Search Results for: financial services

Financial centres in UK cities outside London are set to suffer most from Brexit

by • Cities, News

Although news reports about the impact of Brexit on the UK’s financial services sector have focused almost exclusively on London, a new report from the Centre for Cities claims that the decision to leave the EU will have a disproportionately larger impact on the centres in the UK’s other major cities, which employ two thirds of all people in the sector. The report explores the financial and professional services sectors in cities across the UK, and looks at what the relationships are with London-based firms in these industries. The report by the think tank supported by the City of London Corporation London: The geography of financial services in the capital and beyond looks at how much individual cities across the UK export in services, and what proportion of these services exports came from the financial sector.

More →

Occupational health services can benefit organisations and booster economy says report

Occupational health services can benefit organisations and booster economy says report

by • Facilities management, News, Wellbeing

Occupational health services can benefit organisations and booster economy says reportIt can be proven that a well implemented Occupational Health service can offer a good return on investment, finds a new report. A white paper, produced by the Society of Occupational Medicine (SOM), the International SOS Foundation and KU Leuven University, “Occupational Health: the Global Value and Evidence”, discusses the value of OH from a global perspective and provides a synthesis of global evidence on the effectiveness of OH interventions and cost effectiveness. With fatal and non-fatal work-related injuries and illnesses worldwide equating to a cost of approximately €2680 billion, equivalent to 4 percent of the global GDP or the entire GDP of Great Britain organisations, their workforce, and society have to bear a substantial cost. The paper demonstrates that Occupational Health services bring value by improving the health of the working population; contributing to the prevention of work-related illnesses; preventing avoidable sickness absence through the provision of early interventions for those who develop a health condition; and increasing the efficiency and productivity of organisations. They can also play a major part in protecting and revitalising the global economy.

More →

Financial companies learning to better utilise office space to attract right talent

Financial companies learning to better utilise office space to attract right talent

by • Flexible working, News, Property, Workplace, Workplace design

Nasdaq offices in PhiladelphiaFinancial services organisations are reducing the amount of commercial office space they require as they adopt more flexible work styles. This is according to a new report from HOK’s US team, The New Financial Workplace, an investigation into the threats and challenges facing the financial services industry, with a special focus on how new technologies like cryptocurrency, biometrics and blockchain are disrupting the sector. Financial services companies are being challenged by the emerging fintech industry, says the report, which is projected to grow to $8 billion in 2018. These traditional companies must adopt the cultures and workplace design practices of the technology industry to stay ahead.

More →

Commercial property lenders should drive sustainability through financial innovation

Commercial property lenders should drive sustainability through financial innovation 0

by • Environment, News, Property

The commercial real estate finance sector is witnessing a dramatic shift in attitudes towards the issue of sustainability, according to a new report from the Better Buildings Partnership. It claims that major commercial property lenders are already exploring new opportunities that go well beyond traditional risk management through sustainability initiatives that ‘drive new business, strengthen customer relationships and improve the data they hold on the buildings in which they have underwritten’. The report, Beyond Risk Management: How sustainability is driving innovation in commercial real estate finance, is sponsored by CREFC Europe, GeoPhy, ING Bank and Lloyds Bank Commercial Banking, and claims to reveal pioneering examples of how lenders are incorporating sustainability into their core business activities.

More →

Triple threat to worker wellbeing is financial, mental and physical

Triple threat to worker wellbeing is financial, mental and physical 0

by • News, Wellbeing, Workplace

Triple threat to worker wellbeingWorkers are under siege from a triple threat to their wellbeing, often dealing with a combination of financial, mental and physical health problems. Research from AXA PPP healthcare claims that over half (52 per cent) of nearly 2,500 workers polled had faced financial difficulties, while around a third say they’ve lived with mental ill health (36 per cent) or had problems with their physical health (30 per cent). Most workers (81 per cent) say that, when they’ve experienced difficulties with their mental health, their physical health has suffered too, while over half (52 per cent) admit that their finances have been adversely affected. Similarly, when facing problems with their physical health, 71 per cent say that they’ve also experienced difficulties with their mental health, while 40 per cent report that their finances have taken a turn for the worse. A sizeable proportion of employees who’ve had financial difficulties say that their mental health (76 per cent) and physical health (50 per cent) have also been adversely affected.

More →

Financial sector is rationalising real estate to remain in London

Financial sector is rationalising real estate to remain in London 0

by • Cities, Facilities management, Property

City of London real estateA relentless drive to cut costs is forcing financial services occupiers to focus on reducing real estate costs and adopting strategies to use their space more efficiently in Central London. According to research from CBRE there has been an ongoing move by big banks to relocate non-core functions outside of Central London, as seen in HSBC’s decision to move 1,000 head office staff from London to Birmingham. However despite the inherent challenges, banks continue to cite client needs, recruitment, profile and presence as key reasons to keep office space in the Capital. This is reflected in last year’s leasing figures with banking and finance occupiers leasing 3.2m sq ft, 4.9 percent above the 10-year average. There are a variety of compromises companies may make as part of rationalisation strategies to maintain their position in London. Consolidation is an ongoing trend. But it is not a one size fits all approach.

More →

Capital One Office upgrades classic Zumtobel luminaire

Capital One Office upgrades classic Zumtobel luminaire

by • Company news, Lighting

Capital One were still happy with the look and feel of their classic TECTON lighting system, but in search of improved efficiency, once again turned to Zumtobel for a fresh solutionTwenty years on financial services giant Capital One were still happy with the look and feel of their classic TECTON lighting system, but in search of improved efficiency, once again turned to Zumtobel for a fresh solution. Trent House, Nottingham, is financial services’ giant Capital One’s European HQ. It recently underwent a major remodelling project to create a stimulating and responsive working environment. In the dynamic landscape of corporate transformations, Capital One took a strategic leap to refurbish its 1st and 2nd floors, embarking on a journey towards modernisation and efficiency. Partnering with Zumtobel, a trusted name in lighting solutions, the project aimed to breathe new life into its 20-year-old Zumtobel TECTON System. More →

Businesses planning major investments into Generative AI to increase productivity

Businesses planning major investments into Generative AI to increase productivity

by • AI, News

firms are planning major investments into generative AI technologies to drive increases in productivity, but are still being cautious about their impact.A new report from Cognizant and Oxford Economics New Work, New World: Quantifying Global Gen AI Momentum suggests that firms are planning major investments into generative AI technologies to drive increases in productivity, but are still being cautious about their impact. Additionally, 76 percent of businesses say they are looking to leverage the technology to create new revenue streams, while 58 percent are incorporating revenue increases into their business cases. More →

Save the Knowledge Worker – insights and strategies for remote-work success

Save the Knowledge Worker – insights and strategies for remote-work success

by • Features, Flexible working, Premium Content, Wellbeing

Kolekti’s new Save the Knowledge Worker reportUndoubtedly, the remote work revolution is in full swing. But it’s messy. Kolekti’s new Save the Knowledge Worker report found a colossal 96 percent of workers desire some form of remote work, and one in three employees is willing to quit if forced to return to the office full-time. And yet, which business leader can say their organisation has perfected the strategy for remote work? Most are still experimenting, tinkering, and tweaking. Even the end destination may be unclear for some. More →

Potential of AI is putting a smile on the faces of optimistic CEOs

Potential of AI is putting a smile on the faces of optimistic CEOs

by • AI, Business, News, Technology

CEOs are embracing artificial intelligence (AI) and investing in reskilling their people to ensure they have the capabilities to successfully exploit new technologies. The CEOs of the world’s largest companies are increasingly optimistic about future growth, with 66 percent highly positive about the global outlook over the next three to five years. This is the headline finding of the second annual Arthur D. Little (ADL) CEO Insights Study, which was launched today. The study found that whatever their strategy or sector, global CEOs are increasing their growth investments. Artificial intelligence (AI) is seen as crucial to growth, with 96 percent of CEOs having already deployed AI in some form, although, demonstrating the early stages of its adoption, just 13 percent have a compelling, enterprise-wide AI strategy in place. More →

We need to talk about loneliness

We need to talk about loneliness

by • Company news, Wellbeing

From a business perspective, loneliness can be something that is often overlooked, particularly with the growing trend of hybrid workingLast year the World Health Organization (WHO) declared that loneliness is a pressing global health threat. Research has shown that it poses the same health risk as 15 cigarettes a day. According to the ONS, between January and February 2024, one in four adults in the UK reported feeling lonely. The government estimates the cost of severe loneliness per person is roughly £10,000 per year as a result of its impact on wellbeing, health and productivity. From a business perspective, this issue can be something that is often overlooked, particularly with the growing trend of hybrid working. In a connected workplace, employees feel valued, supported, and motivated to contribute their best. More →

Employers ‘toughen’ remote working rules 

Employers ‘toughen’ remote working rules 

by • Flexible working, News

Employers are toughening up remote working rules according to a new poll Randstad UK. Three in every five workers in the UK say that, in the past few months, their employer has become stricterEmployers are ‘toughening’ up remote working rules according to a new poll from Randstad UK. Three in every five workers in the UK say that, in the past few months, their employer has become stricter about making staff come into the office. In a survey of 2,000 workers across the UK, 60 per cent agreed with the statement: “In the past few months, my employer has become stricter about making sure staff come into the office.” But the research claims that cutting remote working options may prove counterproductive for organisations. More →

< 1 2 3 4 5 >»