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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As it happened: FTSE 100 jumps in best streak since May; Vistry, Melrose lead risers

August 25, 2026

Welcome back to the City AM FTSE 100 liveblog. The blue-chip index jumped on Tuesday to extend its best winning streak since May. Melrose Industries led the FTSE 100 after the completion of a probe into a chemical incident in California, while Vistry gained 18 per cent on the FTSE 250 after winning cash in [...]
Burnham accused of ‘piecemeal’ business rates reform

August 24, 2026

Andy Burnham has been accused of taking a “piecemeal” approach to business rates instead of committing to Labour’s manifesto pledge to replace the tax system. The government has launched a review into how business rates bills are calculated for pubs and hotels, but industry bodies have urged the Prime Minister to commit to wholesale reform [...]
Morrisons pledges to slash prices as price war intensifies

August 24, 2026

Morrisons has pledged to match prices with its rivals on hundreds of products, as the debt-ridden grocer ramps up an emerging price war between UK supermarkets. The private-equity-owned supermarket has vowed that 500 of its “everyday essentials” will not be found cheaper at any of Tesco, Sainsbury’s, Asda, Aldi or Lidl. Britain’s supermarkets are fighting [...]
Poundland loss doubles as discount retailer nears sale

August 24, 2026

Poundland nearly doubled its loss amid a drastic downturn which pushed the discount retailer to post a “challenging set of numbers” last year. The retailer slumped to an £85.2m pre-tax loss in the year to September, nearly doubling the previous year’s £45.4m, its latest filings have revealed. This loss came in the run-up to Poundland’s [...]
Graduate jobs market slumps to new low

August 24, 2026

The UK’s ailing graduate jobs market has slumped to a record low as employment costs surge and firms turn to AI for entry-level roles. The number of graduate vacancies in Britain fell 45.6 per cent to 8,383 in the year to July, undercutting the previous low set in May, according to recruitment firm Adzuna. This [...]
As it happened: Stocks rally; US to unveil ‘economic D-Day’ Iran sanctions

August 24, 2026

Welcome back to the City AM liveblog. The FTSE 100 rallied on Monday afternoon following a brief slump in the early afternoon. Wier, Airtel Africa and Intercontinental Hotels Group led the index’s risers while Autotrader and Melrose Industries dragged on the index. The attention of investors is trained on the other side of the Atlantic, [...]
Can debt-ridden Morrisons become a Big Four supermarket again?

August 22, 2026

“Nothing but difficult” is how one retail analyst describes the road ahead for Morrisons boss Rami Batiéh. Since taking charge of the grocer in November 2023, the chief executive has faced an uphill battle, as the group – once a firm member of the UK’s ‘big four’ – is outpaced by its rivals. Batiéh, whose [...]
Mike Ashley’s Frasers offers to pay personal shoppers in Harvey Nichols takeover

August 20, 2026

Frasers Group has offered to secure the pay of personal shoppers and stylists at Harvey Nichols after Mike Ashley’s retail empire bought the luxury department store. The Sports Direct and Flannels owner will make “goodwill payments” to a number of personal shoppers and stylists who were left owing money when Harvey Nichols collapsed. Frasers snapped [...]
‘Alice in Wonderland’ workspace firm lands £129m Aberdeen-backed finance

August 20, 2026

A luxury workspace provider whose offices feature novelty themes like Alice in Wonderland and Monopoly has landed a £129m refinancing package. Office Space in Town (OSiT) has bagged a new debt package which includes around £72m in backing by leading asset manager Aberdeen, City AM has learned. OSiT operates 225,000 sq ft of flexible office [...]
Travelodge boss quits amid backlash over hotel sexual assault

August 20, 2026

Travelodge boss Jo Boydell has quit as the budget hotel brand pursues an overhaul of its safety measures following a sexual assault at one of its sites. The group said on Thursday that Boydell will depart with immediate effect after 13 years in the role, thanking the chief executive for her “dedication” to the group. [...]

New Mandelson files to be released ‘by Christmas’

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By: Felix Armstrong

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