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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Regeneration of iconic east London Gasworks gets green light

March 17, 2025

The redevelopment of Bromley-by-Bow gasworks, set to create more than 2,000 homes, has been given the go ahead by Newham council. Berkeley Group company St William, in collaboration with Historic England, will invest millions in turning the 23-acre brownfield site into a multi-use residential and public space. St William’s managing director, Dean Summers, called it [...]
Asos shares plunge as investors lose confidence

March 17, 2025

Asos shares have slumped more than eight per cent in early deals this morning, extending losses recorded over the past few months as investors have lost confidence in the retailer’s turnaround plan. The e-commerce firm’s share price has dropped by a third in the last month and has fallen by half since the start of [...]
UK housing market returned to growth in 2024

March 17, 2025

The value of the UK housing market returned to growth last year after mortgage rates dropped and affordability constraints eased. According to Savills, the total value of the UK housing market expanded by 6.3 per cent in 2024 to £379bn. The increase in spending on housebuying was fuelled by first-time buyers, who collectively increased their [...]
Central London’s office market outperforms New York and Hong Kong

March 17, 2025

London’s office market has outperformed global peers after a fall in availability of new stock pushed prices to record highs last year. The City of London and the West End achieved prime rental growth of 11.6 per cent and 9 per cent last year, respectively, helped by a city-wide vacancy rate of 6.6 per cent. [...]
Asda: ‘It’s going to take time to rebuild’ says new boss

March 14, 2025

UK supermarket giant Asda has dominated headlines for the last year for a host of different reasons: turmoil at the top, declining market share and issues with a significant IT upgrade. The grocer’s market share fell 5.8 per cent between December 2023 and 2024, while the market share of all other major UK supermarkets grew. [...]
Asda: ‘We know what we need to do’ after sales disappoint again

March 14, 2025

Sales and revenue at Asda dropped last year, as expected, but the supermarket said it has begun to deliver on its turnaround plan. Like-for-like sales at the supermarket giant fell by 3.4 per cent year on year, while revenue dipped 0.8 per cent to £21.7bn. The TDR-owned supermarket struggled last year with a declining market share [...]
Berkeley warns planning reform won’t solve overregulation of housebuilding

March 14, 2025

Housebuilder Berkeley has warned that continued incremental regulatory changes will continue to place significant pressure on the delivery of new homes, despite the recently-announced planning reforms. Regulation on the construction of homes has increased recently, particularly in light of the Grenfell tragedy. The Building Safety regulator, which sets out rules to protect the design and [...]
Iconic cinema in Chelsea put on the market

March 13, 2025

An iconic Grade II ex-cinema in Chelsea has been put on the market, with potential to turn it into a hotel, housing or a member’s club. The closure of the cinema, which Hugh Grant called “strangely unbearable”, sparked headlines last year. The site, which originally opened in 1930 as the Forum Theatre, became the 26th [...]
Trump tariff war set to send cost of Guinness soaring

March 13, 2025

Donald Trump’s trade war is set to send the price of Guinness soaring to new highs, a financial expert has warned. Trump’s stand-off with Mexico and Canada, now followed by tariffs on Britain and the EU, is having a knock-on effect that might hit drinkers in the pocket. The price of a pint of Guinness [...]
Savills: Shares continue month-long slide despite strong results

March 13, 2025

Savills has reported a huge uptick in profit, although its investment management arm suffered last year on high interest rates. The FTSE 250-listed firm told the market this morning that revenue increased by seven per cent in the year ended December 31, reaching £2.4bn from £2.24bn in 2023. Underlying profit before tax rose 38 per cent [...]

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By: Amber Murray

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