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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Brits buy 50m Aldi mince pies as budget grocer hails ‘best Christmas ever’

January 6, 2025

Aldi has recorded its best festive season ever in 2024, with sales topping £1.6bn in the month before Christmas. Sales at the grocer grew 3.4 per cent year on year, while its seasonal offering rose 10 per cent and its premium range jumped by 12 per cent compared to 2023. Aldi UK’s chief executive officer, [...]
Over 200,000 retail jobs to go in 2025 as ‘permacrisis’ takes hold

December 30, 2024

Over 200,000 retail jobs are set to disappear next year, along with over 17,000 stores, as the sector’s decade-long crisis continues, according to a top retail body. Online shopping, a Covid-19 hangover and high taxes are compounding a problem that began with the financial crisis in 2008, according to the Centre for Retail Research (CRR). [...]
Why ‘Sunshine Saturday’ has travel operators crossing their fingers

December 30, 2024

Black Friday’s travel-focused cousin, Sunshine Saturday, is set to fall on 4 January in 2025. Occuring on the first Saturday of every new year, Sunshine Saturday is the day most people book their holiday getaways for the year ahead. With Heathrow Airport set to cap off its busiest-ever year with two record months and Virgin Atlantic [...]
Hiring frenzy at London law firms as ‘apex predator’ disrupts market

December 30, 2024

Partners at London law firms are switching companies at record pace as a surge of investment by American rivals ramps up competition for talent. According to data provided by legal recruiter, Edwards Gibson, there were 546 partner moves recorded over 2024. This figure is up seven from 510 moves in 2023, and up 14 per [...]
Unaffordable London house prices push first-time buyers to the north

December 30, 2024

House prices across the UK have shown signs of rebalancing as prices come down in the capital and jump in the North West and Yorkshire. London has a house price to earnings ratio of 8.22, making it one of the least affordable places to live in the country, against a national ratio of 6.55. Seven [...]
Relief for Reeves as business outlook brightens for new year

December 30, 2024

UK businesses have defied the negative sentiment which has defined the latter part of the year and predicted an upswing in 2025. More UK businesses are expecting a stronger start to 2025 than they did entering 2024, new research from Lloyds Business Barometer has found. Seven in ten UK businesses expect to see their turnover [...]
Super prime London flats in 2025: Spas, bars and grocery picking

December 30, 2024

Super-prime apartments are set to get even more swanky next year, as a host of new London developments come complete with hotel-esque amenities like spas, bars, music rooms and co-working spaces. With London’s priciest district coming in at nearly 96 times the average price of a home in the north of England (Knightsbridge, at £21.4m), [...]
Grab the popcorn: Retail’s five most dramatic stories this year

December 27, 2024

From Boohoo’s boardroom dramas to The Body Shop’s salvation in the nick of time, 2024 has been a big year in retail. City AM counts down its top five retail dramas this year (spoiler alert: Mike Ashley is at the centre of two of them). Asda tumbles down the supermarket charts Asda has faced a [...]
Caution persists in London’s prime property market after Budget hit

December 27, 2024

A tense political and economic environment has left buyers of prime property cautious in the last few months of the year, with prices dipping in central London. House prices in Knightsbridge and Belgravia fell by two per cent and 1.5 per cent, respectively, while prices fell 0.8 per cent across the capital as a whole, [...]
Luxury brands like Burberry set for a rebound – but bosses are still pessimistic

December 26, 2024

It’s high-time for some good news in the luxury sector, with analysts predicting the industry may finally be approaching the bottom of its two-year downturn. With opportunities in the United States and China “not getting any worse”, analysts have predicted five to six per cent revenue growth in 2025 across the sector. Most remarkable of [...]

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What’s on in London in May

By: Amber Murray

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