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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‘Poorly designed’ policies threatening London’s grip on global tourism

June 15, 2026

London’s competitiveness as a leading culture and tourism destination is being undermined by “poorly designed” policies, the West End’s leading business advocate has warned. Dee Corsi, chief executive of the New West End Company (NWEC), has said that London is “competing with one hand tied behind its back” compared to global rivals whose policymakers are [...]
Australian pharma giant Sigma quits Boots takeover talks

June 15, 2026

Australian pharmacy giant Sigma has walked away from talks over a £7.5bn private takeover of Boots, renewing hopes that the high street pharmacy could float in London. The Australian firm said on Monday that a deal with Boots would not meet its investment objectives, leaving just the billionaire Weston family in sales talks with the [...]
House price slump blamed on World Cup and heatwave

June 15, 2026

House prices made a surprise drop in June because Brits are too busy watching the World Cup to move home, Rightmove has said. The average UK house price dropped by 0.6 per cent to £376,191 this month, according to the property portal, marking the biggest June fall in 14 years. Rightmove said this “unusual” slump [...]
Mike Ashley’s Frasers makes £166m play for shoe firm Accent

June 15, 2026

Frasers Group has launched a £166m takeover bid of Australian shoe company Accent while calling for the removal of its chairman over “poor performance”. The fashion conglomerate has offered to buy all of the shares in Accent it does not already own for 65 Australian cents per share, valuing the offer at A$136m (£166m). This [...]
Flying at Heathrow will cost ‘significantly more’ due to third runway bid

June 12, 2026

Heathrow’s bid for a third runway will “significantly” push up the cost of flying from the UK’s biggest airport, a leading aviation expert has warned. The airport’s expansion will “inevitably” push up ticket fares because it is set to be allowed to hike the fees it charges to airports, Alton Aviation’s Ronan Murphy told City [...]
Nearly half of retail workers considering quitting over mental health

June 12, 2026

Nearly half of the UK’s millions of retail workers are considering quitting the sector over concerns for their mental health, as the majority report facing abuse at work. Retail is the sector in which the most workers (52 per cent) have faced verbal abuse in the past year, as 44 per cent mull quitting the [...]
Paddy Power owner Flutter quits London Stock Exchange in blow to City

June 12, 2026

The owner of Paddy Power has said it will ditch its listing on the London Stock Exchange, in another major blow to the UK market. Flutter, which owns gambling brands including Paddy Power and Betfair, shifted its primary listing to New York in 2024 and on Friday announced plans to ditch its secondary listing in [...]
As it happened: FTSE 100 rises as easing Iran tensions offset GDP blow; SpaceX set for blast off

June 12, 2026

Welcome back to the City AM liveblog. Global equity investors are bracing for Musk’s record-breaking market debut SpaceX is set to begin trading on Nasdaq today after Elon Musk’s rocket, satellite and AI empire pulled off the largest IPO in market history. The company raised $75bn after pricing shares at $135, giving it a $1.77 [...]
Hugo Boss shares soar as Mike Ashley’s Frasers circles

June 11, 2026

Hugo Boss shares have jumped following a €2bn takeover approach from Frasers, sending its share price above the offer tabled by Mike Ashley’s group. The German luxury brand said it is reviewing the “unsolicited” takeover attempt, which would offer €38 per share, totalling about €1.98bn and valuing the fashion house at €2.7bn. But the takeover [...]
Heathrow slams regulator plans to ‘take UK backwards’ by slashing investment

June 11, 2026

Heathrow has issued a scathing rebuttal of the regulator’s plans to crack down on the airport’s spending and expansion, warning that this risks “taking the UK backwards”. The UK’s largest airport said that the Civil Aviation Authority’s (CAA) “proposed cuts to our investment plans risk taking the UK backwards and weakening our competitiveness”. The CAA [...]

Oxford Street pedestrianisation brings ‘staggering’ shopping boost

Women’s football doesn’t need to become men’s football to succeed

The Capitalist: City AM reporter gets royal trashing by AI slop

By: Felix Armstrong

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