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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All 521 Articles

Wetherspoon shares dive as pub chain warns on profit again

July 22, 2026

JD Wetherspoon shares slumped after it issued its fourth profit warning this year, as the pub chain grapples with surging food and energy costs and a rising business rates bill. Tim Martin, founder and chairman of the UK’s best-known pub chain, said: “Profits for the year are likely to be below market expectations, with marginally [...]
As it happened: Stocks rise but oil tops $95; inflation eases

July 22, 2026

Welcome back to the City AM FTSE 100 liveblog. It’s Wednesday and new Chancellor John Healey secured an early boost after the Office for National Statistics (ONS) revealed that inflation slowed in June. Headline CPI inflation dipped from 2.8 per cent in May to 2.6 per cent in June. Grant Fitzner, chief economist at the [...]
Prologis pursuit of Segro descends into silver-haired scrap

July 22, 2026

Prologis’s attempt to take over Segro has descended into a spat over the age of its chief executives as the US firm looks to convince the FTSE 100 company’s shareholders to accept its offer, City AM can reveal. New York-listed Prologis, the world’s largest listed real estate company, has warned Segro’s investors that 65-year-old boss [...]
Housebuilders urge Rayner to ‘hit the ground running’ and rip up planning red tape

July 22, 2026

Housebuilders have called on Angela Rayner to “hit the ground running” and rip up planning red tape after her surprise comeback as housing secretary. Rayner resigned as housing secretary in September over an investigation into her tax affairs but was cleared of wrongdoing in March this year. Leading housebuilding figures told City AM they welcomed [...]
Mike Ashley’s Frasers ups stake in Hugo Boss as takeover pressure mounts

July 21, 2026

Frasers Group has pushed its stake in Hugo Boss above the threshold forcing it to make an offer for the whole firm, piling pressure on the German fashion house to accept its £1.7bn bid. The fashion group, which owns Sports Direct and Flannels, said on Tuesday that it had bought 2.5m new shares in Hugo [...]
As it happened: Stocks rally as defence shares surge on John Healey as Chancellor

July 21, 2026

Welcome back to the City AM FTSE 100 liveblog. It’s Tuesday and the markets have been adjusting to the first full day of Andy Burnham’s Labour government. Burnham shocked Westminster and the City on Monday evening when he appointed John Healey as his Chancellor, just weeks after he had resigned in protest as defence secretary. [...]
Tate & Lyle faces shareholder revolt over executive pay

July 21, 2026

London Stock Exchange stalwart Tate & Lyle faces an investor revolt over its chief executive’s salary after failing to address shareholder concerns about its executive-level pay. The FTSE 250 ingredients firm could be overruled by its investors at its annual general meeting (AGM) on Wednesday after coming under pressure from a leading shareholder advisory firm. [...]
Warehouse tax could threaten high street businesses, Burnham warned

July 20, 2026

Andy Burnham‘s plans to hike taxes on warehouses to pay for business rates cuts for pubs and shops could backfire and raise costs for high street businesses, industry figures have warned. The UK Warehousing Association (UKWA), a trade body representing retailers including Amazon, Co-op and John Lewis, has written to the new Prime Minister urging [...]
FTSE 100 property giants urge Burnham to unleash London office construction

July 20, 2026

London’s leading property giants have urged Andy Burnham to unleash a wave of new office construction in the capital to boost the UK’s stagnant productivity and sluggish growth. The London Property Alliance (LPA), which represents the capital’s 300 biggest property developers and investors, has written to the incoming Prime Minister urging him to designate central [...]
Modella-owned Hobbycraft survives restructuring

July 20, 2026

Hobbycraft has survived a restructuring led by its new owner, divisive high street private equity firm Modella Capital. The UK’s largest craft retailer has completed its 13-month company voluntary arrangement (CVA) ahead of schedule, reporting a jump in online users. The company’s emergence from its restructuring defies recent gloom around Modella’s swoops on other high [...]

BT Openreach told to pull ‘unfair’ broadband discount

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Why the Bank of England museum is a one-of-a-kind

By: Felix Armstrong

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