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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Collective redundancy reforms could saddle firms with ‘perpetual’ bureaucracy

May 25, 2026

The government has been warned against law changes on collective redundancy which businesses say could swamp bosses in more costs and bureaucracy. As part of Labour’s Employment Rights Act, the government is set to require businesses to undertake a consultation of the entire firm whenever they make a certain number of redundancies. Under existing rules, [...]
Easyjet founder bets on World Cup in prediction markets pivot

May 25, 2026

The billionaire behind Easyjet is taking a punt on sports betting as he launches prediction markets ahead of the World Cup. Sir Stelios Haji-Ioannou, who founded the budget airline in 1995, launched his Easybet platform in 2024 and is now expanding into prediction markets, City AM can reveal. Betting is the latest spin-off for the [...]
Starmer urges TNT Sports to air Champions League final for free

May 23, 2026

Sir Keir Starmer has urged the broadcaster of the Champions League final to air the game for free next Saturday. The Prime Minister is attempting to prevent this year becoming the first in the Champion’s Leagues 34-year history in which the final is not free to watch for British fans. The match will be streamed [...]
Superdrug owner eyes up London float in $30bn dual listing

May 23, 2026

The owner of Superdrug is eyeing up a blockbuster London float as part of a $30bn dual listing later this year. AS Watson, which owns the health and beauty retailer, plans to raise about $2bn by listing its shares in both London and Hong Kong before the end of 2026. The Superdrug owner would join [...]
Brewdog founder James Watt launches ‘equity punk’ comeback

May 23, 2026

Brewdog founder James Watt has launched a comeback after the craft beer firm he co-founded collapsed earlier this year. Watt said on Friday he will launch Second Best, a new crowdfunded beer venture, in a bid to win back the “equity punks” who were left empty handed in Brewdog’s sale. The divisive entrepreneur said he [...]
‘Economic catastrophe’: Social media and welfare state ‘to blame’ for youth unemployment

May 23, 2026

Social media and the welfare state are pushing Britain towards an “economic catastrophe” over youth unemployment, a landmark government review has found. Smartphones have “rewired” the brains of young adults and left them trapped in unemployment, former health secretary Alan Milburn has found in an official report commissioned by Sir Keir Starmer. Labour ordered the [...]
EU rejected UK push for single market on goods

May 23, 2026

The EU rejected a UK proposal to set up a single market for the trade of goods because the UK refused to allow freedom of movement. Michael Ellam, Britain’s chief negotiator, proposed that the UK align with UK regulations to allow free trade with the bloc, but the idea was rebuffed by Brussels. The rebuttal [...]
Trainline boss pay hits the buffers after missing bonuses

May 22, 2026

Trainline boss Jody Ford has seen his pay packet go off the rails in what will likely be his last year in the job, almost halving to £2.5m. Chief executive Jody Ford’s total pay packet fell by 44 per cent from £4.5m in the firm’s 2026 financial year, after he and executive director Peter Wood [...]
Estée Lauder and Charlotte Tilbury owner walk away from merger talks

May 22, 2026

Cosmetics giant Estée Lauder has abandoned talks with the Spanish owner of Charlotte Tilbury over a merger which would have created a $40bn fashion powerhouse. Talks between the US cosmetics giant and Spanish beauty giant Puig ended on Thursday despite hopes that the merger could have helped both brands to compete with rival L’Oreal. Estée [...]
Morrisons blames Labour for closure of 100 lossmaking stores

May 22, 2026

Morrisons has taken aim at Labour policy for “significant cost increases” as it announced the closure of 100 lossmaking stores. The supermarket chain said on Thursday that it will close the 100 unprofitable Morrisons Daily convenience stores, in a move which could affect hundreds of jobs. Morrisons has faced steep debt costs following its £7bn [...]

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By: Felix Armstrong

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