former HQ Fountain House detail 31 storeys of office space, an improved streetscape and street-level amenities. “[The proposals] aim to create a [...]
The London office market has ‘definitively turned’ as prime rents set to double February 27, 2025 Analysts have said the London office market has turned a corner after two major commercial real estate investors released positive results. Dewent London reported rental growth doubling to 4.3 per cent, the highest since 2016, and it expects estimated rental value growth – an estimate of the rent that a property could earn if it [...]