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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Budget 2026: Consumer confidence tumbles as Healey urged to slow ‘tsunami of costs’

Retail

John Healey has been urged to tackle the “tsunami of costs” facing firms as consumer confidence tumbled ahead of the crucial Budget next week. Brits’ confidence in the state of the economy worsened from -32 to -40 in October, according to the British Retail Consortium (BRC)’s index, marking the third consecutive month of deteriorating sentiment. [...]
Halfords shares hit speedbump despite accelerating sales

Retail

Halfords’ share price recovery is facing a bump in the road after warnings of a softer second half overshadowed a boost in sales. Shares in the motoring retailer fell as much as eight per cent to 256p on Wednesday morning, putting the brakes on the stock’s gradual recovery in recent months. Halfords posted seven per [...]
House prices ‘grind to a halt’ as London prime property hit

Property

House prices in London’s most sought-after areas continued to plummet in August as confidence across the country’s housing market slumped on the back of rising mortgage rates brought on by the Iran war. Areas at the centre of the capital’s prime property market shed value in August as house prices across the capital slipped by [...]

FTSE 100 landowner pulls £1.5bn London shopping centre plans in row with Green council

October 21, 2026

A FTSE 100-listed landowner has shelved plans for a £1.5bn shopping centre project in South London after a local Green-run council refused to co-operate with the plans. Property giant Landsec, which owns Lewisham Shopping Centre, said it is “deprioritising” its plans to redevelop the site following a row with the local authority over affordable housing. [...]
Domino’s Pizza loses pace after World Cup rush

October 21, 2026

Sales growth at Domino’s Pizza has slowed in recent months, as the takeaway giant struggled to extend the boost in takings it enjoyed during the World Cup this summer. The London-listed firm posted sales growth of 2.3 per cent in the three months to the end of September, slowed from 5.2 and 4.5 per cent [...]
Warehouse tax ‘dropped over fears of Trump trade war’

October 21, 2026

Andy Burnham’s plans for a so-called ‘warehouse tax’ were dropped over fears a raid on US firms like Amazon could spark a trade war with Donald Trump, a top industry body has claimed. The Prime Minister, during his campaign to become Makerfield MP, pledged to hike business rates on “out of town” warehouses to fund [...]
Amazon pledges 30,000 jobs for Neets ahead of Budget

October 21, 2026

Amazon has pledged to create 30,000 entry-level roles for young people by the end of the decade, in the latest sign of firms rowing in behind the government’s effort to tackle the youth unemployment crisis. The tech and retail giant has announced its “Youth Promise” programme amid growing concerns about youth joblessness and the number [...]
Iceland eyes Poundland stores as buyers circle budget retailer

October 20, 2026

Iceland is interested in buying a limited number of Poundland stores in the event the troubled retailer’s owners cannot find a single buyer, City AM can reveal. The discount supermarket will be on the lookout for a small number of shops if Poundland’s 600-store estate ends up being split apart, sources said. Iceland, which specialises [...]
Greene King boss: Pub industry ‘reaching breaking point’

October 20, 2026

The finance boss of Greene King has warned that soaring taxes and employment costs have pushed the UK’s hospitality industry to “breaking point”. Jonathan Fearn, finance chief of the privately-owned pub chain, said decisions taken by the Labour government have “created a cocktail of costs, which have made it ever harder for a pub to [...]
Mike Ashley’s Frasers loosens grip on Burberry

October 20, 2026

Mike Ashley’s Frasers Group has loosened its grip on Burberry, despite ramping up its pursuit of high-fashion names. The retail giant, which owns Sports Direct and Flannels, had built up a position in Burberry over recent weeks but has now faltered in its pursuit of the group. Frasers Group had increased its position in Burberry [...]

Budget 2026: Consumer confidence tumbles as Healey urged to slow ‘tsunami of costs’

Manchester City must face justice for sake of Premier League and Uefa, says Tebas

Paper Tiger review: Adam Driver and Miles Teller star in gritty gangster thriller

By: Felix Armstrong

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