April 17, 2019

Uncertain times demand a new approach to strategic people management

Is the management of people in organisations today really about growing the long-term value of an employers’ most important asset in an increasing uncertain and skills-short labour market? Or is it more to do with continuing to drive costs down and shareholder returns up; and meeting the bare minimum standards required by legislation? The Institute for Employment’s (IES) latest research, carried out in partnership with the Chartered Institute of Personnel and Development (CIPD), looks at the reality of people management and comes up with some generally positive findings and conclusions. (more…)

April 17, 2019

Bristol has lowest Grade A office vacancy rate among UK largest cities

by Mark Eltringham • News, Property

Bristol has the lowest vacancy rate for Grade A offices amongst the UK’s leading Big 6 cities, reflecting strong demand combined with a shortage of high quality commercial space, according to new figures published by property consultants JLL. Although the city and region’s reputation for talent and innovation has so far countered the shortage of space, with inward investors citing access to a highly skilled, graduate workforce as one of the main reasons for relocation, JLL is warning that more needs to be done to ensure Bristol continues to attract investment. (more…)

April 12, 2019

Manchester is the number one tech location outside of London

by Marie Hillen • AI, Cities, Facilities management, News, Property, Technology

The UK’s regional cities are competing harder than ever with London to become the location of choice for the tech sector. According to CBRE’s report ‘Tech Cities: Exploring tech hotspots in the UK regions’ Manchester ranks number one amongst the top 10 UK tech location outside of London, but Scotland features highly with Glasgow and Edinburgh in second and third position respectively. Birmingham has risen three places, from seventh to fourth position but smaller conurbations such as such as Reading, Oxford, Cambridge, Southampton, Brighton and Bracknell also feature, based on their concentrations of tech employment, tech businesses and high education levels. More cities are competing for the very top spots in the ranking

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April 8, 2019

Navigating organisations through digital transformation

by Ian Tickle • Comment, Technology

It’s hard to escape the digital disruption that is reshaping not only the world we live in, but the fundamental way that businesses operate. Greater levels of data exchange and automation are creating new layers of innovation, shifting functional workflows to agile systems. And to prosper in this upheaval, leaders must look at how they can support their company’s ability to adapt and identify new opportunities to embrace these changes.

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April 8, 2019

Commercial property investors underestimate risks of climate change

by Neil Franklin • Environment, News

Investors in commercial property are underestimating the risks associated with climate change, including more frequent and intense extreme weather events, and need to rethink their assessment of asset vulnerabilities, according to a new report from the BlackRock Investment Institute.

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April 5, 2019

Brexit, Brits and blending: what MIPIM told us about the state of corporate real estate

by Anna King • Comment, Property

MIPIM celebrated its 30th anniversary during uncertain political and economic times, yet the mood was positive and even the backdrop of an impending Brexit decision failed to derail the UK contingent. However, the one thing missing from MIPIM in 2019 was British politicians. They were all back home, participating in decisive votes in the House of Commons as Parliament continued to kick the Brexit can down the road.

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April 3, 2019

Government needs to sort Brexit deadlock as construction sector falls

by Neil Franklin • News, Property

The Government and Parliament must break the Brexit deadlock and find a way forward warns the Federation of Master Builders (FMB), in response to the latest Construction PMI data, which shows another drop in construction output. The March 2019 PMI data revealed an Index score of 49.7, up slightly from 49.5 in February, against the no change threshold of 50.0. This points to a sustained decline in construction output, representing the first back-to-back fall in construction output since 2016. While the residential building sector enjoyed an upturn, commercial construction was the worst performing area.

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April 3, 2019

Procurement fraud rampant in UK businesses

by George Eltringham • News, Technology

Procurement fraud is widespread in the UK and the country lags behind many countries in its detection capabilities, new research from SAS claims. British companies, on average, lose significantly more money to procurement fraud, and the country is far more reliant on ineffective manual detection techniques than other nations.Procurement fraud occurs when employees and suppliers behave fraudulently during the contract bidding process or over the course of the contract. This can range from employees colluding with their preferred vendor to give unfair advantage during procurement, to suppliers submitting multiple invoices for a single item. While procurement fraud is a serious crime that carries a jail sentence in many countries, perpetrators are often willing to take the risk for personal revenge or financial gain. (more…)

April 2, 2019

The flat white economy is now the most important sector in the UK

by Mark Eltringham • News

According to a new study from the Centre for Economics and Business Research (CEBR) think tank, the so-called ‘flat white sector’ is now the most important driver of the UK economy. Consisting of the digital and creative businesses that cluster around areas like Silicon Roundabout in north-east London, the term has been coined by Douglas McWilliams, deputy chairman at the CEBR to reflect the way startups can apparently save on property costs by working out of coffee shops. McWilliams claims that the flat white economy contributed 14.4 per cent of gross value added (GVA) to the UK in 2018, making it more important than traditional sectors such as manufacturing, mining and utilities on that measure. (more…)

March 26, 2019

Automation could replace 1.5 million UK jobs, according to Government study

by Neil Franklin • AI, News, Technology

Around 1.5 million jobs in England are at high risk of some of their duties and tasks being automated in the future, Office for National Statistics (ONS) analysis shows. The ONS has analysed the jobs of 20 million people in England in 2017, and has found that 7.4 percent are at high risk of automation. Women, young people, and those who work part-time are most likely to work in roles that are at high risk of automation. (more…)

March 25, 2019

London office market saw more investment than any other global city in 2018

by Sara Bean • Cities, News, Property

Alongside the uncertainty surrounding Brexit there have been many predictions that London will be particularly hard-hit by the economic fallout. However, a new analysis by savoystewart.co.uk of Knight Frank’s The London Report 2019 proposes London will continue to attract the interest of occupiers and investors alike. The research suggests that London saw greater volumes of commercial real estate investment than any other global city in 2018 – with over £16 billion of transactions. (more…)

March 22, 2019

UK gets new £5 million climate change research centre

by George Eltringham • Environment, News

Cardiff University has been selected as the main hub for a £5 million research centre to explore how we can live differently to achieve the rapid and far-reaching emissions cuts required to address climate change. A collaboration between Cardiff, Manchester, York and East Anglia Universities, and charity Climate Outreach, the Centre for Climate Change and Social Transformations (CAST) will work closely with industry, local/national governments, and charities to tackle climate change. It is funded by the Economic and Social Research Council. (more…)