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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Knights Templar-inspired office building gets green light

June 17, 2025

Plans to build a mixed-use office scheme in Holborn on the site of the former Knights Templar Church have been approved by the City of London Corporation. The new building will replace the existing Holborn Gate, Heron House and 44 Southampton Buildings on Chancery Lane. It will include a 300-person capacity immersive auditorium as well [...]
Oxford Street plan to ban taxis and buses gets green light

June 17, 2025

Plans to pedestrianise Oxford Street have received a green light after a consultation found seven in 10 Londoners supported the move. Buses and taxis will be banned between Orchard Street and Oxford Circus up to Great Portland Street – almost a mile of London. “This is a hugely significant development for central London,” Leader of [...]
Poundland to close 68 stores in restructuring plan

June 17, 2025

Poundland has announced the closure of just under 10 per cent of its estate as its restructuring plan takes shape under new ownership. The discount retailer, previously owned by Pepco, was acquired by investment giant Gordon Brothers for just £1 after a prolonged period of declining sales. The chain has struggled with “challenging trading conditions”, [...]
Asos replaces finance chief after just one year

June 17, 2025

Asos’ chief finance officer Dave Murray has stepped down from his role after 15 months as the struggling commerce giant continued to push a turnaround. He will be replace by Aaron Izzard, who currently serves as director of group finance at Asos. Murray, who will leave to “pursue other opportunities”, has helmed Asos’ finance division [...]
Capita shifts to agentic AI to save cash

June 17, 2025

Outsourcing giant Capita has announced a shift to agentic AI in a bid to return to profitability and ‘future-proof’ the business. It expects to offset a dip in adjusted profit with cost savings from an AI programme powered by ‘agents’ – artificial intelligence systems capable of autonomous decision-making. The company has launched an “AI lab”, [...]
Business rates to hammer the West End: ‘This whole policy is nuts’

June 16, 2025

A rise in business rates for more expensive properties is set to hammer valuable areas like London’s West End, a leading investment firm has warned. The policy, which aims to bring down business rates for small properties by raising them for large properties, has been slammed as “unlikely to save the high street” and likely [...]
Reeves’ tax hikes lead to spike in pubs going bust

June 16, 2025

The series of tax hikes introduced by Chancellor Rachel Reeves in her Autumn Budget last year has contributed to a spike in pubs going bust across the UK in April, according to new figures. A total of 67 pubs closed down during the month – the highest number since July 2024 when 75 entered insolvency [...]
Dunelm’s ‘market-beating’ potential hailed as shares rocket

June 16, 2025

Dunelm has been hailed as a “coiled spring” by London broker Peel Hunt amid rising sales and its shares rocketing in recent weeks. The Leicester-headquartered retailer, which is a member of the FTSE 250 index, a “clear moat” compared to its competitors due to a combination of more products, more active customers and a much [...]
UK house prices drop as motivated sellers slash asking prices

June 16, 2025

UK house prices dipped in June amid a jump in the number of homes coming to the market. New asking prices fell by 0.3 per cent to £378,240 in June amid a “decade-high” competition to secure buyers, according to Rightmove’s latest house price index. Prices are now 0.8 per cent ahead of this time last [...]
Grenade: We invented ‘good’ protein bars

June 16, 2025

It is difficult to walk around a supermarket without being screamed at by a collection of very similar labels on very different aisles: High-protein yogurt! Protein powder bread! All natural high-protein ketchup! As the final social-media-endorsed macronutrient standing, protein’s stock has soared from a good-to-have to a must-buy in the last decade. Somewhat inexplicably, Marks [...]

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By: Amber Murray

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