Search Results for: financial

Reviving flexible workspaces – a guide to saving failing operations

Reviving flexible workspaces – a guide to saving failing operations

by • Comment, Property

Landlords and operators of flexible workspaces need to ensure that what they offer is meeting customer demands says Calum RussellThe landscape of flexible working has witnessed unprecedented growth, spurred by the evolving needs of businesses in the aftermath of the pandemic. Despite the economic turbulence of 2023, the flexible office market has remained strong in the UK, achieving a record overall occupancy of 83 percent in the same year. As the demand for adaptable and collaborative working environments continues to rise, landlords and operators of flexible workspaces need to ensure that what they offer is meeting customer demands. Given the number of notable operator closures, many landlords are beginning to find themselves at the forefront of decisions about managing and revitalising failing operations. More →

Isolated under-40s far less likely to have strong workplace relationships

Isolated under-40s far less likely to have strong workplace relationships

by • News, Wellbeing, Workplace

Workers under 40 are 80 per cent more likely to lack trusted workplace relationships compared to workers over 50,Workers under 40 are 80 per cent less likely to have trusted workplace relationships compared to workers over 50, impacting their mental health, physical wellbeing and productivity, according to a new report from TELUS Health. The TELUS Mental Health Index sets out to explore the mental health of employed people in the United Kingdom, the United States, Canada, Europe, Singapore, New Zealand and Australia. More →

‘Fun’, great management and culture are what make a firm a great place to work

‘Fun’, great management and culture are what make a firm a great place to work

by • News, Workplace

Great Place To Work has announced its annual UK’s Best Workplaces list, based on feedback from around 250,000 peopleGreat Place To Work has announced its annual UK’s Best Workplaces list, based on feedback from around 250,000 people. Taking into account culture audits and employees’ perspectives the organisers say they have identified what makes these employers the best. 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 • 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 →

Moody’s latest firm to quit Canary Wharf for smaller offices in London

Moody’s latest firm to quit Canary Wharf for smaller offices in London

by • News, Property

Credit ratings agency Moody’s is relocating its London headquarters from offices in Canary Wharf to a new location in the City of London. This move adds to the trend of financial firms opting to leave the Docklands district. The company will shift to offices at 10 Gresham Street in 2026, coinciding with the expiration of its lease at One Canada Square, the iconic pyramid-topped skyscraper in the heart of the east London estate. A spokesperson for Moody’s confirmed the selection of the new location, emphasizing that the move is subject to closing. More →

UK greenhouse gas emissions fall to lowest level since 1879

UK greenhouse gas emissions fall to lowest level since 1879

by • Environment, News

The UK’s greenhouse gas emissions fell by 5.7 percent in 2023 to their lowest level since 1879, according to a new analysis from Carbon Brief.The UK’s greenhouse gas emissions fell by 5.7 percent in 2023 to their lowest level since 1879, according to a new analysis from Carbon Brief. According to the report from the researchers, the last time UK emissions were this low, Queen Victoria was on the throne, Benjamin Disraeli was prime minister, Mosley Street in Newcastle became the first road in the world with electric lighting and 59 people died in the Tay Bridge disaster in Dundee. More →

UK and other countries sign international pledge to cut carbon emissions from buildings

UK and other countries sign international pledge to cut carbon emissions from buildings

by • Environment, News

This declaration aims to facilitate a swift, equitable, and effective transition within the sector to lower carbon emissions from buildings.The inaugural Buildings and Climate Global Forum, organised by the French Government and the UN Environment Programme (UNEP) concluded last week.  Representatives from 70 countries adopted the Declaration de Chaillot, a foundational document for international cooperation. This declaration aims to facilitate a swift, equitable, and effective transition within the sector to lower carbon emissions from buildings. More →

UNESCO study reveals evidence of regressive stereotypes in LLMs

UNESCO study reveals evidence of regressive stereotypes in LLMs

by • News, Technology, Workplace

To coincide with International Women’s Day, a UNESCO study revealed worrying tendencies in Large Language models (LLM) to produce gender bias, as well as homophobia and racial stereotyping.  Women were described as working in domestic roles far more often than men – four times as often by one model – and were frequently associated with words like “home”, “family” and “children”, while male names were linked to “business”, “executive”, “salary”, and “career”. More →

The sector responds to the Spring Budget

The sector responds to the Spring Budget

by • Business, News

Yesterday’s Spring Budget included a number of announcements that affect the various people, place and technology professions in the UK. These include a cut in National Insurance, pension fund reforms, support for working parents, AI, helping people back in to work and more. You can see the Government’s own summary here. The various industry sectors have been quick to respond to the announcements. You can see what some people have had to say below, in no particular order. More →

University of Warwick receives £1.25 million to research how AI could change the market for real estate

University of Warwick receives £1.25 million to research how AI could change the market for real estate

by • News, Property, Technology

The University of Warwick has received a £1.25 million donation to launch the FutureFinance.AI Research Group that could transform the way the world purchases, sells, rents and handles real estate over the next five yearsThe University of Warwick has received a £1.25 million donation to launch the FutureFinance.AI Research Group that could transform the way the world purchases, sells, rents and handles real estate over the next five years. Based in the Gillmore Centre for Financial Technology at Warwick Business School, the new Research Group will draw interdisciplinary scholars and thinkers from across the world to redefine and innovate the financial and property technology landscape. 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 →

Rejection of flexible working request shouldn’t blind employers to their legal duties

Rejection of flexible working request shouldn’t blind employers to their legal duties

by • Comment, Flexible working

Amy Leech of Shoosmiths looks at a recent case following the rejection of a flexible working request and considers its implicationsFlexible working has continued in many workforces since the pandemic. The most common pattern is a hybrid one where employees split their time between the office and home. However some employees are now looking to work remotely on a permanent basis. This is what happened in Wilson v Financial Conduct Authority 2302739/2023. The Claimant submitted a flexible working application requesting to work entirely remotely using her computer and other electronic equipment and to complete all her work without attending a physical office location. The Respondent’s policy was that post-pandemic, the Claimant was expected to work in the office 40 percent of the time and could work the other 60 percent remotely. More →

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