12 Hay Hill in Mayfair shows shared workspaces are going upmarket to capture the professional crowd September 3, 2018 Coworking spaces seem to be taking over the city. Right now, the largest private-sector occupier of office space in central London isn’t a tech firm or major bank. It’s WeWork, a leading provider of shared workspaces. And coworking is big business: WeWork was valued at £27bn in June, making it the world’s second most valuable [...]
Persimmon produce stable 1H numbers August 23, 2018 Persimmon shares are higher this week after the company registered a strong set of first-half results on Tuesday. Revenue jumped by 5% and pre-tax profit rose by 13%. The average selling price of a new home rose by 1%, which is a slight decrease on the 1.2% growth achieved in the first-quarter. The underlying new housing [...]
Government takes over control of Birmingham prison from G4S August 20, 2018 Security firm G4S has been stripped of its contract to run a major prison after an inspection found conditions at the facility had slipped into a "state of crisis". The Ministry of Justice said it will take on the running of HMP Birmingham for a six-month period after an inspection found "squalid" conditions at the prison, as blood, urine [...]
Capital gains: London shrugs off Brexit blues with jobs boom August 8, 2018 London's economy has remained buoyant, with first quarter job numbers reaching an all-time high, a major new report has found. Job numbers in the capital reached 5.9m at the end of June, up 1.9 per cent on last year and the highest since records began. It compares favourably to the rest of the UK, where the [...]
Centre for London: Capital maintains buoyant economy despite Brexit – but housing crisis and quality of life are causing a brain drain | City A.M. August 8, 2018 London’s economy has remained buoyant, with first quarter job numbers reaching an all-time high, a major new report has found. Job numbers in the capital reached 5.9m at the end of June, up 1.9 per cent on last year and the highest since records began. It compares favourably to the rest of the UK, where [...]
Eight retirement planning traps and how to avoid them July 26, 2018 1. Not reviewing your pensions It is important to review your pension situation regularly. If you find you have a shortfall, you may still be able to take steps to increase the chances that your pension pot will be able to achieve the income you want when you retire. The Money Advice Service has a [...]
Harnessing the power of blockchain and AI to help lift millions of people out of poverty July 24, 2018 Blockchain conjures images of bitcoin millionaires and ICOs creating multi-million dollar businesses in hours. But how does that help the millions of people in the UK who live in poverty, or the 1.5m who don’t have access to mainstream banking? You’ve probably heard about the cost of living crisis a lot recently. So you should. [...]
Your financial wellbeing is more than just the money in your bank account and the number on your paycheque July 18, 2018 How healthy are you? The answer might make you cringe, but chances are you’ve probably got an answer. “Relatively fit” or “could do with losing a few pounds” will probably sound familiar. But what if you were asked how financially well you are instead? You might be earning a good salary, but still find yourself [...]
The Bank of England’s transatlantic flight bill is a mere drop in the ocean June 27, 2018 Eyebrows were raised more than a couple of times during yesterday’s lively grilling of Bank of England officials in Westminster. At one stage Conservative MP Charlie Elphicke quoted an old article from this publication and, contrasting its expectations with the Monetary Policy Committee’s own guidance on interest rates, observed: “It seems that City A.M. is [...]
Doctor’s orders: how tech can help the NHS June 21, 2018 THE PRIME Minister’s recent pledge to increase the National Health Service budget by £20bn a year may have been an attempt to win over voters and distract the public from cabinet rows, Tory rebels, and near constant complaints about her handling of Brexit. Instead, the announcement drew fresh criticism about how the proposed funding increase, [...]