Back to the office helps City of London’s tallest tower to full capacity January 20, 2025 The City’s tallest tower, 22 Bishopsgate, has been fully let after four years as the financial district continues to prove its ability to command premiums for best-in-class sustainable spaces. There’s little sign of the gloom pervading other areas of the commercial office sector in the City, with rents at 22 Bishopsgate the highest ever achieved [...]
Crypto rises: Bitcoin soars as Donald Trump returns to the White House January 20, 2025 Bitcoin hit record highs on Monday, as President-elect Donald Trump, and soon-to-be First Lady-again Melania Trump launched their meme coins, days ahead of the inauguration. The cryptocurrency leader reached above $108,000(£88,668) for the first time ever on Monday morning, ahead of Trump’s official return to office. Susannah Streeter, head of money and markets at Hargreaves [...]
Royal supplier Bidfood ‘the new P&O’ as unions claim thousands face being fired January 20, 2025 Bidfood, which delivers food for the likes of Manchester United, Five Guys and Subway, has been compared to P&O ferries after two unions claimed thousands of workers could be fired and rehired on ‘worse terms and conditions’. The GMB and Unite unions have said the company, which also delivers food for the army, prisons and [...]
Fifa boss Infantino on Trump: ‘We will make entire world great again’ January 20, 2025 Fifa chief Gianni Infantino has hailed his “great friendship” with US president-elect Donald Trump and vowed that they will “make the entire world great again”. Infantino has forged close connections with Trump and the US, which will host the first edition of the expanded Club World Cup this summer and co-host the men’s World Cup [...]
How City of London investors are bracing for Donald Trump 2.0 January 20, 2025 City investors are bracing for four more years of unpredictability on the global markets as Donald Trump returns to the White House as president. After banging the drum for punitive trade tariffs and US protectionism in recent months, Trump’s second term is expected to inflict more turmoil on global markets than outgoing president Joe Biden. [...]
FCA chair: Our growth push will test UK’s risk appetite January 20, 2025 The Financial Conduct Authority’s (FCA) push to slash red tape and unleash growth in the City will test the UK’s appetite for risk, its chair has warned, accepting that two of its new proposals could open the door to more fraud and mortgage defaults. Writing in City AM today, Ashley Alder said the FCA will [...]
UK economy: Only three sectors report growth as Reeves’ woes deepen January 20, 2025 The number of sectors seeing higher output in December was at its lowest level since September 2023.
‘It’s caused uproar’: Inside the fallout from WPP’s four-day office week mandate January 20, 2025 Earlier this month, WPP’s Mark Read sent an all-staff memo ordering employees back into the office for four days a week. With staff fearing an exodus of talent and a petition calling on the policy to be revoked, reaching nearly 20,000 signatures, Ali Lyon tells the inside story of a firm known for its brand [...]
Former Asda and M&S boss Lord Rose: WFH is ‘not doing proper work’ January 20, 2025 The increase in home work has created a generation who are “not doing proper work,” according to the former boss of Asda and Marks & Spencer. Speaking to BBC Panorama, Lord Rose said more working from home was a part of the UK economy’s “general decline” and that productivity was suffering as a result. “We [...]
UK consulting sector to grow for next two years as AI’s impact expands January 20, 2025 The British consulting sector is expected to grow by single-digit growth in the next 12 months, with a near 9 per cent increase predicted for 2026 with eyes on AI