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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House prices set to fall until 2028, with London hit hardest

November 4, 2026

House prices are not expected to recover from the UK’s property market slump until the second half of 2028, with London set to be the country’s worst-hit region. The average house price in the UK is set to fall by a further 1.5 per cent in 2027, according to new research from estate agency Savills, [...]
Asda’s turnaround king names heir to the throne

November 3, 2026

Allan Leighton was adamant. Just two months ago, Asda’s then-executive chairman insisted that his position as the sole leader of the discount grocer’s turnaround plans would not change any time soon. It had been rumoured that Asda was on the lookout for a chief executive to bolster its efforts to return to its heyday, but [...]
Investors urge Foxtons to face up to property market slump

November 3, 2026

Estate agency Foxtons has been urged by some of its biggest shareholders to face up to the UK’s struggling property market by pursuing consolidation and halting its dividend. The London-listed firm has faced opposition from its investors on several fronts in recent months, including share buybacks, political donations and takeovers of rival estate agencies. Foxtons [...]
Poundland owner ‘not acting in best interests’ of workers, says No10

November 3, 2026

Poundland owner Gordon Brothers is “not acting in the best interests” of the discount retailer’s staff and stores as it hurtles towards collapse, Downing Street has said. The Boston-based investment firm, which has faced intense criticism over its attempted sale of Poundland, must explain why it has rejected solvent offers to rescue the troubled retailer [...]
Asda hands reins to former Morrisons boss in turnaround push

November 3, 2026

Asda has named a former Morrisons boss as its new chief executive as the embattled grocer looks to accelerate its turnaround efforts. David Potts, who also spent four decades with Tesco, will take over the reins with immediate effect, prompting veteran boss Allan Leighton to step back into a non-executive chairman role two years after [...]
Hugo Boss outlook worsens after Mike Ashley’s Frasers takes control

November 3, 2026

Hugo Boss has cut its outlook for sales and profit in the face of weakening consumer demand, just days after Mike Ashley’s Frasers Group took control of the German fashion house. The luxury retailer had been expecting its performance to take a hit from its turnaround plan but told shareholders this has been worsened by [...]
Primark sales slip ahead of ABF exit in ‘challenging’ backdrop

November 3, 2026

Primark has seen its sales slip as its owner, Associated British Foods, races to shape up the fast-fashion retailer ahead of its exit from the group next year. Like-for-like sales at the retailer slipped by 2.6 per cent in the year to September, dragged down by “weak” consumer confidence and less advanced turnaround efforts in [...]
‘The government needs to take us seriously’: Pub landlords brew plans to bar MPs – again

November 3, 2026

Pub landlords across the country are poised to launch a fresh ban on hundreds of MPs after a campaign to cut VAT on hospitality fell on deaf ears in the House of Commons. Andy Lennox, who led a ban on Labour MPs following the surge in business rates bills caused by last year’s Budget, told [...]
City tourism boosted with £230m Farringdon hotel plans

November 3, 2026

Developers have unveiled plans for a new 350-room hotel in Farringdon, setting up a £230m joint venture to revamp the historic site. Dublin-based aparthotel operator Staycity, which owns the Wilde brand, has founded a partnership with Penta Real Estate to deliver the new project. The 11-storey site, which will offer apartment living and co-working areas, [...]
Can Marks & Spencer’s TikTok star help it ‘dump the frump’?

November 2, 2026

Marks & Spencer will face shareholders on Wednesday, with hopes of presenting a lift from its breakout social media star, Kathryn Turner, writes Felix Armstrong. Ditch the fake blood and vampire fangs: Britain’s viral Halloween costume this year featured a white shirt, a blue sweater vest and a blonde wig. Kathryn Turner, Marks & Spencer’s [...]

FTSE 100 Live: Stocks to gain; oil steadies as Democrats push to end Iran war

Where to eat in London on Beaujolais Day 2026

By: Felix Armstrong

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