Search Results for: economic

August 19, 2013

CBI raises growth forecasts, but cautious on sustainable recovery

by Sara Bean • Knowledge, News, Property, Workplace

A pick-up in confidence across a broad range of sectors, including services and construction and a better than expected second quarter has led the CBI to raise its growth forecasts, with GDP growth of 1.2 per cent predicted in 2013, up from 1.0 per cent in the May forecast. In 2014, the business group expects the economy to gather pace, forecasting 2.3 per cent GDP growth, up from 2.0 per cent in May. However, unemployment rates look set to stick at around 7.8 per cent. John Cridland, CBI Director-General said: “The economy has started to gain momentum and confidence is picking up, but it’s still early days. We need to see a full-blown rebalancing of our economy, with stronger business investment and trade before we can call a sustainable recovery.” More →

August 12, 2013

Sharp increase in UK commercial property activity during July

by Mark Eltringham • Knowledge, News, Property

The signs that the UK’s economic recovery is now underway are given credibility with news that the UK’s commercial property sector is at its most buoyant for six years. According to a report from Savills which looked at new build and refurbishment activity during July, a fifth (20.1percent) of UK developers reported an increase in activity compared to 18.9 percent in June. Savills claims this is the greatest rate of growth since May 2007. The rise was driven primarily by an increase in private sector work as reported by nearly a third (31.4 percent) of developers, with only 1.4 percent reporting a rise in public sector activity. Developers are also optimistic about their prospects in the near future, with a quarter (25.1 percent) saying they were positive about what would happen over the next three months, up from 14 percent in June. The Savills report links this positivity to greater occupier confidence and more finance from banks.

August 7, 2013

UK construction and manufacturing buoyant but mixed picture in global property market

by Mark Eltringham • Knowledge, News, Products, Property

There are signs that the UK’s faltering economy is on the road to recovery. Construction activity in the UK jumped sharply in July to hit its highest level in over three years, according to the latest Markit/CIPS survey of purchasing managers. This may have been driven primarily by a surge in house building, but even the recently moribund commercial construction sector saw an increase in activity. However a new report from the Royal Institute of Chartered Surveyors has highlighted that while the UK may have reason to smile, the picture of global commercial property markets is very patchy.

July 29, 2013

Fewer London firms plan to expand within the capital reports CBI

by Sara Bean • Facilities management, Knowledge, News, Property

As we’ve reported previously London is enjoying a booming office rental market, but according to the latest CBI/KPMG London Business Survey, high operating costs are making the capital less of an attractive prospect. While more of London’s businesses plan to expand during the next year, fewer are planning to do so in the capital, with high operating costs and housing shortages cited as the biggest concerns. London’s firms also plan to spend relatively more on recruitment and training; product and process innovation; and IT plant and machinery, but less on land and buildings. More →

July 26, 2013

Report: How will the future affect us or can we effect the future?

by Sara Bean • Furniture, Knowledge, News

Workplace furniture specialist Kinnarps has published its Trend Report 2013, which is the culmination of detailed research across European markets and thought leaders, conducted in partnership with Stockholm based futurologists Kairos Future. The study distilled a broad overview of emerging and established trends, across Kinnarps’ European markets, to focus on eight key themes that will influence the workplace of the future. According to the report, big changes are already apparent in our society, but these will come to have an altogether greater impact on the way we evaluate our working environment. More →

July 25, 2013

Show us the money. Increasing pressure for ROI on talent management initiatives

by Sara Bean • News, Workplace

Talent management is an integral part of the Human Resource role, but now HR professionals are being asked to provide some financial evidence. Four out of five (82%) of HR professionals are under increasing pressure to clearly demonstrate the financial return on investment of staff development a global study by Right Management has found. Although two thirds (65%) of UK-based senior HR executives believe that they are already highly effective at measuring the impact of their talent management initiatives, 85 per cent said that they are under rising pressure to demonstrate the outcome of these initiatives in monetary terms. More →

July 24, 2013

RICS reports most positive construction sector activity for six years

by Sara Bean • News, Property

The UK construction sector finally seems to be turning a corner with new projects beginning to rise in almost every part of the country, according to the latest RICS construction market survey. During the second quarter of this year a net balance of 21 per cent more surveyors reported rises in workloads, the most positive reading in over six years. While consistently falling activity has meant that projects are still generally speaking thin on the ground, this upturn suggests that the worst could now be over for the sector. More →

July 23, 2013

Government report highlights failings in UK public sector procurement

by Mark Eltringham • Furniture, Knowledge, News, Public Sector

In the wake of a number of recent procurement failures including the G4S and Serco overcharging fiasco, the UK Government has published a highly critical report of the way it buys some £227 billion of goods and services annually. The report from the Public Administration Committee (PASC) says that in spite of steps to improve procurement which include using better data, aggregating demand across departments and renegotiating with major suppliers, the number of failures remains conspicuously high. The G4S and Serco contracts with the Ministry of Justice, under which payments were made regardless of the service being delivered, are the most high profile examples but the report indicates that problems are widespread.

July 19, 2013

Dual source lighting schemes illuminate the way ahead for office design

by Shane Cohen • Comment, Facilities management, Lighting, Workplace design

Too bright, too dull, too much glare – lighting (alongside air conditioning) is often one of the most contentious factors in a workplace. Office workers need illumination to read, write, type and interact. Yet many workplaces get it wrong and fail to consider the downsides of poor lighting, and as such staff will suffer from eye strain, headaches and postural problems, leading to sick days, not to mention lost productivity and mistakes. Eighty per cent of office workers experience at least one negative effect from poor quality lighting, according to researchers Bruskin Goldring, and 68 per cent of employees complain about the light in their offices, according to a study by the American Society of Interior Designers.

July 16, 2013

RSA report claims untapped flexible working benefits of £8bn for the UK

by Mark Eltringham • Flexible working, Knowledge, Workplace

The latest salvo in the battle to get Britain to adopt even more flexible working comes in a report that carries more weight than some because it is not solely the work of a technology company but sponsored by the Royal Society for the Encouragement of Arts, Manufactures and Commerce (RSA). True, it’s co-sponsored by Vodafone but that is the way of these things. The RSA study estimates that flexible working practices shaped around the personal circumstances of the individual and designed to minimise the routine grind of commuting could give people around 5 more hours per week in which to work.

July 9, 2013

First “green-rise” commercial office building announced for Los Angeles

by Sara Bean • Architecture, Environment, News, Property

High-rise buildings tend to evoke a love-hate response, and being green is usually not a strong feature. However a new high-rise is being planned in California which aims to join the handful of tall buildings in North America to achieve the U.S. Green Buildings Council’s LEED Platinum certification. The 37-storey Century City Center will integrate the best new engineering and technological practices and innovations to deliver the first new build LEED Platinum “green-rise” in Los Angeles and Southern California. It promises, say developers JMB Realty Corporation, to effectively create a new benchmark in sustainable performance for the commercial office market in America’s second-largest urban region.

July 4, 2013

Government public sector construction reforms net £447 million in savings

by Sara Bean • News, Property, Public Sector

Reforms to strip out inefficiencies in public sector construction – including the use of building information modelling (BIM) and the creation of a sustainable supply chain have generated £447 million in savings and will deliver up to 20 per cent savings in project costs by 2015, Cabinet Office Minister Chloe Smith has announced. By making links across departments the Government has also been able to act as a single customer to the construction industry and provide clear benchmarks for budgets by setting out the average price it expects to pay for projects. The Government has now published a new set of benchmarks that are designed to drive down project costs even further and encourage the industry to offer more competitive and innovative solutions. More →