London office investment slumps to 14-year low July 24, 2023 London office investment slumped to a 14-year low in the second quarter of the year, new data shows, as high interest rates stifled momentum built up in the early months of the year. Some £1.2bn was spent on London offices last quarter, a 59 per cent drop on the £2.9bn spent in the previous quarter [...]
London workers brave rail strikes and head back to office – but are ‘exception to the rule’ of WFH trend July 21, 2023 Strikes are failing to deter London workers from heading back into the office, with the capital one of only three UK cities to see growth in commuter numbers over the last quarter. As the summer months kicked in, the number of Londoners heading into the office fell significantly across the board, data from Virgin Media’s [...]
Workers in the UK spend less time in the office than any other country July 20, 2023 A new report shows that workers in the UK spend the least amount of time in the office each week compared to workers from other countries. In fact, we spend significantly less time in the office when compared to the global average, with 34% of Brits spending four days or more in the workplace compared [...]
Andy Silvester on market optimism, US wages and a real-life summer thriller July 20, 2023 Bulls are not regularly seen on the streets of the Square Mile, especially recently. It has been all too easy on my recent travels to find people casting their eyes downward when asked about the City’s prospects, as if the irritatingly grey July skies are dimming optimism before the summer holidays. What’s interesting is that [...]
Survey reveals extent of remote working loneliness July 16, 2023 Ever since the pandemic the conversation has rattled on about the benefits and setbacks of remote working. Increased flexibility, it turns out, has a downside: loneliness. A new survey by Promoleaf has revealed that more than a third of female remote workers (39 per cent) feel lonely working from home, and a much higher rate [...]
World Mobile secures licensed spectrum in the USA July 14, 2023 Decentralised communication specialist World Mobile has secured a license in the US to help 24 million Americans without internet access.
How London’s new stock exchange hopes to solve the IPO ‘cliff edge’ July 13, 2023 There are few more nervy moments in the life of an entrepreneur than standing atop the balcony of the London Stock Exchange, ringing the figurative bell and handing their pride and joy over to the whims of the public market.
Renault and Aston Martin backer Geely to launch UK firm injecting £6bn and creating 19,000 jobs July 12, 2023 Renault and Aston Martin backer Geely have announced the launch of a new UK-based powertrain technology company, to manufacture low-emission hybrid and internal combustion engines. An investment of up to £6bn will injected into the new outfit, which will employ 19,000 workers. The two automakers said the new group would operate 17 engine plants and [...]
Interview: Businesses need to get their ‘pound of flesh’ from home workers, says Addison Lee chief July 12, 2023 “We are a real barometer for the London economy,” Liam Griffin, the boss of Addison Lee, says as we chat in the firms’ Paddington offices. The private hire taxi firm has been a stalwart of London for nearly 45 years now, ferrying customers through the boom of the early 2000s, the financial crash of 2008 [...]
Tech titans? Musk and Zuckerberg’s feud is an ultra-public toddler tantrum July 12, 2023 From threats for a real life fight to launching rival to Twitter, the bizarre blood feud between Mark Zuckerberg and Elon Musk shows how far our entrepreneurs have fallen, writes Josh Williams.