(Bloomberg) -- Canary Wharf Group, the developer of London’s dockland financial district, has received a fresh equity injection from its shareholders, as the...
-- Canary Wharf Group, the developer of London’s dockland financial district, has received a fresh equity injection from its shareholders, as the area contends with high profile departures and a shift to working from home.Big Tech Earnings Whipsaw QQQ in Late Trading: Markets Wrap
Canary Wharf has struggled since the pandemic led to a shift to flexible working, bringing in fewer workers to populate the desks of the large office blocks that dominate its skyline. HSBC, Europe’s largest bank, said it would quit its skyscraper in the district for a new location in central London, following a similar move by lawfirm Clifford Chance. For decades dominated by financial services firms, the area is intent on drawing in more residential and life-sciences tenants.
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