May 28, 2013
Three quarters of London investment banks set to trim corporate real estate
According to a new report from CBRE, nearly three quarters (72 percent) of investment banks based in London are looking to cut their corporate real estate portfolios over the next two years as they adjust to a changing global market for their services as well as structural changes in the UK’s regulatory framework. As well as trimming London based properties, the report says that banks will continue to relocate functions to the UK regions in an effort to reduce costs. Since the low point of 2009, rents in the City of London have increased from £42.50 per sq ft to about £55 per sq ft. The survey also found that just over a third (34 percent) of banks expect to see cuts as a result of mergers and acquisitions in the sector.
April 19, 2013
Female-friendly employers named as progress of women in boardrooms stalls
by Sara Bean • Comment, Knowledge, News, Workplace
In an interview this week on BBC’s Newsnight, Facebook’s CFO Sheryl Sandberg, revealed how she’d come to notice a growing gender imbalance as she moved up the corporate ladder. As her new book Lean in, points out, 30 years after women became 50 per cent of the college graduates in the United States, men still hold the vast majority of leadership positions. This is just one of many reasons why the publication this week of the Times Top 50 Employers for Women list of the UK organisations that are leading the way in gender equality in the workplace is to be welcomed.
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