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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Over half of house moves fall through after an offer is accepted – costing £2bn per year

May 21, 2026

More than half of UK house moves fall through after an offer has been accepted, costing the UK £2bn every year in wasted time and fees. Failed house moves could cost the economy £1.97bn per year because around 1.2m residential transactions occur each year and the average fall-through costs buyers and sellers £2,830 in legal [...]
House prices slump again in London’s wealthiest areas

May 20, 2026

London house prices fell again in March, as the capital’s wealthiest areas continued to see significant drop-offs in house values. House prices in London fell by 2.1 per cent in the year to March, though this drop was slightly softer than the 3.1 per cent in the year to February, according to the Office for [...]
British Land: Return to office debate is over

May 20, 2026

British Land has declared the debate over returning to the office “over,” as it prepares to capitalise on constrained supply and a “wave of demand” for commercial property from AI firms. The FTSE 100 property developer saw its profit before tax jump by 32 per cent to £450m in the year to March, as the [...]
M&S boss says supermarket price caps ‘completely preposterous’

May 20, 2026

The boss of M&S has dubbed government proposals to urge supermarkets to cap the prices of foods as “completely preposterous”. Stuart Machin, chief executive of the retail giant, called on the government to cut red tape and taxes on grocers instead of pressuring supermarkets to cut prices. The Treasury has reportedly been asking supermarkets to [...]
M&S profit slumps in fallout from cyber attack

May 20, 2026

Marks & Spencer saw its profit slump by a quarter as the retailer took more than a £100m hit from its “traumatic” cyber attack last year. The FTSE 100 supermarket and clothing business saw pre-tax profit fall by 29 per cent to £365m in the year to March, despite sales growing by 25 per cent [...]
John Lewis, Debenhams censored over Black Friday ads

May 20, 2026

John Lewis, Debenhams and Boots have been censored over “misleading” Black Friday ads after being accused of overstating the discounts on offer to shoppers. The three retail giants have had their adverts banned by the Advertising Standards Authority (ASA), which monitors ads using an AI-powered tool. The watchdog has been cracking down on retailers’ pricing claims [...]
City analysts brand SNP food price cap ‘hair brained’

May 19, 2026

Top city analysts have slammed the SNP’s pledge to cap food prices as “hair brained,” as the party’s leader refuses to walk back from the policy. City broker Shore Capital said the SNP’s proposals to cap the prices of some foods would risk diminishing choice, hampering investment in Scotland’s food industry and could even threaten [...]
Black Sheep Coffee founder: ‘The Square Mile is a magical place’

May 19, 2026

Black Sheep Coffee was founded in the Square Mile but has now expanded across the world. Its co-founder tells Felix Armstrong about his roots in the City Gabriel Shohet is a company man. The Black Sheep Coffee founder enters the meeting room at the coffee chain’s Southwark offices clad in a branded hoodie, with a [...]
Cranswick: Pig farmer pivots to bite-sized falafels as Brits embrace weight loss trend

May 19, 2026

A food conglomerate founded by pig farmers has been rewarded by its expansion into share-sized Mediterranean foods as weight-loss jabs and health kicks surge in popularity. Cranswick was established by a group of Yorkshire pig farmers in 1972, but has since expanded into falafel and houmous with its acquisitions of Mediterranean food brands like Ramona’s [...]
‘Downright offensive’: Southwark council slammed for blocking 900 homes

May 19, 2026

Southwark council has been blasted for celebrating the blocking of an 867-home development on the site of a Peckham shopping centre. The local authority hailed a “great day for Peckham” after housebuilder Berkeley failed to overturn a ruling against the development, which would have delivered retail, leisure and commercial space alongside the hundreds of homes. [...]

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By: Felix Armstrong

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