Exclusive: Co-working firm Second Home launches sale process amid battle for rescue cash June 6, 2022 Shared office firm Second Home has started scouting for a buyer in parallel with efforts to secure rescue cash, CityA.M. understands. The workspace provider has launched a sale process after administrators from FRP Advisory were called in to help fend off insolvency. Headed by a former aide to ex-Prime Minister David Cameron, Rohan Silva, Second [...]
Self-care: Quarter of office workers mull resignations in coming year June 6, 2022 Almost half of office workers do not think their firm is a good place to work, with many considering resigning in the coming year, fresh statistics have revealed. Some 24 per cent of workers are considering quitting their job in the months ahead, according to real estate consultancy JLL, which surveyed more than 4,000 office [...]
FTSE 100 boosted as oil majors and miners buoyed by rising crude prices June 6, 2022 London’s FTSE 100 opened higher on Monday as gains for miners and oil majors buoyed the index. The capital’s premier index was up one per cent after an extended weekend due to Platinum Jubilee celebrations. The mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, opened 1.2 per [...]
London Metal Exchange sued by US fund manager over nickel freeze June 6, 2022 The London Metal Exchange (LME) is being sued for a sum worth £365m by a Wall Street hedge fund after the cancellation of nickel trading earlier this year. Fund manager Elliott Associates has filed a claim in the English High Court against the platform and its subsidiary LME Clear. The trading platform suspended nickel trading [...]
Brits hit the shops: High street buoyed by Jubilee crowds June 6, 2022 The UK saw a football boost of 6.9 per cent over the long weekend, as Brits flocked to high streets to celebrate the Platinum Jubilee. Retail destinations across the country saw an uplift in crowds over the weekend, compared to the average for May 2022, according to BRC-Sensormatic IQ data. Thursday, the first bank holiday [...]
Eve Sleep hunting for new owner as mattress giant is in need of fresh cash June 6, 2022 Online mattress seller Eve Sleep said this morning it is hunting for a new owner after telling shareholders it needs new investment to expand. The company said it is looking for a new owner or at least a major investor to help fund the push into the “wider sleep wellness space”. Eve had been speaking [...]
City veteran John Allan prepares to step down as Barratt chair June 4, 2022 Titan housebuilder Barratt is planning to begin a search for a new chairman, with City grandee John Allan to step down. According to reports by Sky News, Allan, who also chairs the country’s largest supermarket, Tesco, is readying to hand over the reins of the construction giant. Barratt has reportedly asked headhunters at Russell Reynolds [...]
Mariah Carey sued for copyright in $20m ‘All I Want for Christmas Is You’ lawsuit June 4, 2022 Pop singer Mariah Carey is to be sued for a sum worth £16m for allegations of copyright infringement over her smash hit All I Want for Christmas Is You. Songwriter Andy Stone has launched a lawsuit, naming Carey and her co-writer Walter Walter Afanasief, almost thirty years after the festive song was released. Stone claims [...]
Alexander Litvinenko: Russian man accused of posioning former spy dies from Covid June 4, 2022 One of the two Russian men accused of poisoning former spy Alexander Litvinenko has reportedly died of Covid. Dmitry Kovtun, who was accused by Britain of assassinating the Kremlin critic in 2006, has passed away at a Moscow hospital, according to reports from the TASS news agency. British citizen Litvinenko had died a number of [...]
Ministers mull changes to Universal Credit job coach meetings requirement amid labour crunch June 4, 2022 Benefits claimants will be forced to work longer hours to be able to miss meetings with job coaches, under new plans. As reported by The Times, ministers are drawing up plans to extend the amount of time people must spend working each week from nine hours to twelve, to avoid check-ins. The government is eyeing [...]
