New York, London and LA top list of most resilient cities while Scandinavia dominates ESG rating New figures The most resilient cities in the world have been named as New York, London and Los Angeles, with Scandinavia dominating environmental and social governance. New figures from Savills highlighted how new population centres such as Berlin and Atlanta broke into the top 20 for the first time, but traditionally strong metropolises weathered the pandemic the [...]
Death of the office? Don’t tell City businesses as leases shoot up in the first quarter OFFICE RETURN London’s office market looks fitter and healthier than ever before, according to the two of the UK’s largest property firms, despite the lures of working from home. Take up of office leases in central London shot up 89 per cent year-on-year in the first quarter, CBRE data shared exclusively with City A.M. revealed. City firms [...]
EasyJet, Asos and Savills among worst companies for gender pay gap Gender pay gap Easyjet, Asos and Savills are some of the worst UK companies when it comes to gender pay gap, even though differences have narrowed for the second consecutive year. According to an analysis by the Times, while the overall median pay gap went down from 10 to 9.8 per cent on last year’s levels, women at [...]
City Moves: Who’s switching jobs in the Square Mile this week? March 1, 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. Savills Savills has appointed an associate lecturer at University College London as new associate in its London planning team. Joining with seven years’ experience from across the UK and Canada, Prashanna Vivekananda will focus on both life [...]
Big-money London property sees bumper 2021 October 11, 2021 Some 352 £5m-plus transactions have completed this year already, more than in the entire years of 2020 and 2019. That includes 94 homes selling for more than £10m. Nearly half of all sales were in Chelsea, Kensington, Belgravia, Notting Hill and St. John’s Wood. Savills, which compiled the data, said the market had predominantly been [...]
Renters return to London with a vengeance as City workers want to walk to work September 27, 2021 London prices have recorded the strongest quarter of growth in over a decade as the capital’s prime rental market now leads the recovery. A return of office workers and employees relocating for work meant prices were up 2.9 per cent in the third quarter, the strongest quarter of growth since March 2011, according to Savills. [...]
Savills profits swell eight-fold, reaping rewards of a UK house buying frenzy August 5, 2021 Real estate services group Savills has seen its profit before tax surge more than eight-fold in the past six months, as the firm posted record levels of UK residential transaction advisory. The firm raked in revenue of £932.6m in the six months to 30 June, up by some £141.2m in comparison to last year. Meanwhile, [...]
Savills suspends manager over racist tweet as social media firms enter hot water July 14, 2021 Estate agent Savills has suspended a manager after he posted a racist tweet after England’s Euro final defeat on Sunday. The investigation is now being spearheaded by the Greater Manchester Police, as the manager claimed his Twitter account was hacked. People took to Twitter to share the employee’s LinkedIn page which showed where he worked [...]
Savills to pay dividend as UK residential unit makes ‘extraordinary’ recovery March 11, 2021 Savills has reinstated its dividend this morning as it reported that its UK residential agency division performed strongly last year, despite an overall drop in profit. The estate agent chain, which last year suspended its dividend due to the uncertainty caused by the coronavirus pandemic, said shareholders will pocket a 17p per share payout. Profit [...]
City Moves for 27 January: Who is switching jobs in the Square Mile this week? January 27, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Lombard Odier IM bolsters institutional sales team Lombard Odier Investment Managers (LOIM) has bolstered its UK and Ireland institutional sales team with two new hires. Chris Vogtherr and Claudia Ziebart joined the investment [...]