HSBC: FTSE 100 giant mulls return to office mandate June 18, 2025 Banking juggernaut HSBC is exploring a global mandate that would force employees back into the office for at least three days a week. The lender’s considerations come straight from the top, with chief executive Georges Elhedery meeting with executives across the business to discuss a group-wide return. Discussions are still said to be going, as [...]
Knights Templar-inspired office building gets green light June 17, 2025 Plans to build a mixed-use office scheme in Holborn on the site of the former Knights Templar Church have been approved by the City of London Corporation. The new building will replace the existing Holborn Gate, Heron House and 44 Southampton Buildings on Chancery Lane. It will include a 300-person capacity immersive auditorium as well [...]
Canva boss warns Gen Z about future of the workplace at SXSW London June 4, 2025 A senior leader at Canva, the world’s most-used design platform, has used an appearance at the SXSW London event to warn Gen Z about Gen Alpha and the future of the workplace. Canva’s Head of Europe Duncan Clark suggested that current Millennial and Gen Z workers should already be thinking about how to work effectively [...]
Lazard relocates UK headquarters after 20 years June 2, 2025 Financial services firm Lazard has opened a new UK headquarters in Marylebone as it looks to extend its presence in London. The new, larger site at 20 Manchester Square will become one of its three major global offices alongside New York and Paris. CEO Jeremy Taylor said the site was “more than just a new [...]
Avison Young loses over £100m for a second year as more jobs cut May 29, 2025 More than £100m has been lost for a second consecutive year by the UK and European arm of global commercial real estate services firm Avison Young as it continued to cut jobs, it has been revealed. The Birmingham-headquartered division has reported a pre-tax loss of £101.8m for 2024, having posted the same total for 2023. [...]
Law firm Crowell & Moring shifts London HQ to Bishopsgate May 28, 2025 Crowell & Moring has swapped its London HQ from Tower 42 to 199 Bishopsgate, joining the swarm of City firms on the outskirts of Shoreditch
HSBC UK to slash bonuses for staff not turning up to office May 21, 2025 HSBC has told its UK-based retail workers that failing to show up to the office could see their bonuses slashed. Europe’s biggest bank informed staff in the retail and domestic commercial arm that if they are not following the firm’s three-day minimum requirement to work in office they could be paid less as a result. [...]
Londoners working from home could boost pension pot by £236,000 May 21, 2025 Commuters could save hundreds of thousands of pounds in their pension pots by working from home three days a week, a new study has found. Working from home for three days a week reduces the annual cost of commuting by as much as £2,000, which when put into a pension, could pay big boons in [...]
Landsec boosts profit amid residential and retail pivot May 16, 2025 Property investment group Land Securities – known as Landsec – has reported a five per cent boost amid a strategic repositioning of the firm’s commercial property portfolio in favour of residential and retail property. Profit before tax rose to £395m from £341m, as the group plans to invest £1bn in retail and more than £2bn [...]
London crowned most expensive city for office refits after ‘perfect storm’ of costs May 7, 2025 Demand for high-quality facilities and specialist skills has made London the most expensive city in the world to refit an office, according to new research. The average high specification project in London costs £4,671 ($5,932) per square metre, four per cent higher than runner-up New York and eight per cent higher than third-place Zurich, Turner [...]