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

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Pubs to pour five million extra pints during England v Norway World Cup clash

Hospitality

Pubs are set to score their biggest boost yet for the World Cup when they pour more than five million extra pints during England’s game against Norway this Saturday. As many as 5.5m more pints will be served to thirsty England fans while the Three Lions face off in the quarter final in Miami, bringing [...]
Hugo Boss urges investors to reject £1.7bn bid from Mike Ashley’s Frasers

Retail

Hugo Boss has urged its investors to reject the “inadequate” £1.7bn takeover tabled by Mike Ashley’s Frasers Group. The retail giant behind Sports Direct and House of Fraser currently owns around 26 per cent of Hugo Boss but launched a move to take full control last month. The FTSE 250 group, which was founded by [...]
Rolls-Royce shares rise as Burnham pledges investment in British defence

Politics

Shares in London-listed defence firms including Rolls-Royce and Babcock rose on Thursday morning after Prime Minister-to-be Andy Burnham pledged to drive investment into Britain’s defence industry. The Makerfield MP said strengthening Britain’s defence will be his “first priority” if he enters Number 10 – as he is expected to later this month – but insisted [...]

Prologis ramps up pressure on FTSE 100 property giant Segro

July 9, 2026

US real estate giant Prologis has called on shareholders in FTSE 100 rival Segro to engage with its £12.6bn takeover bid, arguing the deal offers a “substantial upfront premium” and access to a larger global footprint of data centres. Prologis, a real estate investment trust (REIT) based in San Francisco, claimed that “constructive engagement… remains [...]
Workspace urges investors to block ‘destructive’ Saba proposals

July 9, 2026

Flexible office provider Workspace has called on investors to block “destructive” attempts by notorious activist investor Saba to force a sell-off of its properties. The FTSE 250 firm issued a plea to shareholders on Thursday urging them to vote against each of the proposals submitted by the New York-based hedge fund to its annual general [...]
Vistry angers market with £30m loss as new boss faces turbulent start

July 8, 2026

Vistry has attracted the ire of shareholders and analysts after it revealed a £30m first-half loss, as the firm stutters under its new chief executive. The FTSE 250 housebuilder delivered an unscheduled update to shareholders this morning, revealing that chief financial officer Tim Lawlor will quit in October after being headhunted by a “large privately-owned [...]
Tesco ‘in talks’ to exit eastern Europe

July 8, 2026

Tesco is reportedly considering cutting loose its business in central and eastern Europe in a move to end its expansion outside of the UK and Ireland. The supermarket giant has hired bankers to explore the possibility of a sale of its operations in Hungary, the Czech Republic and Slovakia, according to the Financial Times. A [...]
FTSE 100 property firm slams ‘opportunistic, one-sided, inadequate’ takeover offer

July 8, 2026

Real estate investment trust Segro has issued a strongly-worded rebuttal of the £12.6bn takeover bid tabled by its US rival. In a scathing updated to investors, the FTSE 100 property firm branded Prologis’s offer “opportunistic, one-sided and inadequate”, after the American investment behemoth proposed combining the two companies into a mammoth investment trust last month. [...]
Jet2 handed £400m boost from Iran war jet fuel spike

July 8, 2026

Jet2 recorded a £400m boost from the rising price of jet fuel which caused widespread fear that summer holidays could be cancelled and airlines could go bust. The package holiday provider revealed that it defied the travel chaos caused by the Middle East conflict to instead take a £388m balance sheet boost from rising jet [...]
Terry Smith dubs weight-loss giant Novo Nordisk ‘investment disaster’

July 7, 2026

Star stockpicker Terry Smith has dubbed weight-loss giant Novo Nordisk an “investment disaster” less than two years after he dumped his entire Diageo stake over fears that GLP-1 users would ditch alcohol. The veteran investment manager, who runs the Fundsmith Equity fund, has said that he regrets his investment in the Danish pharmaceutical firm. “Novo [...]

Bolt eyes former Zipcar customers with London car-sharing push

Miami heat: Why climate could be key in 40C England v Norway World Cup quarter-final

I was on the Goodyear blimp above London – here’s what it was like

By: Felix Armstrong

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