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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Mansion tax to hit 165,000 homeowners

April 3, 2026

The mansion tax is expected to hit 165,000 homeowners in its first year, more than the 120,000 that was previously thought. The levy will hit 45,000 more properties than had been initially forecast, according to the fiscal watchdog, and thousands could successfully appeal the tax. The mansion tax, introduced at last year’s Budget, will not [...]
M&S boss: Sadiq Khan is soft on crime

April 3, 2026

Marks and Spencer has hit out at the Mayor of London for being soft on crime, after crowds of young people have targeted London shops in the past week. Thinus Keeve, the supermarket’s retail director, has called on Sadiq Khan to crack down on violent disorder against retailers, after a Marks and Spencer (M&S) shop [...]
Miliband to bow to pressure on North Sea drilling

April 3, 2026

Energy secretary Ed Miliband is poised to bow to significant pressure to allow drilling in the North Sea to counter collapsing fuel supply chains and soaring energy costs. Miliband is planning to give the green light to the Jackdaw gasfield, which could supply gas to more than a million homes this winter. This would be [...]
Supermarket bosses meet Rachel Reeves amid dire food inflation warning

April 1, 2026

The bosses of some of the UK’s biggest supermarkets met Chancellor Rachel Reeves in emergency cost of living talks on Wednesday, amid warnings that food inflation could rise to double digits this year. Leading supermarkets including Tesco, Sainsbury’s and Morrisons attended Downing Street after efforts to gather industry bosses last week were abandoned amid concerns [...]
Hotel investment tops £1bn in bumper start to year

April 1, 2026

UK hotels attracted more than £1bn investment in the first quarter of this year, as the sector defies business rate rises and market uncertainty caused by the Iran war. Hotel investment volume surpassed £1.1bn in the first three months of the year, marking a 63 per cent increase on the £680m recorded in the same [...]
Matcha mayhem: Blank Street eyes $100m expansion

April 1, 2026

Blank Street coffee is reportedly in early talks to raise at least $100m in new funding as it eyes further expansion. The cafe chain, which has more than 50 shops in the UK, is known for its matcha drinks and has grown rapidly since it was founded in 2020. The business operates dozens of locations [...]
Rightmove accused of ‘bullying’ estate agents in £1.5bn legal battle

April 1, 2026

Property giant Rightmove has been accused of “bullying” its members into making payments, as hundreds of estate agents support a £1.5bn legal claim against the firm. The FTSE 100 company has been accused of charging excessive and unfair fees to the estate agents and new home developers that used its property listing portal as part [...]
Berkeley shares plummet as it ‘pulls up drawbridge’ and stops buying land

April 1, 2026

Shares in leading housebuilder Berkeley plummeted on Wednesday after it paused housebuilding to protect its balance sheet against an “unprecedented increase in cost and regulation”. The firm’s share price fell by more than 17 per cent shortly after markets opened, to a decade low, leaving the stock down 28 per cent this year at 2,832p. [...]
Two-thirds of hospitality firms to cut jobs as April tax rises ‘suffocate’ sector

April 1, 2026

Two-thirds of hospitality businesses will be forced to cut jobs and one in seven will shut altogether as a direct result of “suffocating” April tax rises, leading trade bodies have found. More than half (51 per cent) of hospitality firms will cancel investment plans and 42 per cent will reduce trading hours, according to a [...]
‘Unprecedented’ – Food inflation to soar to 9 per cent by end of year

April 1, 2026

Food inflation will soar from three to nine per cent by the end of this year due to the “unprecedented” energy and supply chain shocks caused by the Iran war, a leading association has warned. The rate of food price growth is currently at 3.3 per cent but will climb to nine per cent by [...]

Starmer to give Burnham access to government

Government is set to deal major blow to Big Tech’s moves into sports rights

Procter & Gamble axes relationship with Kremlin propaganda channel

By: Felix Armstrong

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