35 top business leaders write to PM backing new permanent ‘Thank Holiday’ for Queen’s jubilee: ‘The benefits would outweigh the costs’ April 26, 2022 Nearly 35 top business leaders have written to the Prime Minister in a show of support for a new annual ‘Thank holiday’ honouring Her Majesty the Queen’s 70 years of public service. Dragon’s Den star Deborah Meaden was joined by the head of the Confederation of British Industry and Hospitality UK in backing the initiative, [...]
Death of the office? Don’t tell City businesses as leases shoot up in the first quarter April 26, 2022 London’s office market looks fitter and healthier than ever before, according to the two of the UK’s largest property firms, despite the lures of working from home. Take up of office leases in central London shot up 89 per cent year-on-year in the first quarter, CBRE data shared exclusively with City A.M. revealed. City firms [...]
Zinc Media: London television division returns to profit for first time since 2017 April 22, 2022 Television production company Zinc Media has said its largest division, based in London and Manchester, made a profit for the first time since 2017. In results for the year to 31 December 2021, the company posted revenue of £17.5m, compared to a £30.6m sum for an 18 month period ended 31 December 2020. Mark Browning, [...]
Exclusive: Salesforce chief says tech firm’s City of London offices are amongst the fullest worldwide April 21, 2022 Salesforce’s London offices are now fuller than almost all of its other offices worldwide, Salesforce’s UK & Ireland head has said to City A.M. Speaking exclusively to this paper, Salesforce UK & Ireland CEO Zahra Bahrololoumi said “Salesforce thrives in city centres,” as she explained the firm is now working to upgrade its offices in [...]
Zapp: Rapid delivery app doubles down on London as key ‘convenience mega city’ market April 21, 2022 Rapid delivery start-up Zapp has said it is doubling down on London in its expansion plans. The app plans to differentiate from rivals by focusing on the capital, instead of smaller cities, Zapp’s vice president of strategy, Steve O’Hear told CityA.M. With a focus on a “need it, want it now,” market, the app’s approach [...]
Dramatic clip shows moment renters are ‘attacked’ at London estate agent over ‘illegal eviction’ April 21, 2022 Dramatic footage has emerged online of showing the moment tenants were confronted at a London estate agents in a row over evictions. Seven people visited the offices of Eaton Green in Camberwell, protesting about alleged illegal eviction, before someone exited its office and started “attacking” the activists. In a clip shared on Twitter by @SarahWarsama, [...]
Property boss who burned model of Grenfell on bonfire avoids jail April 20, 2022 A property tycoon has avoided jail for filming a replica model of the Grenfell tower burning in a bonfire. Millionaire Paul Bussetti was handed a suspended sentence over the incident during Guy Fawkes night in November 2018, where he put the model on a bonfire, before the video went viral online. The clip, during which [...]
From Barnet to Fulham via Camden and Southwark: Here are London’s most expensive and decadent rental properties April 19, 2022 While the average London tenant will pay £1,574 per month, the average cost of residing at the very top of the capital’s rental market comes in at a huge £23,839, – a 1415 per cent rental price premium. London-focused rental platform Rentd looked at the average cost of renting in each London borough before comparing [...]
City’s prestigious Dragon Awards to focus on firms promoting socio-economic diversity April 12, 2022 Firms hiring workers from diverse socio-economic backgrounds will be the focus of the City’s prestigious Dragon Awards this year. As the ceremony returns to an in-person event for the first time since the pandemic, the City of London Corporation is looking to shine a light on companies offering opportunities to those less well off. This [...]
Chief of PageGroup recruitment firm reveals plans to step down after 16 years at the helm April 12, 2022 The chief executive of PageGroup recruitment firm has revealed plans to to step down after 16 years at the helm. The announcement was made after the company had record results in the first quarter of the year, with almost £260m in gross profit, up more than 40 per cent on 2021. Making the announcement about [...]