By: Amber Murray

Retail Reporter Amber Murray is a reporter at City A.M., covering retail, luxury and property stores. Prior to City A.M., she worked as a sub-editor for Fastmarkets and completed a Masters in Financial Journalism at City University. Please get in touch with stories/tips/coffees at amber.murray@cityam.com

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Pubs outraged as Selfridges and Harrods see business rates slashed

Retail

Rachel Reeves is facing a backlash for a cut to business rates for the likes of Selfridges and Harrods while many pubs and restaurants see a huge hike. Analysis has found that a new shake-up of business rates will cause the tax bill of luxury stores to fall, while smaller venues face double-digit increases. Harrods’ [...]
Getting rid of business rates won’t fix Britain’s high streets

Retail

The decline of the UK’s high streets has been well-documented over the past decades, with the finger variously pointed at structural and policy changes. At the 2025 Labour Party conference, the Prime Minister said that the UK’s high streets are “struggling against the tide of decline”, promising to replace the business rates system and level [...]
FTSE 100 Live: Budget to send borrowing costs soaring; New AIM IPO

Markets

Good morning and welcome back to the City AM liveblog. Sir Keir Starmer has asked the British public to judge his premiership on the government’s ability to “make people feel better off”. Well, in the capital the Prime Minister shouldn’t be expecting a warm reception from young Brits, who are feeling the pinch of the [...]

Hotels ‘fighting to maintain profits’ as costs rise

December 3, 2025

Britain’s hotels are struggling with rising costs despite increasing demand, according to the latest data. Profits were flat for UK hotels between September and October at just over 38 per cent, and fell slightly from 43.3 per cent to 43.1 per cent in London, according to the RSM hotels tracker. This was despite a rise [...]
Weight-loss drugs ‘fundamentally changing’ the way Brits eat

December 3, 2025

The rise of weight-loss drugs is starting to affect supermarket sales, with experts warning that the sector is unprepared for the change this Christmas. More than one in ten Brits is set to host someone on GLP-1 medication this year, prompting less alcohol and fewer sweets on the menu. “There is a worry that Christmas [...]
London’s South Bank beefs up leadership team

December 3, 2025

South Bank Employers’ Group (SBEG) has welcomed five new appointments to its board amid a modernisation drive. The not-for-profit membership organisation, which was founded in 1991, said it marked the end of a major governance review and the start of a “smaller, more agile board”. Chief executive Nic Durston said SBEG has “transformed the way [...]
FTSE 100 Live: HSBC names new chair; Bloomsbury and Google tie-up

December 3, 2025

Good morning and welcome back to the City AM liveblog. Are we on the verge of another financial crisis? It’s quite the eerie question but it was one of many posed to the Governor of the Bank of England Andrew Bailey following the latest financial stability report on Tuesday. The head of the central Bank [...]
Majority of young voters consider leaving London due to cost of living

December 3, 2025

A majority of young Londoners have considered leaving the capital due to the high cost of living, with one in four actively looking into moving, according to a new survey. Just under half – 47 per cent – of all Londoners have thought about moving out of the capital, with that figure rising to 54 [...]
Boxing day bounce set to kick-start housing market

December 2, 2025

A traditional jump in Brits looking for properties at Christmas is set to boost the UK’s housing market after a slow Autumn. With families gathered, people considering their new year’s housing ambitions, and extra downtime leading to browsing on phones and laptops, estate and letting agents are consistently reporting an uplift in enquiries, according to [...]
FTSE 100 Live: OBR chiefs face MP grilling; Food inflation slows

December 2, 2025

Good morning and welcome back to the City AM liveblog. The Office for Budget Responsibility (OBR) admitted its “worst failure in the 15-year history” of the fiscal watchdog on Monday. This morning, from 10am, two of its remaining spokespeople will be facing a grilling from the Treasury select committee of MPs. The sensational leak of [...]

Magnum only scoops €8bn valuation on stock market debut

LIV Golf is Formula 1 and PGA Tour is IndyCar, says CEO O’Neil

The Old Course Hotel is bringing a modern twist to a classic

By: Amber Murray

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