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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Evoke: Profit nosedives at William Hill and 888 owner as Euros boost fails to materialise

August 15, 2024

William Hill owner Evoke has reported a huge post-tax loss as a predicted boost to profit after betting at the Euros failed to make any material impact on its results. The firm, which owns William Hill, 888 and Mr Green, reported a post-tax loss of £143.2m in the six months to 30th June 2024, an [...]
One in three delay buying new home as high costs and interest rates bite

August 14, 2024

The saga of first-time buyers trying to get on the UK housing ladder is long and well documented. High interest rates, rising costs and rents which swallow up more than a third of wages – in some parts of the country – have meant that around one in three people have delayed their purchase of [...]
Rising London rents are ‘a pressure cooker ready to explode’ as home ownership ‘inching out of reach’

August 14, 2024

“A pressure cooker ready to explode” is how one expert has described the current situation in the UK housing market as data showed rents jumped close to 10 per cent in London over the past year. In fresh data released this morning it was revealed that average UK private rents increased by 8.6 per cent [...]
Bowling and gyms the surprise winner as Brits look for affordable fun in sporting summer

August 14, 2024

The cost-of-living crisis may have started to tail off slightly, but it hasn’t gone away completely, as Brits chose affordable attractions during the summer. Amusement parks, aquariums and gyms topped the list of activities as school break got into full swing during a bumper summer for sport, according to data from Revolut, which tracked the [...]
Glass half empty: Distil searches for a loan as spirits firm’s revenue halves

August 14, 2024

Spirits firm Distil has reported a steep drop in revenue in light of inflation, cost-of-living pressures and a significant hike in alcohol duty. The AIM-listed firm, which owns brands including RedLeg Spiced Rum, Blackwoods Gin and Vodka and Blavod Vodka, said that revenue fell by 55 per cent in the four months covering April-June this [...]
Hammerson: Shopping centre giant secures refinancing for leading Dublin retail hub

August 14, 2024

Shopping centre giant Hammerson arranged a €350m (£300m) loan for one of Ireland’s leading retail destinations, Dundrum Town Centre. The deal has been agreed with Pimco Real Estate, with its existing loan due to mature next month. Hammerson’s share of the new loan, which is repayable by September 2031, was €175m (£150m) with lenders for [...]
Selfridges’ new chief faces an uphill battle

August 13, 2024

Selfridges’ new CEO, André Maeder, has his work cut out for him. The company has managed to survive the gruelling pandemic years – largely by cutting jobs and moving online – a tough cost-of-living crisis and an acquisition in 2022. But seasoned retailer Maeder, who was officially announced two weeks ago and starts in November, [...]
London security on high alert ahead of Taylor Swift gigs

August 13, 2024

Taylor Swift will return to the UK on Thursday for a string of five gigs at London’s Wembley stadium, putting the capital’s security services on high risk – particularly in light of the cancellation of her shows in Vienna after a foiled terrorist attack. “We are seeing very tense times,” Yair Daren, director of London-based [...]
‘Magnificent’ Hyde Park penthouse on sale for £60m

August 13, 2024

A £60m penthouse has gone on sale in Hyde Park in a tentative sign that the super-prime market may be turning towards bigger, more expensive homes again. The apartment, which is one of London’s biggest listings in 2024, includes “one of the largest private terraces in central London”, according to James Van Den Heule, co-founding director [...]
Asda continues to lose market share while grocery inflation rises for first time since March 2023

August 13, 2024

Asda and the Co-op have continued to lose market share while a rise in grocery inflation has led to overall sales increasing significantly for Tesco, Sainsbury’s and Lidl. Take-home sales at the grocers rose by 3.8 per cent in the four weeks to August 4, 2024, compared with the same period a year ago, according [...]

The end of the tax year is approaching: Here are the key allowances to use

Man City Puma kit deal helps UK sponsorship market hit £5bn

Spirit of Speyside Whisky Festival to drive millions into Scotch sector

By: Amber Murray

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