By: Felix Armstrong

Retail Reporter Felix Armstrong is City AM's retail reporter, covering retail, hospitality and property news. He has previously written for The Times, The Guardian, The Telegraph and The i Paper. Email Felix at Felix.Armstrong@cityam.com

All 306 Articles

Housing market ‘still in grip’ of Iran war slump

Property

The UK housing market is “still in the grip” of an Iran war slump as higher mortgage rates and inflation fears weigh on buyer and seller demand. Brits are still holding back on buying homes as average house prices slip further, a market survey by the Royal Institution of Chartered Surveyors (RICS) has revealed. The [...]
Labour ‘failing’ renters: Brits work for 133 days to pay landlords

Property

Today’s the day when Brits will finally stop working just to pay their landlords and start earning money for their own pockets, with 14 May the point in the year when the average tenant has brought in enough income to pay for a year’s accommodation. Known as the “cost of rent day”, it now arrives [...]
Tech firm behind in-store ads at Currys and Iceland goes bust

Retail

The firm that provides high street giants Currys and Iceland with in-store digital advertising has declared insolvency, City AM can reveal. Software company Stratacache announced its winding-up and appointed liquidators on Wednesday, according to insolvency filings. This comes only months after the US digital screen specialist partnered with budget supermarket giant Iceland to roll out [...]

Labour’s holiday tax ‘will make staycations more expensive’

May 13, 2026

A leading trade body has attacked the government’s plans to push through a so-called holiday tax, which it says will make Brits’ staycations more expensive. Labour unveiled an Overnight Visitor Levy Bill as part of the King’s Speech, which provides the legislative framework for mayors to be handed the power to impose a tourism tax [...]
Vistry shares plummet as housebuilder pauses buyback and warns on inflation

May 13, 2026

Shares in leading housebuilder Vistry have plummeted on Wednesday’s market open, after it warned of a “significant” profit hit and said the Iran war is spiking building costs. The housebuilding firm was the biggest faller on the FTSE 250 as its share price fell 11.5 per cent to 288p, leaving the stock down more than [...]
Intertek to bow to pressure on £10bn private equity takeover

May 13, 2026

FTSE 100 giant Intertek is poised to accept a £10bn takeover offer from a Swedish private equity firm after months of uncertainty, in what would be a huge blow to the London Stock Exchange. The testing and quality assurance firm said on Wednesday morning that it “would be minded” to recommend the latest offer from [...]
Government urged to accelerate review of ‘disruptive’ EV sales targets

May 13, 2026

A leading London-listed car dealership has called on the government to speed up its review of electric vehicle sales targets, which it said “disrupts” the car sales market. AIM-listed Vertu Motors has said the Zero Emission Vehicle (ZEV) mandate scheme is hitting its profits and “distorting” its volumes and margins. The scheme was brought in [...]
Burberry hopes for boost from its bet on British

May 13, 2026

Burberry approaches its crucial full-year results amid a drastic turnaround. Felix Armstrong unpacks what analysts and investors will be expecting from the FTSE 100 fashion house Is there anything more British than Olivia Colman serving fish and chips? The minds behind Burberry’s turnaround – and a recent ad campaign starring the actress – will be [...]
Heathrow, Gatwick revolt over Labour flight cancellation plans

May 12, 2026

Heathrow and Gatwick have urged the government to climb down from plans to allow airlines to scrap flights without notice – a move which could endanger the summer holidays of millions of Brits. The leading airports reportedly wrote to the government to oppose mooted plans to unwind “use it or lose it” rules to allow [...]
Nelson Peltz’s son calls for Intertek to engage with £10bn offer

May 12, 2026

Matt Peltz, the son of billionaire activist investor Nelson Peltz, has called on FTSE 100 testing firm Intertek to accept the latest £10bn offer by a Swedish private equity firm, as investors clash over whether the board should sell up. The buyout firm submitted its fourth offer on Tuesday morning, which valued shares at £60 [...]

Labour ‘failing’ renters: Brits work for 133 days to pay landlords

Ryder Cup captain Donald did not broker Rahm peace deal

Team behind BuzzBallz launch new shots – available in London off-licences now

By: Felix Armstrong

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