Square Foot Mile: Corporate office space deals surged by 25 per cent in 2022 December 23, 2022 Big corporate deals for London HQs has caused office leasing volumes to surge by almost 25 per cent. The post-pandemic return to the office is in full swing, with central London take-up rising by 24 per cent this year. Of the increase, demand for high-quality space in the capital has skyrocketed with 60 per cent [...]
London flexible office occupancy rates recover to pre-pandemic levels December 22, 2022 Flexible office spaces in central London have seen their occupancy rates recover to pre-pandemic levels, new data shows. A majority (86 per cent) of the world’s top 30 flexible workspace providers have seen now seen occupancy rates in their central London offices surpass levels of 60 per cent, a survey by Knight Frank shows. A [...]
Filly your boots: The big horse racing moments of the year December 21, 2022 The year has been full of brilliant horse racing, sprinting and controversy. City A.M. take a look at the key runners, riders and winners of the calendar year. Jumps at home With recent news that the glorious Cheltenham Festival will remain a four-day event, it’s worth starting in the Regency Town. The Friday is known [...]
Best of 2022: How Games Workshop founder Ian Livingstone created a £3bn giant December 19, 2022 In a leafy enclave of West London, Ian Livingstone is balanced precariously upon a chair in his study, grasping for a top-shelf box filled with incredibly rare figurines. The legs of the chair creak in protest, and there is a moment when I fear I may be responsible for the untimely death of the man [...]
Premier League: Bournemouth is latest club to be bought out by a US businessman December 13, 2022 Premier League strugglers Bournemouth have been bought out by a US-led consortium including actor Michael B Jordan. Owner Maxim Demin has sold his 100 per cent stake in the firm to Black Knight Football Club (BNFC), managed by American businessman Bill Foley. The bid also has a number of high profile backers, including award-winning actor, [...]
Travers Smith calls juniors into the office for four days a week December 8, 2022 Travers Smith has become the latest City law firm to call lawyers back into the office after telling staff to spend 60 per cent of their time at work. The law firm’s new “agile working” policy calls on Travers Smith’s lawyers to come into the office for six days across every two working weeks. [...]
Labour MP Conor McGinn suspended after internal complaint December 8, 2022 Labour has suspended MP Conor McGinn from the party pending investigation. It is understood the St Helens North MP was suspended after a complaint was lodged through the party’s independent process. According to the Guardian, McGinn said the claims were “entirely unfounded”. It has been confirmed he’s been administratively suspended as a member of the [...]
Tories suspend whip from MP Julian Knight ‘following complaint to Met Police’ December 7, 2022 The Conservatives have suspended the whip of MP Julian Knight following a complaint to the Met Police. A spokesperson for the Government Chief Whip said: “Following a complaint made to the Metropolitan Police this evening, we have removed the Whip from Julian Knight MP with immediate effect.” He is the the MP for Solihull and chair [...]
Legal sector talent war drives boom in London office market December 5, 2022 Britain’s top law firms are driving a surge in demand for City office buildings in their efforts to win over talent and meet their ESG goals. Law firms have taken up a record 1.5m square foot of office space in 2022, following a series of big deals involving Britain’s top firms, data from Knight Frank [...]
City Moves: Who’s switching jobs in the Square Mile this week? December 2, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Heathrow Express Heathrow Express has appointed a new director and business lead, who rejoins after a three-year hiatus. Daniel Edwards previously led the Heathrow VIP commercial team before becoming head of retail categories. Edwards, who launched its [...]