Winkworth confident despite profit hit as London market ‘swings back to sales’ April 8, 2021 Winkworth today said the housing market has swung back towards sales as buyers seek extra room for workspace while maintaining access to central London. The estate agent, presenting its full year trading update, reported a six per cent fall in pre-tax profit last year to £1.53m. Revenues dipped slightly to £6.41m, while the firm declared [...]
Over half of households now commuting to work again March 25, 2021 More than half of all households could now be travelling to work again, analysis of their daily energy usage shows. According to challenger energy brand Bulb, about 54 per cent of households are now commuting into work, up 13 per cent from the beginning of January. Using data from its smart meters, the company is [...]
Manpower CEO: Remote working isn’t unsustainable but it’s certainly not desirable March 24, 2021 Reports on the death of office working have been exaggerated, according to Manpower CEO Jonas Prising. However, so too has the backlash against remote working exemplified by the bosses of Barclays and Goldman Sachs (who labelled the work-from-home era an abheration). So, one year on from the Prime Minister’s orders to “work from home if [...]
Zentura launches range of Zenconnect® video conferencing Pods March 23, 2021 As remote working and video conferencing becomes more ingrained in our working lives, workspace interiors business, Zentura, has launched a family of video conferencing pods. Designed to enable high quality, professional video meetings and collaboration. Zentura founder & MD, James Hutchins said: ‘COVID 19 has changed the way we work, accelerating the already emerging trends [...]
Corona Impact Series: How a small Wandsworth womenswear boutique embraced click-and-collect March 16, 2021 In this series, City A.M. looks at the financial and economic impact of the ongoing pandemic on a range of small and medium-sized businesses across London. This week: how a small Wandsworth womenswear boutique is bouncing back from the third lockdown thanks to the world wide web. Pre-pandemic, independent stores were thriving – popping up on local high [...]
Corona Impact Series: How the pandemic accelerated this e-scooter provider’s expansion plans March 12, 2021 In this series, City A.M. looks at the financial and economic impact of the ongoing pandemic on a range of small and medium-sized businesses across London. This week: How an e-scooter startup from Slough plans to conquer the capital as it is taking advantage of favourable post-pandemic government policies. Electric scooters are increasingly a common [...]
It’s time to reform Statutory Sick Pay to create a healthy and productive workforce March 11, 2021 The Chancellor’s difficult second Budget, when it came, was hardly much of a surprise. While measures like the new “super deduction” came as welcome news for business, there was less on offer for those worried about how they would cope financially if they were suddenly unable to work. In the midst of the health emergency, the [...]
IWG swings to £650m loss but sounds optimistic note on future of offices March 9, 2021 Office space provider IWG swung to a £650.2m loss last year due to the impact of coronavirus on working habits, it announced this morning. Revenue fell from £2.65bn to £2.48bn and the company posted a loss of more than half a billion pounds, down from profit after tax of £77.3m in 2019. It reported a [...]
WeWork: Vaccine rollout must herald a phased return to offices before June March 5, 2021 Following the news the highly effective coronavirus vaccines would begin to be rolled out in Britain, the stock market surged on a wave of optimism and the hope a return to normal, and by extension, the workplace, was within our grasp. Alongside the roadmap out of lockdown, we can now see a light at the [...]
Shadow Chancellor: For UK to succeed, London has to succeed March 5, 2021 More than 300,000 Londoners have lost their jobs since the pandemic began, and some of the sectors that most define our country’s capital – our theatres, galleries, restaurants, bars, hotels, museums and shops – have been particularly badly hit. The city missed out on £11 billion of tourist spending last year. We need a relentless [...]