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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Diageo: Profit at FTSE 100 giant tumbles despite Guinness growth

August 5, 2025

Profit at FTSE 100 giant Diageo has fallen far short of expectations as high costs hammer the drinks giant. Net sales fell 0.1 per cent to $20.24bn (£15.24bn), Diageo told markets this morning, below analysts’ expectations of 1.4 per cent. It expects next year’s organic sales growth to be flat, and for organic operating profit [...]
Watches of Switzerland shares slump as Trump ups tariffs

August 1, 2025

Watches of Switzerland saw its share price drop more than seven per cent in early trade as investors shied away from the effect of Trump’s sweeping new tariffs. On Friday morning, Trump announced a new tariff rate of 39 per cent for Swiss exports to the US – higher than the initial ‘Liberation Day’ tariff [...]
Housing affordability creeps up amid wage growth and rate cuts

August 1, 2025

Housing affordability in the UK has slowly been improving amid slower house price growth than wage growth, as well as a fallback in mortgage rates. House prices grew 2.4 per cent in the year to July, according to Nationwide’s latest house price index, while wage growth was five per cent. The price of a typical [...]
Unilever: Ice cream success boosts sales but profit drops

July 31, 2025

Unilever has announced a drop in profit amid expensive disposals and unfavourable currency moves. Turnover at the FTSE100 firm, which owns brands like Dove, Colman’s and Persil, was €30.1bn, down 3.2 per cent year on year. Sales rose 3.4 per cent in the first half of the year, helped by a strong performance in Unilever’s [...]
‘Responsible landlords’ urged to stay in the private housing market

July 31, 2025

The UK’s landlord association has urged landlords to remain within the country’s private housing sector, warning that their exit could lead to a ‘disastrous’ outcome for tenants. Arguing that private landlords selling up is a direct cause of homelessness, the National Residential Landlords Association (NRLA) said that “responsible landlords” need to stay in the market [...]
London’s offices ‘regain footing’ as deals tick up and prime rents surge

July 31, 2025

Activity in London’s office market has seen a boost, driven by a strong second quarter marked by a number of high-profile leasings. Office take-up in the first half of 2025 reached 4.8m sq ft, up four per cent on the long term average, according to data from Savills. Second-quarter leasings were up 18 per cent [...]
Rival Telegraph bid ‘ready to go’, says hedge fund tycoon

July 30, 2025

City financier Jeremy Hosking has said his rival bid for Telegraph is ready to go, putting the hedge fund tycoon head to head with US private equity giant Redbird Capital Partners. Hosking plans to commit £100m of his own money into the newspaper group if his bid with The New York Sun owner Dovid Efune [...]
Taylor Wimpey: Construction jumps but cladding costs wipe out profit

July 30, 2025

Housebuilder Taylor Wimpey posted a double-digit rise in housing completions, but a £222.2m hit from fixing combustible cladding pushed the company to a half-year loss. Shares fell nearly five per cent in early morning trades. The number of houses built in the first half of 2025 totalled 5,264, up from 4,728 last year, the company [...]
Just 904 new homes registered in London in past 3 months

July 30, 2025

The number of new home registrations in London has more than halved as firms shy away from building in the capital. Just 904 new homes were registered in the second quarter of 2025, down from 2,191 in the second quarter of 2024, according to the National House Building Council (NHBC). London continues to be affected [...]
Cosmetic surgery businesses in firing line for HMRC clampdown

July 30, 2025

HMRC has launched a number of investigations into cosmetic surgery providers for not paying VAT – and cases are likely to rise, according to a law firm. Some providers of botox, dermal fillers and hair transplants have been operating on the misunderstanding that such procedures are VAT-exempt under a provision for medical care, law firm [...]

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By: Amber Murray

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