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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Splitting the G: Is Diageo gearing up to sell off Guinness?

May 19, 2025

Drinks giant Diageo has announced a huge cost-savings programme which may see it shed brands and jobs. In an update to markets this morning, the Guinness and Johnnie Walker owner said it planned to save $500m (£373m) over the next three years through “appropriate and selective disposals” as well as tighter capital discipline and organic [...]
The Square Mile’s latest office transformation gets green light

May 19, 2025

A huge redevelopment of 1 Moor Lane has been given the green light by the City of London Corporation as the Square Mile looks to boost its office capacity. The all-electric transformation of the building by Brookfield Properties will add 300,000 sqft (27,000 sqm) of grade-A offices to the City, increasing the amount of office [...]
Government urged to prioritise high streets or risk losing seats to Reform

May 19, 2025

A retail lobby group has warned that job losses in the sector could overwhelmingly affect areas at risk of turning from Labour to Reform. The Retail Jobs Alliance (RJA), made up big names like ASDA, Primark, Sainsbury’s and Tesco, found that retail is a major driver of local employment in areas where Reform made significant [...]
UK house prices continue to rise following stamp duty deadline

May 19, 2025

Demand for houses has dipped following the end of first-time buyer relief on stamp duty, despite a cut in interest rates. House prices grew by 0.6 per cent in April, according to Rightmove, the lowest at this time of year since 2016. The number of new properties coming onto the market for sale is 14 [...]
PHP makes surprise third approach for Assura at £1.68bn

May 16, 2025

Primary Health Properties has made a third approach for Assura as the war for the real estate investment trust heats up. PHP has offered £1.68bn for Assura, valuing its share price at 51.7p – a premium of 38.2 per cent to the company’s closing share price of 37.4 pence on February 13. This is the [...]
Safe as houses? Landsec bets on build-to-rent

May 16, 2025

Property investment group Land Securities – known as Landsec – has turned away from offices and towards housebuilding in a major pivot. It said long-term demographic trends made housing a better bet than the cyclical office market, which is set to slow from its current high growth rate as supply constraints ease The company’s chief [...]
Rents near Elizabeth line stations rocket up a third since opening

May 15, 2025

Rents for homes near recently-added Elizabeth line stations have shot up by more than a third since 2022 as the housing crisis in the capital continues to intensify. In some locations, prices have risen by more than 70 per cent as demand for well-connected properties soars, according to lettings software firm Goodlord. This rise outstrips [...]
Rental crisis to worsen in the next decade, says UK’s biggest landlord

May 15, 2025

Ongoing supply constraints are set to worsen the UK’s rental crisis in the coming years, according to the country’s biggest landlord. Grainger said it expected rental demand to grow 20 per cent from its 2021 level by 2031, far above growth in housing supply. “The private rental market in the UK faces growing demand [and] [...]
B&M appoints ex-Tesco executive as new CEO

May 15, 2025

Household goods retailer B&M has appointed ex-Tesco executive Tjeerd Jegen as its new CEO. Jegen will succeed Alex Russo, who joined the company in 2020 and was promoted to the top job in 2022. Group CFO Mike Schmidt will continue to lead the business until 16 June. Liverpool-headquartered B&M announced Russo’s departure in February this [...]
Premier Foods: Mr Kipling maker ups dividend on strong growth

May 15, 2025

Revenue at Premier Foods jumped last year, driven by growth in branded goods and international sales. The Mr Kipling owner told markets this morning that adjusted profit before tax rose 8.8 per cent to £169.3m in the year ended March 29. Profit after tax rose 11 per cent, with basic earnings per share up 10 [...]

Activist investor revives Auction Technology Group campaign

Fifa election twist as Prince Ali drops ‘coercion, threats and bribes’ claim

Monkey Shoulder is winning over a new generation of whisky drinkers

By: Amber Murray

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