‘Not up to government’: Return to office under threat as ministers mull legal right to work from home June 17, 2021 Brits could be granted the right to work from home forever under shock post-pandemic plans being considered by the government. Ministers have proposed legal changes that would prevent employers from forcing staff to come into the office unless they can prove it is essential. The government will consult on the plan over the summer ahead [...]
Fintech firm Wise confirms plans for London stock market float June 17, 2021 Fintech favourite Wise has confirmed plans to go public in what will be the first direct listing of a tech firm in London. The payments group, formerly known as Transferwise, said it has been profitable since 2017 and sales hit £421m this year. In 2021 the app moved £54.4bn across borders for 6m customers. The [...]
Leaked text messages: Boris Johnson called Matt Hancock ‘totally f***** hopeless’ June 17, 2021 Boris Johnson described Matt Hancock’s performance when it came to mass testing in the early days of the Covid-19 pandemic as “totally f****** hopeless”, Dominic Cummings has claimed. Treasury minister Jesse Norman said today that the Prime Minister’s is “firmly behind” the health secretary after the messages emerged. “I think this is some of the [...]
Close to home: Demand for city centre offices drops as hybrid working picks up June 16, 2021 Suburban office markets outperformed city centres for the first time in ten years, with six out of nine major cities seeing a drop in workstation rates. Research published today found demand was driven by workers rejecting both working from home and returning to crowded cities. The shift to smaller towns was also influenced by companies [...]
Listing bonanza: Here are the IPOs to watch out for this year June 16, 2021 Building on the momentum seen towards the end of last year, IPO activity in London is surging so far this year. However, Deliveroo’s recent IPO flop demonstrates that success is far from guaranteed. City PM compiled an overview of the UK, US and international IPO contenders to watch this year as the global economy recovers. [...]
Shock verdict: London teenager Nora Quoirin did not die because of ‘misadventure’, Malaysian court rules June 16, 2021 A Malaysian High Court today crushed a coroner ruling that the death of London teenager Nora Anne Quoirin, whose body was found near a jungle resort, was likely to have been due to a misadventure that did not involve other people. High Court judge Azizul Azmi Adnan agreed with Nora’s parents that it would not [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 16, 2021 City PM‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email [email protected] to be featured. CBRE board bags ex-BlackRock real estate lead A former head of global real estate at investment heavyweight BlackRock is set to join real estate services firm CBRE in June. Marcus Sperber [...]
The return to normal: A timeline for businesses opening the office June 16, 2021 | Sponsored As businesses begin to reopen their offices, Oktra’s workplace specialists outline concrete steps for moving forward in the return to work. With 69% of UK CFOs expecting the bulk of their workforce to return to the office in the third and fourth quarter of 2021, and 43 of the UK’s top 50 companies embracing a [...]
Ex-Barclays CEO Antony Jenkins’ BlackRock-backed fintech firm raises $187m June 16, 2021 Ex-Barclays CEO Antony Jenkins' BlackRock-backed fintech firm raises $187m
Howard Davies: Heathrow airport expansion ‘not needed at the moment’ June 16, 2021 Howard Davies: Heathrow airport expansion 'not needed at the moment'
