Deutsche Bank asks 20 per cent of staff to return to London office September 7, 2020 Deutsche Bank is the latest City firm to ask employees to return to the office, as it invites some of its London-based staff back to its headquarters. The German bank has asked around 20 per cent of its employees to come back to its Great Winchester Street headquarters this week, according to Financial News. This [...]
‘No time for a show of virility’: Sadiq Khan on getting London moving again September 7, 2020 One of the largest criticisms of Sadiq Khan over his first mayoral term has been that he is more concerned about his personal PR and with making political gestures than with his job of running the nation’s capital. The mayor of London has been beset by attacks that he has increased spending on City Hall [...]
Central London footfall jumps as office workers start to return September 7, 2020 Retail footfall in central London jumped last week as workers began returning to the office, in a sign of hope for struggling businesses in the capital, the latest research showed. Footfall increased 4.1 per cent across inner London high streets compared to the previous week as firms began to welcome employees back to the office. [...]
Adobe rival Figma sets up international base in London September 7, 2020 Silicon Valley software starlet Figma has selected London as the site of its new international headquarters, opting to go ahead with the move despite the increase in remote working. London will be Figma’s new base for the Europe, Middle East and Africa (EMEA) region, currently playing host to a staff of 14 working from home. [...]
Exclusive: Central London will not be busy any time soon, says Sadiq Khan September 6, 2020 Sadiq Khan has admitted central London will not be “anywhere near” pre-Covid levels for months to come as he prepares to survey businesses about their back to office plans. The London mayor told City A.M. in an exclusive interview – released tomorrow in full – that office and public transport social distancing rules meant central [...]
Home working could cost UK economy £15bn a year, PwC warns September 6, 2020 Home working could cost the UK economy up to £15.3bn a year due to the knock-on effect on office cleaners and security guards as well as nearby cafes and coffee shops. The latest research by accountancy firm PwC showed that the one per cent drop in GDP would be caused by a cut in spending [...]
Pret a Manger boss says shift to home working will become permanent September 4, 2020 The boss of sandwich chain Pret a Manger said the shift towards home working during the coronavirus pandemic will become permanent. Pano Christou, who was appointed chief executive in September last year, said workers will come into the office less often than they did before the Covid-19 crisis. Christou said Pret needs to adapt to [...]
More retail job losses forecast unless office workers return, industry warns September 4, 2020 More store closures and retail job losses are expected unless office workers return and consumers are encouraged to visit city centres, a retail industry body warned this morning. Despite an uptick in footfall in the final week of the month due to back to school shopping and the final days of the Eat Out to [...]
Government needs clearer ‘back to work’ message, says senior Tory MP September 3, 2020 The government has to give clearer and more consistent advice on people going back to their workplaces, according to a prominent Tory backbencher. Sir Graham Brady, who is chair of the 1922 Committee of Conservative backbenchers, said the message coming from ministers was unclear and that people needed “common sense advice”. The government was due [...]
Commuter numbers rise to highest level since end of lockdown September 3, 2020 The number of people travelling to work rose to its highest level since the end of lockdown, new data from the Office of National Statistics (ONS) showed today, as the government seeks to encourage workers back to the office. According to the ONS, the proportion of working adults who travelled to their place of work [...]