Following a property review initiated under the Fast Forward transformation programme, the majority of the Reuters London staff is to move to one building in 2005, located at Canary Wharf in east London. The deal will see £32.3 million capital released from the sale of its Fleet Street headquarters and adjoining building and also reduce property costs by approximately £5 million per year. Subject to formal contract, Reuters has agreed terms with Canary Wharf Group Plc for the entire building at 30, The South Colonnade, Canary Wharf.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.