Derwent London hikes dividend as landlord expects resilient office demand August 11, 2020 Property firm Derwent London this morning said it expects demand for office space to be resilient despite the coronavirus pandemic, saying there is “no substitute” for face-to-face collaboration. The landlord hiked its dividend for the first half of the year as it said it is confident about the future of the role of the office, [...]
Top City restaurateur explores outdoor seating in post-lockdown Square Mile August 10, 2020 A top London restaurateur is preparing to launch an outdoor seating area at his venue Bank in a bid to encourage consumers to visit the Square Mile restaurant following the UK’s coronavirus lockdown. The outdoor seating plans at 1 Lombard Street, which restaurant boss Soren Jessen is preparing to submit to the City of London [...]
London restaurants urge Sadiq Khan to drop congestion charge August 10, 2020 London’s restaurants and bars have called on Sadiq Khan to drop the congestion charge and encourage public transport use to boost visitor numbers following months of coronavirus lockdown. In a letter signed by top chefs and restaurateurs, including St John’s co-founder Trevor Gulliver, Angela Hartnett and D&D London’s David Loewi, the industry has urged Khan [...]
L&G boss: We must ‘break down’ the fear of using public transport August 10, 2020 Legal & General chief executive Nigel Wilson said it is vital to “break down” the fear of using public transport to get workers back to the office. Wilson told City A.M.’s The City View podcast that public confidence in the safety of cities and public transport networks needs to be restored to get workers back [...]
Sadiq Khan: Saving London’s shops and cafes is ‘urgent priority’ August 10, 2020 Mayor of London Sadiq Khan has said keeping London’s hospitality businesses and venues open should be an “urgent priority” during the pandemic, or the city risks a downturn it may not recover from. Speaking to City A.M., Khan responded to calls from hospitality businesses to lobby for more support as London gets back on its [...]
Canary Wharf is ‘open for business’ as firms head back to the office August 10, 2020 As City firms prepare their return to the office, the chief executive of Canary Wharf Group has declared the development is open for business. Shobi Khan told City A.M. that everything is in place for a return to office life at Canary Wharf, which is home to some of the world’s leading firms. Companies had [...]
The City View: Nigel Wilson on why it’s essential to get people back into offices August 10, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS In this episode Christian is joined by Nigel Wilson, chief executive of Legal and General, a City institution with more than £1 trillion of assets under management. Nigel talks about L&G’s long-term view and how its investments could shape our recovery and future economic growth, but he also reflects [...]
London calling: Why it’s time to bring life back to our city’s streets August 10, 2020 Despite a tentative easing of the national lockdown, the lingering economic and social consequences of this policy are frighteningly obvious to anyone venturing into central London. While social life and economic activity has, to a large extent, returned to the outer zones and suburbs, the offices and shops of London’s professional districts remain eerily and [...]
The return to work: Here’s when City firms are going back to the office August 7, 2020 Prime Minister Boris Johnson on Thursday said a strong recovery for the UK economy will require people to have the confidence to return to work at the office. The government is worried that hospitality businesses are being hit hard by people working from home. But London firms have adopted a more cautious approach than the [...]
People must have the confidence to return to work, says PM August 6, 2020 An economic recovery will require people to have the confidence to get back to the office, the Prime Minister has said in his latest attempt to push the UK to return to work. During a visit to a housing development in Warrington this afternoon, Boris Johnson told reporters there were “real signs of strength in [...]