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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King’s Speech to unleash wave of City reforms

April 26, 2026

A host of City of London reforms will be set in stone at next month’s King’s Speech, as the Prime Minister hopes to use the moment to turn a corner from doubts over his leadership. Impending reforms, including scrapping the payments watchdog and overhauling the financial ombudsman, are set to be legislated in the financial [...]
Economy could suffer for eight months after Iran war ends, minister says

April 26, 2026

Surging food and energy prices caused by the Iran war could last for more than eight months after the conflict ends, Starmer’s right-hand man has said. Higher petrol, food and plane ticket prices will persist for “eight-plus months” following the end of the conflict, chief secretary to the Prime Minister Darren Jones said. The minister [...]
WH Smith successor delays ‘aggressive’ restructuring which will shut stores

April 26, 2026

The private equity financiers who run nearly 500 former WH Smith stores have delayed announcing an “aggressive” restructuring which could force the closure of up to 100 stores. Modella Capital, the Mayfair equity firm which runs hundreds of the stationer’s former stores, has run into financial difficulties and was due to unveil rescue proposals last [...]
‘Waste of time’: Trump cancels envoys’ trips to Pakistan for Iran talks

April 26, 2026

Donald Trump has cancelled a trip by US envoys to Pakistan to hold more peace talks with Iran, shortly after Tehran’s delegation left Islamabad. The US President said special envoy Steve Witkoff and son-in-law Jared Kushner would be wasting “too much time” on the trip, accusing Iran’s delegation of “tremendous infighting and confusion”. The collapse [...]
Mondi shares slump over Iran war cost warning

April 24, 2026

Shares in paper and packaging giant Mondi have slumped after the firm revealed it is facing soaring costs as a result of the Iran war. The FTSE 100 firm saw its share price drop by more than six per cent in early trading, as it warned it has already faced higher energy, raw material and [...]
JD Sports boss quit after failed coup attempt

April 24, 2026

The chair of JD Sports quit earlier this week because he failed to convince its board to eject its chief executive, it has been revealed. Andy Higginson quit as chair of the FTSE 100 sportswear retailer on Wednesday, with his tenure set to complete after the firm’s annual meeting in July. He said he was [...]
Retail sales jump as motorists stock up on fuel

April 24, 2026

Retailers saw a much-needed sales boost in the last month as Brits rushed to stock up on fuel amid fears that the Iran war could choke global supplies. Total retail sales were up 0.7 per cent in March, compared to a 0.6 fall in February, as fuel sales rose sharply by more than six per [...]
Inflation fears push slump in demand for City offices

April 24, 2026

Demand for office space in the Square Mile slid in the first quarter of the year as investors stalled decision making following the outbreak of war in Iran. Office property demand fell by 23 per cent year on year in the City of London and 14 per cent in the capital as a whole in the [...]
‘How long can the pain continue?’ Consumer confidence falls again

April 23, 2026

Consumer confidence has fallen to its lowest level in more than two years, as fears grow that the UK economy could be ravaged by soaring inflation caused by the Iran war. A closely-watched survey conducted by research firm GfK found consumer confidence dropped by four points to -25 in April. The index is another warning [...]
Supermarkets pile pressure on government to cut energy costs

April 23, 2026

Supermarkets are calling on the government to cut taxes on energy to help retailers dodge looming food inflation, with Sainsbury’s, Tesco, M&S and Asda piling pressure on Labour. The boss of Sainsbury’s, the UK’s second-largest grocer, became the latest industry figure to call for the Treasury to step in. On Thursday, the supermarket said it [...]

Bezos calls taxing low-paid Amazon workers ‘absurd’

DR Congo: Fears Fifa World Cup could be Ebola superspreader event

Huge change to Tesco meal deal as Corona and Heineken added

By: Felix Armstrong

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