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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LSL Property: Profit shoots up as housing market recovers

March 26, 2025

LSL Property Services, one of the UK’s largest providers of mortgage and valuation services, has reported a jump in profit amid increased activity in the housing market. LSL reported operating profit of £21.9m for the year ended December 31, up more than five-fold from £3.7m in 2023. Underlying operating profit for the full year was [...]
Buyer’s market keeps house prices in check in February

March 26, 2025

House prices rose by less in March as the number of homes on sales rose faster than demand, according to fresh data. The average house price in the UK ticked up by 1.8 per cent in February versus 1.9 per cent in March, while the number of homes available rose 11 per cent year on [...]
Will the government’s £2bn affordable housing top-up make a difference?

March 25, 2025

The government has ploughed a ‘top-up’ investment of £2bn into the UK’s affordable housing sector as part of its pledge to revitalise residential construction. Officials say it will get working people and families into secure homes, while detractors say it doesn’t go far enough and might even be less money than the sector had anticipated. [...]
Retail sales plummet as trade fears and taxes weigh on confidence

March 25, 2025

Retail sales dropped in March and are expected to fall further as low confidence worsens a decade-long decline in retail. Sales volumes in the UK dropped “markedly” in the year to March, according to the CBI’s latest trading survey. It was the sharpest drop since last July and marks the sixth consecutive months of decline, [...]
Soft drinks sales pop at Irn-bru maker AG Barr and Fevertree

March 25, 2025

AG Barr and Fevertree have both reported a sales boost despite increased competition in the soft drinks market. AG Barr’s share price ticked up a marginal 0.1 per cent in early trades, while Fevertree’s share price rose more than six per cent. AG Barr, which owns brands Irn-bru, Rubicon, Boost and Funkin, told markets this [...]
Profit jumps at electrical retailer AO World

March 25, 2025

Profit has risen more than twice as fast as sales and far outstripped revenue growth at online electrical retailer AO World. The company told markets this morning that it expects retail revenue to increase by around 12 per cent in the 12 months to March 31. It expects like-for-like revenue to increase by around seven [...]
Kingfisher: French trading dampens performance of B&Q owner

March 25, 2025

Kingfisher, the parent company of B&Q and Screwfix, has reported a drop in sales driven by the weak consumer market in France. Sales fell 1.5 per cent to £12.78bn in the year ended January 31, Kingfisher told markets this morning. This drop was overwhelmingly driven by a 6.2 per cent drop in sales in France, [...]
Co-op invests further in lower prices as ‘trolley wars’ beckon

March 25, 2025

Co-op Group has invested millions in lower prices as all the grocers gear up to battle for value-seeking customers. The business, which is owned by its 5.5 million members, will invest more than £70m into matching prices with Aldi on 100 everyday essentials for its members. The move will take the co-operative’s investment into lowering [...]
Property and the Spring Statement: Is anything going to change?

March 24, 2025

Labour faces some tough choices with its Spring Statement: after increasing business taxes and public spending last autumn, the government now has to grapple with unhappy companies and a maxed-out credit card. The last budget was a mixed bag for the property market: there was widespread concern amongst landlords that the government would hike up [...]
Colliers label business rates bill ‘poorly thought out’ and ‘growth strangling’

March 24, 2025

Commercial real estate agents Colliers has said the Government’s business rates bill will strangle growth rather than succeeding in saving the high street. The Non-Domestic Rates Bill is currently on its third reading in the House of Lords before being sent back to the Commons. “The Government is rushing through Parliament new business rates legislation [...]

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By: Amber Murray

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