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 [...]
Demand for workspace rapid Covid tests jumps as offices prepare to reopen March 1, 2021 Diagnostics company Excalibur Healthcare, which provide fast-acting lateral flow tests, said demand had increased for its test and it had seen a surge in calls from companies wanting to implement workplace testing regimes.
City Corporation approves third tower in a month as developers back Square Mile’s future February 24, 2021 The City of London Corporation has today (24 February) approved a new 38-storey development at 2 Finsbury Avenue, making it the third tall building to receive planning permission in the Square Mile in 2021. The newly approved office-led development, by British Land and GIC, aims to become an innovative, inclusive and sustainable place to work, [...]
Third City of London skyscraper development gets planning green light February 24, 2021 Another skyscraper development has been given the go-ahead in the City of London, making it the third tall building scheme to get the green light this year. The City Corporation today granted developers British Land and GIC planning permission to build the 38-storey office block at 2 Finsbury Avenue. This year, 33-storey and 55-storey skyscraper [...]
Post-Covid offices will become cultural hubs and even art galleries to tempt staff back to the office February 24, 2021 “Ditch the desks and ditch the boardroom! Tell your people to bring their trunks and they will love working for you.” So said Robert Dowling, CEO of Deanlow Consulting in Ontario in 2016, after revealing that his employees spent their days paddling around a company swimming pool with laptops to promote creative thinking. We’re five [...]
Remote working will come at a cost, FTSE and S&P 500 hiring execs warn February 18, 2021 Remote working will come at a cost, FTSE and S&P 500 hiring execs warn