Workspace: Lettings strong but occupancy declines with clients vacating October 15, 2024 Leading provider of flexible office spaces Workspace reported strong lettings in the latest quarter, but saw some of its bigger clients quit as occupancy declined. The firm said it completed 296 lettings in the second quarter of 2024, generating £7.4m in annual rental income. The London-based firm’s like-for-like occupancy rate however dipped by 0.7 per [...]
Bibby Stockholm: Profit rises for asylum seeker barge ahead of closure October 15, 2024 The Bibby Stockholm barge, which houses asylum seekers off the coast of Dorset, continued to turn a profit in 2023, it has been revealed. The three-storey vessel has posted a pre-tax profit of £167,035 for the 12 months, down from the £421,701 it reported for 2022. Newly-filed accounts with Companies House also show its turnover [...]
Robert Walters blames Budget uncertainty for slump in UK fees October 15, 2024 Recruiter Robert Walters has posted a slump in net fee income as economic and political uncertainty dragged on hiring in the UK and Europe.
Wage growth eases again in boost for rate cut hopes October 15, 2024 Strong wage growth has been a concern for policymakers at the Bank of England due to fears that it could keep cost pressures elevated, particularly in the labour-intensive services sector.
The ‘office influencer’ product that brought our wellness brand to new Heights October 15, 2024 How many old bottles of supplements do you have rotting away in your medicine cabinet?
Is reckless Reeves about to open the door to the next financial crisis? October 15, 2024 Rachel Reeves’ plan to change the fiscal rules to redefine debt reveal a Chancellor dangerously out of her depth, says Andrew Griffith A flurry of briefings suggest that the Chancellor is rolling the pitch to change the fiscal rules or the definitions of debt within them. These are the same thing: the ‘golden rule’ of [...]
Government hails £6.3bn ‘vote of confidence’ in UK data centres October 14, 2024 Keir Starmer’s government hailed billions of pounds of investment into UK data centres as a “vote of confidence in Britain” today, as ministers announced scores of deals during the flagship International Investment Summit. US firms Cyrusone, Cloud HQ, Coreweave and Servicenow revealed plans to inject a combined £6.3bn in funding into the UK’s data centre [...]
The UK is an economic powerhouse – and we should know October 14, 2024 Brits should be less British about boasting about the strengths of our economy and our enduring spirit of entrepreneurialism, creativity and innovation, says Saker Nusseibeh It is a common characteristic of our national discourse to err towards the negative. An inclination to see, but not celebrate, what this country already does so well. Perhaps it [...]
Channel 4 tunes in to Gary Neville’s Manchester landmark October 14, 2024 Channel 4 is to open a major new office in Manchester city centre in the £400m landmark being constructed by Gary Neville‘s firm. The channel has signed up to take 12,293 sq ft of space at No.1 St Michael’s, the £150m element of the development. Led by Neville’s Relentless Developments, the scheme also includes a [...]
Servicenow pledges £1.2bn investment into UK business at summit October 14, 2024 American software firm Servicenow has committed to investing $1.5bn (£1.15bn) into its UK business over the next five years, the New York-listed company announced today at the international investment summit. Servicenow, a platform that automates and manages business processes, such as customer service and HR, also plans to expand with new office space and grow [...]