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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Ordnance Survey revenue jumps as map maker goes digital

August 4, 2026

Ordnance Survey has posted record revenue growth as the mapping agency takes the fight to Apple and Google with the “most detailed digital map of Britain to date”. The firm, which is Great Britain’s official mapping service, posted a 2.1 per cent jump in revenue to £199m in the year to March, driven by its [...]
Domino’s battles for slice of fried chicken market as revenue jumps

August 4, 2026

Domino’s has scored a World Cup boost from its bet on fried chicken, as the recovering pizza delivery chain looks to draw in new customers. The FTSE 250 pizza chain said the World Cup and its new ‘Chick’n’dip’ range drove a six per cent jump in revenue to £825m in the six months to June, [...]
FTSE 100 Segro agrees to £14bn takeover by Prologis

August 4, 2026

FTSE 100 property firm Segro has agreed to a £14bn takeover by Prologis, bringing an end to a long tussle between the two real estate giants and striking another blow to the London Stock Exchange. The US-based commercial landowner said on Tuesday that it has reached an agreement with Segro’s board which values the British [...]
As it happened: Oil prices tumble as Bessent says US-Iran deal imminent; miner stocks rally

August 4, 2026

Welcome back to the City AM FTSE 100 liveblog. The price of oil tumbled on Tuesday afternoon after a senior Trump ally said that a deal over control of the Strait of Hormuz could be agreed with Iran in the coming days. The price of Brent crude – the international benchmark for oil – tumbled [...]
Housebuilder shares rally on Iran war peace hopes and help-to-buy revival

August 3, 2026

Shares in leading London’s listed housebuilders jumped on Monday as investors bet a potential Iran war peace deal and a mooted new help-to-buy scheme would provide a boon to Britain’s flagging property market. FTSE-100-listed Persimmon jumped more than four per cent to 1,152 while mid-cap Vistry gained six per cent to 310p on Monday. Analysts [...]
Retailers hit back at Healey’s ‘profiteering’ threat

August 3, 2026

Retailers have hit back at the Chancellor’s warning against profiteering, saying they will prove they have fought hard to keep food prices down during the Iran war. Chancellor John Healey said at the weekend that the Treasury is prepared to crack down on any retailers which are taking Brits “for a ride” by using the [...]
Burnham urged to axe tourist tax expansion in devolution drive

August 3, 2026

A leading hospitality trade body has urged Andy Burnham to drop plans to expand the so-called “tourist tax” across the country as part of his devolution drive. UK Hospitality (UKH) has written a letter to the Prime Minister, seen by City AM, warning that the government’s overnight visitor levy would cost 33,000 jobs in the [...]
Can a team of retail veterans solve Argos’ catalogue of woes?

July 31, 2026

The death of the Argos catalogue in 2021 after nearly half a century prompted a period of mourning for many in Britain – including the retailer’s new owner. “I used to sit around the kitchen table putting green shield stamps into books,” Richard Pennycook said on Friday, referring to the original iteration of the catalogue. [...]
Rightmove: Housebuilders face worst conditions since financial crisis

July 31, 2026

The boss of property portal Rightmove has warned that UK housebuilders are facing the worst conditions since the 2008 financial crash. Johan Svanstrom, the FTSE 250 firm’s chief executive, said on Friday that new home developments are at “historically low levels due to continued softer build rates”. The property platform said growth in its new [...]
Sainsbury’s to sell Argos in £120m cut-price deal

July 31, 2026

Sainsbury’s has said it will sell long-struggling catalogue retailer Argos for £120m, a fraction of the £1.4bn it bought it for a decade ago. The supermarket giant has struck a deal with Swift Partners – a new company led by On the Beach chairman Richard Pennycook and former Morrisons boss Trevor Strain. Their takeover will [...]

Williams turns to AI to squeeze more from F1 cost cap

American Express tees up golf’s St Andrews as it expands its sports portfolio

City institution Simpson’s Tavern reborn as British restaurant

By: Felix Armstrong

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