If offices still look like they’re out of an 80s sitcom, we will see more exits like HSBC June 29, 2023 The death of the office proclaimed post-pandemic is far from real; what's true is that London still lacks good quality office spaces. HSBC's change of location is proof of that, writes Gareth Lewis
Thames Water’s woes don’t show the folly of privatisation, but a lack of competition June 29, 2023 Thames Water has got itself into this position not because it's in private hands, but because it isn't subject to the improving forces of the market
Sony, Universal and Warner forced to explain ‘disappointing’ gender pay gaps June 28, 2023 Representatives from Sony, Universal and Warner today were forced to explain the gender pay gaps in their companies as they were questioned by MPs in parliament. Reports on salaries at the organisations in 2022 revealed Warner had an average gender pay gap of just under 38 per cent – a slight rise on the previous [...]
Hunt unveils measures to ensure customers get fair pricing June 28, 2023 Chancellor Jeremy Hunt has drafted an action plan with authorities to ensure customers are being facing fair prices during the cost of living crisis. Hunt sat down with the Competition and Markets Authority (CMA), and the regulators for the energy, water and communications sectors, early on Wednesday 28 June at 11 Downing Street. He was [...]
‘Get the companies under control!’: Microsoft president tells UK to get AI safety in order June 28, 2023 Microsoft president Brad Smith has reiterated that the UK needs to prioritise AI safety in its quest to become a global leader in new technologies. “Let’s get the companies under control”, Smith said, speaking at a packed Chatham House event on Wednesday afternoon, where he argued that a licensing regime is necessary on both a [...]
RICS regulatory board quits en masse amid ongoing dispute with the government June 28, 2023 The building sector has been left in a state of confusion after all of the nine-member regulatory board of the Royal Institution of Chartered Surveyors (RICS) suddenly resigned en masse late yesterday. The RICS Standards and Regulation Board is responsible for reviewing and investigating surveyors who aren’t following industry standards, and it has been one [...]
FTSE 100 close: Tumbling pound boosts London index as Ocado slides June 28, 2023 London’s FTSE 100 sprang higher today, aided by the pound clocking a dreadful day. The capital’s premier index jumped 0.52 per cent to 7,500.50 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, leapt 1.98 per cent to 18,412.81 points. Early advances in the City [...]
London’s wealthy put homes up for renting as mortgage rate rises bite June 28, 2023 London’s wealthy are placing their homes up for rent as they struggle to reach their ideal asking price on pads across upmarket boroughs such as Chelsea and Mayfair. Following the Bank of England’s decision to hike interest rates by 0.5 per cent, figures from estate agent Knight Frank show affluent sellers in some of London’s [...]
Lord Holmes: ‘The Law Commission recommendations are a positive, proportionate approach to crypto, but now the Government must act!’ June 28, 2023 Lord Holmes says the government must act while the UK has a real chance to put opportunity into action and turn London into a crypto hub.
Daniel Korski QUITS Tory London mayoral race June 28, 2023 Tory London mayoral hopeful Daniel Korski has dropped out of the race to take on Sadiq Khan for City Hall following an allegation of historic sexual assault. Korski, who has seen support drain away after TV producer Daisy Goodwin accused him of groping her breast during a meeting in No10 a decade ago, announced the [...]
