As UK firms opt to remain remote, the future of flagship office projects in the City and beyond could be under threat
As England prepares to return to pubs, restaurants and cinemas next week, vast numbers of offices around the country will remain empty. And some companies are happy for it to stay that way – which poses a serious problem for multimillion pound skyscraper projects under way in the capital.London-based Bishopsgate Financial Consulting is one of a growing number of firms that
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-
Why the home-working boom could tumble London's skyscrapers
via theguardian.com -
Labour must not cave in to pressure over zero-hours contracts | Letters
via theguardian.comReaders respond to the party’s watered-down plan to appease businessesIt is disheartening to read that not only is Labour planning to further dilute its employee rights package but that it is doing so to appease businesses (Labour’s ‘new deal for workers’ will not fully ban zero-hours contracts, 1 May). Your article appeared online on May Day. You don’t have to wrap yourself in the red flag and sing The Internationale to recognise that having a motivated, educa -
Everton shareholders demand end to ‘farce’ of 777 takeover
via theguardian.comMiami-based company accused of fraud amounting to £279m‘We demand a decision now,’ Premier League is toldEverton shareholders have urged the club’s owner, Farhad Moshiri, and the Premier League to end the “farce” of a proposed takeover by 777 Partners after the troubled company was accused of fraud worth hundreds of millions of dollars.The investment company 777, co-founded by Josh Wander and Steven Pasko, agreed a deal to buy Moshiri’s 94.1% stake in Ev -
P&O Ferries boss asked if he is ‘modern-day pirate’ for paying staff £4.87 an hour
via theguardian.comPeter Hebblethwaite appears in front of MPs two years after saying lowest-paid agency worker would earn £5.15 an hourThe boss of P&O Ferries has been asked if he is “a pirate” who appears to be “robbing staff blind” – as he confirmed to MPs that the group’s seafarers had been receiving pay rates even lower than he had previously told parliament.Peter Hebblethwaite previously appeared in front of a joint transport and business committee in March 2022 -
LockBit ransomware group’s leader unmasked and hit with sanctions; UK house prices inch higher– business live
via theguardian.comLeader of major cybercrime group has been unmasked and sanctioned by the UK, US and Australia, authorities say‘They’re everywhere’: Labour’s wooing of City goes into overdriveThe small increase in UK house prices in April has left them broadly flat since the turn of the year, says Peter Arnold, EY UK chief economist:The stabilisation in market conditions reflects the large fall in mortgage rates since last summer, with transactions and prices appearing to have passed thei -
Jack Dorsey quits Bluesky board and urges users to stay on Elon Musk’s X
via theguardian.comTwitter co-founder’s decision to leave rival social network he helped start was apparently unexpectedThe Twitter co-founder Jack Dorsey has left the board of Bluesky, the decentralised social network he helped start, and encouraged users to remain on his first site, now owned by Elon Musk and called X.Dorsey confirmed he had cut ties with Bluesky on Sunday, telling a user on X that he was no longer on the social network’s board. The announcement was apparently unexpected, since Blues -
Disney to ‘focus on quality’ as it plans to cut output – including Marvel movies
via theguardian.comCEO Bob Iger says company will scale back releases in superhero franchise as it seeks to take on Netflix in streaming marketDisney plans to release fewer movies and “focus more on quality” in its key franchises, following of a string of high-profile flops at the box office.The Hollywood giant is cutting back on productions from the Marvel Cinematic Universe, which ramped up releases in recent years as Disney embarked upon an expensive bid to take on Netflix. Continue reading... -
Worried carmakers call for urgent UK help to reignite waning interest in electric vehicles
via theguardian.comSector wants tax cuts, better buying incentives and more electric charging points as sales in EVs stallCar manufacturers have called for urgent action to reignite the switch to electric vehicles, after sales figures showed slowing demand among ordinary motorists for battery-powered cars.While overall UK registrations grew by 1% in April year-on-year to 134,000, the increase was caused by fleet sales, with private buyer sales down by almost 18% on last year. Continue reading... -
JD Sports enters the Middle East as part of global expansion drive
via express.co.ukHigh street sportswear and trainers giant JD Sports has opened its first store in the Middle East, with plans to open around 50 in the region by 2028. -
Public-private sector pay differential shows levelling off - new data
via express.co.ukThe Central Statistics Office has published new data on the public-private sector pay differential. -
‘Labour will surpass your expectations’: the leftwing thinktank boss standing on Starmer’s agenda
via theguardian.comMiatta Fahnbulleh is running for parliament – and, as a black female economist, hopes to broaden parliament’s outlook on ‘the rules of the game’Miatta Fahnbulleh has been talking about economic transformation for as long as she can remember. After she and her family fled civil war in Liberia as a child, the main topics of conversation around the breakfast table in London were politics and economics.“When other people were talking about EastEnders, we were on about c -
British EV tech start-up wins £800million to develop self-driving AI cars
via express.co.ukStartup Wayve will receive the $1.05bn investment from Japan's SoftBank as well as Nvidia and Microsoft. -
‘Big four’ accountancy firms PwC and EY fined over LC&F audit failures
via theguardian.comFirms fined millions after London Capital & Finance’s 2019 crash wiped out customers’ savings“Big four” accountancy firms PricewaterhouseCoopers and EY have been fined a combined £9.3m for a series of failures in auditing the accounts of London Capital & Finance, the collapsed mini-bond firm that wiped out the investments of thousands of savers.It concludes a near four-year investigation by the Financial Reporting Council (FRC) into how auditors breached the -
MAPPED: The 14,000 UK houses that sold for over £1,000,000 in last 12 months
via express.co.ukThere were over 14,000 houses sold for over £1 million across England and Wales between the start of April 2023 and the end of March 2024. -
BP profits plunge 71.4% as weaker oil and gas prices and US outage hit energy giant
via express.co.ukBP is sticking with plans to hand over nearly $3billion to shareholders in dividends and share buybacks despite its first quarter net profits crashing. -
Barclays slashes mortgage rates on fixed deals ahead of Bank of England decision
via express.co.ukThe move will bring a number of Barclays' mortgage deals below five percent. -
WASPI payout demands surge as ex-Celeb Big Brother star calls for DWP meeting
via express.co.ukMPs are to hold a debate on the question of WASPI compensation later this month. -
Boeing faces new US investigation into ‘missed’ 787 inspections
via theguardian.comFAA examining whether employees may have falsified records after firm said it might not have properly carried out checksBusiness live – latest updatesBoeing faces a new investigation after the planemaker told US regulators it might have failed to properly carry out some quality inspections on its 787 Dreamliner planes.The US Federal Aviation Administration (FAA) said it was “investigating whether Boeing completed the inspections and whether company employees may have falsified aircra -
P&O boss admits to paying workers as little as £4.87 per hour two years after 'pirate' sca
via express.co.ukP&O Ferries chief executive Peter Hebblethwaite admitted to paying the firm's workers as little as £4.87 per hour, nearly two years on from a scandal which saw it branded "pirates" for laying off hundreds of staff without notice. -
How Snapchat is saving itself – and keeping up with Silicon Valley giants
via theguardian.comThe messaging service pegs itself as the ‘happiest place’ online, but Snap’s Ronan Harris explain how its post-pandemic struggles has made it focus on being friendlier not just to users but to small businesses, too• Don’t get TechScape delivered to your inbox? Sign up for the full article hereWhy are some social networks a success, while others struggle to stay alive? How did Facebook and Twitter go from being peers in the 2000s to barely even rivals 15 years on? Eve -
House prices breakdown by UK area - where in the country values are rising most
via express.co.ukProperty values grew by 1.1 percent annually, accelerating from a 0.4 percent rise recorded the previous month. -
UK house prices steady in April as higher mortgage rates bite
via theguardian.comFirst-time buyers targeting smaller properties, with flats closing ‘growth gap’ on houses, says HalifaxBusiness live – latest updatesHouse prices in the UK were steady in April after falling in March, as higher mortgage rates prompt first-time buyers to go for smaller properties, according to the mortgage lender Halifax.The price of a typical home rose by less than £200 last month to £288,949, a 0.1% monthly gain, compared with a 0.9% drop in March, which was the fi -
UK AI startup Wayve wins $1bn funding for self-driving car software
via theguardian.comJapan’s SoftBank leads largest investment to date in a European artificial intelligence companyBusiness live – latest updatesThe UK self-driving car technology startup Wayve has secured more than $1bn (£800m) of investment to develop the next generation of artificial intelligence-powered vehicles, with the funding round led by Japan’s SoftBank.The $1.05bn investment is backed by the Japanese conglomerate along with the California chipmaker Nvidia and Microsoft, and is the -
From holidays to shopping: eight discounts for UK over-60s you might not know about
via theguardian.comIt’s still the magic milestone when senior citizenship begins … with a host of money-saving offers to take advantage ofThe UK state pension age has risen but many companies and organisations still hold on to “the big 6-0” as the point at which senior citizenship begins, and it continues to represent a money-saving milestone as a result. Continue reading... -
Sky TV didn’t tell me I could have paid thousands less
via theguardian.comIt did not remind me my contract had ended, or tell me about the best dealsI’ve been a Sky TV customer for more than 20 years but fear I may have overpaid by thousands of pounds because I’ve been out of contract since 2005.I recently discovered that, under Ofcom rules, your provider must remind you that your contract is ending, or has ended, and tell you about its best deals. Continue reading... -
I will build at least 10,000 council homes. As for right to buy – suspend it for new properties | Andy Burnham
via theguardian.comThere’s no point us building houses if people sell them off cheaply to no public benefit. It’s like running a bath with no plug
Andy Burnham is the mayor of Greater ManchesterLast Thursday, people voted for change. There appears to be a settled view now that the country needs a fresh start. And yet anyone who has stood on doorsteps in recent times will know this is not a 1997 moment. The level of despondency with politics is deep. There will be no honeymoon period for any incoming go -
Rachel Reeves is right: this government is gaslighting us over the economy | Polly Toynbee
via theguardian.comTories will crow about falling inflation and Britain’s waning recession. But the public sees the reality in its shopping basketLabour’s tanks roll relentlessly across Tory lawns, not pausing a heartbeat to celebrate phenomenal local election results in England. It treated the local polls as a military rehearsal for the general election, with ruthless focus on places that will deliver most seats: that includes the south, as well as the north and Midlands, and the party is heading for -
Why are the world’s cities sinking? - podcast
via theguardian.comA study has found that more than two dozen US coastal cities are sinking by more than 2mm a year. It’s a similar picture across the world. Nearly half of China’s major cities, as well as places such as Tehran and Jakarta, are facing similar problems. These issues are compounded by sea level rises caused by global heating. Madeleine Finlay speaks to Prof Manoochehr Shirzaei of Virginia Tech University and Prof Robert Nicholls of the University of East Anglia to find out what’s m -
Non-doms are threatening to leave. Should they be convinced to stay? - podcast
via theguardian.comMulti-millionaire Bassim Haidar says ending the non-dom tax status is a mistake. He plans to leave the UK and says other non-doms will do the same. Should the government change their mind?The chancellor, Jeremy Hunt, announced in his spring budget that the government was going to scrap the “non-domicile” regime, which has allowed the multi-millionaire Bassim Haidar and 68,800 other non-doms to avoid paying UK tax on their overseas income for the past 225 years. It will raise £2 -
Savills says UK house prices will rise this year in U-turn on earlier forecast
via theguardian.comLower mortgage rates prompt property firm to change its outlook from 3% drop to a 2.5% increaseA decline in mortgage rates has prompted a forecaster to reverse its predictions of a fall in UK house prices in 2024, instead suggesting the average cost of a property could rise by £61,500 over the next five years.The property company Savills had forecast in November that it expected the average price of a home to fall by 3% this year because recent rises in the Bank of England base rate had he
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