Softbank Vision Fund boss doubles pay despite hefty loss May 29, 2020 Softbank has more than doubled the pay of its Vision Fund boss Rajeev Misra even as the mammoth tech fund dragged the Japanese company to a record loss last year. Misra pocketed 1.6bn yen (£12m) in total compensation for the year to March, more than twice as much as he earned in the previous 12 [...]
Listed legal business DWF ousts chief executive amid covid-19 crisis May 29, 2020 Listed legal business DWF today announced it was ousting its longstanding chief executive in favour of its chair to help steer it through the coronavirus pandemic. Chief executive Andrew Leaitherland is stepping down from DWF “with immediate effect” to be replaced by chair Sir Nigel Knowles who was previously chief executive of legal giant DLA [...]
Shadow chancellor backs long-term UK coronavirus jobs programme May 28, 2020 Shadow chancellor Anneliese Dodds has pushed for the government to back a UK-wide post-coronavirus jobs programme to deal with expected high unemployment. In an interview with City A.M. Dodds said that the government needed to place a greater emphasis on “upskilling and redeployment” in its response to Covid-19 and should look to Gordon Brown’s Future [...]
UK hiring plummets as Covid-19 crisis hits low-income workers May 28, 2020 UK job vacancies crashed almost 60 per cent this month as the coronavirus pandemic sparked the country’s fastest rise in unemployment since 1947, new data has revealed. Live job vacancies have dropped from 820,000 at the beginning of April to just 373,000 in May as fears of a protracted economic downturn grow. The figures, released [...]
Theatre needs its own ‘Project Restage’ May 28, 2020 Sian Hansen is Chief Operating Officer of C|T Group and sits on the board of the Almeida Theatre in Islington There is nothing to match the communal experience of watching a live performance in a renowned venue. It drives culture and brings society together whether that be live sport, music or theatre. At this time [...]
Regus owner IWG targets £315m fundraise to drive expansion after coronavirus May 27, 2020 Office space giant IWG is aiming to raise £315m through a share offering as it eyes expansion opportunities as rival firms struggle during the coronavirus pandemic. IWG, which owns Regus, said “the current environment is presenting an increased number of attractive…opportunities to accelerate the growth and development of the business”. The office provider said sales [...]
London’s first skyscraper 55 Broadway to be converted into luxury hotel May 27, 2020 The former London Underground headquarters in St James’ Park will be converted into a luxury hotel after the development was given the green light by planning authorities. Westminster City Council has granted planning permission for Blue Orchid Hotels, part of the Integrity International Group, to transform the 55 Broadway complex into a new hotel. Transport [...]
British Land falls to £1.1bn loss as coronavirus pandemic hits rent payments May 27, 2020 British Land today said its full year results were hit by a slowdown in rent payments in March due to coronavirus and a subsequent fall in the value of its office and retail portfolio. The retail giant posted a loss of £1.1bn in the year to 31 March, with underlying profit for the year falling [...]
Office Politics: How will independent consulting change post-Covid? May 27, 2020 The coronavirus crisis has permanently changed the way we work, showing that remote working is now an increasingly viable solution. As the world learns to adapt to a post-covid working world independent consultants are well placed to support this. When the gig economy is mentioned, Uber and Deliveroo are often the first names that come [...]
Coronavirus: Minister resigns over Dominic Cummings lockdown row May 26, 2020 A government minister has resigned over senior adviser Dominic Cumming’s lockdown trips. Douglas Ross, MP for Moray, said that while he accepted Cummings’ justification for his trips, this was “not shared by the vast majority of people who have done as the government asked”. Ross, who also served as under-secretary of state for Scotland, said [...]