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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Warm dry summer expected to produce top vintage for UK wines

August 26, 2025

English wine producers are expecting a top quality 2025 vintage after “optimal” weather conditions for many winemakers this summer. Comparisons have already been drawn to the record-breaking harvest of 2018, which provided outstanding grape ripeness and yields. Cherie Spriggs, head winemaker at Nyetimber said she was “quietly optimistic” about this year’s harvest. “2025 is definitely [...]
UAE buyers swoop on cheap London prime property

August 26, 2025

Wealthy buyers from the UAE are swooping on prime properties in central London, according to new data. UAE nationals accounted for three per cent of overseas buyers in prime central London in the year to July, up from 0.6 per cent the previous year, according to Knight Frank. “The uptick in interest from the Middle [...]
Workspace vacate London HQ for Unilever-acquired Wild Cosmetics

August 26, 2025

Wild Cosmetics has signed a new lease with Workspace which will see it move into Workspace’s current head office at Kennington Park. Workspace, which owns and manages flexible office and light industrial spaces, will move its headquarters to The Centro Buildings in Camden. Freddy Ward, co-founder of Wild, said he was “really happy” to be [...]
Hospitality bears brunt of job losses since October budget as costs rocket

August 25, 2025

Over half of all job losses in the UK since last October’s budget have been in hospitality as the sector struggles under the weight of rising costs, according to new data. Of the 164,641 job losses in the UK since the Budget last October, almost 89,000 have been lost in hospitality. The scale of job losses [...]
Consumer confidence still a ‘far cry’ from optimism of summer 2024

August 21, 2025

Consumer confidence ticked up slightly in August but remains far below where it was last summer, when Labour was elected in landslide victory. Brits’ expectations over the next three months of their personal financial situation have improved one point to minus six, a seven-point drop from August 2024, according to new figures from the British [...]
One in ten London homes would be hit by ‘mansion tax’

August 20, 2025

A tenth of houses in London would be hit by a ‘mansion tax’ on the sale of houses above £1.5m, according to new data. In London, 10.9 per cent of houses are worth over £1.9m, according to Rightmove, compared to just 1.6 per cent of houses outside the capital, with prices ballooning in the last [...]
Rachel Reeves considers ‘mansion tax’ on homes above £1.5m

August 20, 2025

Chancellor Rachel Reeves is looking at imposing capital gains tax on the sale of houses above £1.5m as she looks to fill a £40bn hole in the public finances. The change, which would likely happen at this year’s Autumn Budget, would see higher-rate taxpayers pay 24 per cent of the value of any gain they [...]
IWG boss labels double-digit share price dive ‘not rational’

August 19, 2025

Shares in International Workspace Group (IWG) dropped more than 15 per cent today after a disappointing half-year trading update from the office provider. It was the worst day for the world’s largest provider of serviced office space since the first day of lockdown in March 2020. But boss Mark Dixon said the share price drop [...]
Great Portland Estates calls in lawyers to investigate culture

August 19, 2025

Shares in Great Portland Estates (GPE) have recovered some losses this morning after reports surfaced of a whistleblower complaint about culture at the FTSE 250 office landlord over the weekend. GPE, which has a London office portfolio worth £2.9bn, has since called in lawyers to investigate the allegations in light of the complaint by a [...]
Surging food inflation hits restaurant sales

August 19, 2025

Food inflation is accelerating once again, eating into consumers’ pockets and pushing prices higher across the board. Inflation at the grocers hit five per cent in the four weeks ended August 10, down from 5.2 per cent in the previous month but well above the wider UK rate of 3.6 per cent. Real wage growth, [...]

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By: Amber Murray

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