Workspace cheers London boom June 12, 2012 Workspace Group, the London-based firm that provides office space to start ups, reported better-than-expected results as its focus on the capital paid off. Net asset value per share, a key industry measure, rose eight per cent to £3.08. Workspace’s trading profit rose 13 per cent to £16m.
Everyone is building an app – but it’s not that easy to be like Facebook May 3, 2012 YOU know there’s a stock market bubble when the shoeshine boy starts giving you stock tips. In the same way, I can’t help but think there’s plenty of froth in digital right now, because everyone I know is building an app. As Facebook heads for its IPO on 18 May, which could value the company [...]
Boris Johnson wants to take over Tech City April 12, 2012 BORIS Johnson will this morning launch a bid to take direct control of Tech City Investment Organisation, the development body responsible for promoting high-tech investment in East London, City A.M. can reveal. The mayor will also seek the construction of a new science institute in the Olympic Park and seek to include a proposed cell [...]
CASE STUDY REGUS – ANTHONY BROWN, GLOBAL DIRECTOR March 28, 2012 One of the biggest challenges of video conferencing is that, because of so many early launches, people can have a misconception of video conferencing as being crackly and poor quality. But video communication has now come of age, not just with the HD picture but also the sound. With stereo audio and HD video it [...]
Cameron’s anger as unions mull mass strike action during London Olympics February 29, 2012 DAVID Cameron has condemned calls from the leader of the UK’s biggest trade union for strike action during the Olympics as “completely unacceptable and unpatriotic”. Len McCluskey, head of Unite, had said workers should consider disrupting the Games as a protest against the government’s planned slowdown of public spending. McCluskey said people coming to Britain [...]
A SELECTION OF LONDON’S START-UP HUBS February 20, 2012 TECH HUB Contact: info@techhub.com / @TechHub Locations: Old Street, London and Riga (Prague is due to open in May). Membership costs: £275 (monthly) for resident membership, or £375 (annual). Both include member-only events and up-to-date member network news (and more). Description: TechHub is “not just an office space.” Instead, “it’s a community hub for the [...]
ENTREPRENEURS NEWS | IN BRIEF December 11, 2011 THE EAST END GETS AN UPGRADE San Francisco based start-up Eventbrite is coming to the east end of London – the online ticket-seller’s first international office. Eventbrite also serves as a platform on which organisers can plan events and promote them using social media. Co-founder of the company Renaud Visage says: “London will be our [...]
Melrose ups Charter offer July 14, 2011 ENGINEERING turnaround firm Melrose has increased its offer for Charter International to 840p per share, valuing the welding equipment supplier at about £1.4bn. The improved offer comes after Charter rebuffed a 780p per share approach from Melrose late last month, the board stating that the bid undervalued the company. The struggling firm, which saw the [...]
CITY MOVES | WHO’S SWITCHING JOBS July 13, 2011 Capital & Regional The property investment firm has appointed Tony Hales as a non-executive director, with effect from 1 August. Hale has been chairman of Workspace Group since 2002 and will step down from the board following the AGM in July. Hales is currently chairman of British Waterways, senior independent director of International Personal Finance, [...]
Workspace plans cut-price rights issue July 7, 2011 BUSINESS landlord Workspace Group is to raise £63m in a deeply discounted rights issue, as part of plans to accelerate investment in its portfolio of buildings. The one-for-four rights issue is being made at a price of 23p per new ordinary share, representing a 21 per cent discount to the stock’s Wednesday night close. The [...]