Workspace profits jump as demand for flexible offices grows November 21, 2023 Workspace completed 583 lettings during the half year, with occupancy levels remaining largely unchanged at at 88.7 per cent.
Capita prepares to cut 900 jobs to bring down costs November 21, 2023 Outsourcing firm Capita has kicked off a programme that is set to make approximately 900 roles at risk of redundancy as the company tries to cost save. The company’s aim is to double its operating margin to six per cent but in order to do this it needs to cost save £40m per annum on [...]
UK borrows more than expected ahead of Autumn Statement as tax cuts mooted November 21, 2023 The government borrowed more than expected in October, providing a “timely reminder” about the state of the UK’s fiscal position ahead of the Autumn Statement. According to figures from the Office for National Statistics, the government borrowed £14.9bn in October, £1.2bn more than had been pencilled in by the Office for Budget Responsibility (OBR). This [...]
Wage growth nudges higher — what does this mean for the Bank’s war on inflation? November 21, 2023 Pay awards have picked up again in the last three months thanks to higher pay packets from the public sector, complicating the path to potential interest rate cuts.
Keir Starmer makes his play for the ‘powerhouse’ City of London November 20, 2023 Keir Starmer, in his most pro-City and pro-business intervention yet, has promised to work with City chiefs in an exclusive interview
M&S given go ahead to take Gove to court over Marble Arch store revamp November 20, 2023 M&S has been given the green light to challenge Micheal Gove over his decision to reject the store's plans to revamp its flagship shop in Marble Arch.
With Altman moving to Microsoft, what’s next for OpenAI? November 20, 2023 Drama levels at OpenAI are through the roof after a rapid succession of firing, hiring and resigning. Where does it leave the company?
Khan gives thumbs-down to MSG Sphere venue in east London November 20, 2023 Plans to build a giant sphere-shaped music venue in Stratford have been dealt a blow after Mayor of London Sadiq Khan rejected the proposals today.
HSBC, Santander and Blackrock among firms advising Labour on private investment November 20, 2023 City firms HSBC, Santander and Blackrock are among those advising the Labour Party on private sector investment following the launch of a new infrastructure council.
Post Office spent £24m on legal disclosure advice as inquiry is held up by failures November 20, 2023 The Post Office has spent nearly £25m over the last year on external legal advice for disclosure, as the inquiry is held up with failures.