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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Retail sales plummet as Iran war hits consumer confidence

May 22, 2026

Retail sales plummeted by 1.3 per cent in April, as Brits cut back on spending amid increasing pressure from the war in Iran. The huge fall in retail sales volumes in April was the largest since May last year and defied economists’ forecasts of a softer drop. This comes after a 0.6 per cent rise in [...]
Reeves food tariffs policy will ‘barely touch the sides’ on supermarket prices

May 21, 2026

Food manufacturers and retailers have slammed Rachel Reeves’ cost of living measures, claiming the government’s loosening of food tariffs will do little to help supermarkets to cut prices. The Chancellor urged supermarkets to pass on savings from the stripped tariffs to shoppers “in full,” but retailers fear this measure will “barely touch the sides,” City [...]
‘Economically reckless’ – Streeting calls for wealth tax ‘that works’ in pitch for leadership

May 21, 2026

Wes Streeting has called for a “wealth tax that works” as the former health secretary sets out his stall ahead of an expected Labour leadership contest later this year. Streeting resigned from the cabinet earlier this month and has confirmed that he would stand in a contest to oust Sir Keir Starmer, though he has [...]
The Works shares soar as families look for ‘screen-free’ fun

May 21, 2026

Shares in The Works soared on Thursday morning after the retailer said growing demand for “screen-free” entertainment is driving up revenue. The Aim-listed stock jumped 11 per cent on early trading, to 60p, after it reported revenue growth of more than three per cent to £260m in the year to May. The retailer saw like-for-like [...]
Tate & Lyle admits ‘disappointing year’ as US buyer circles

May 21, 2026

Tate & Lyle has seen profit and revenue slip in what the ingredients firm described as a “disappointing year” marked by muted demand, as a US buyer circles. The FTSE 250 company saw revenue slip by three per cent to £2bn as profit before tax fell by 10 per cent to £238m in the year [...]
Next faces shareholder pressure over worker pay

May 21, 2026

Shareholders in Next are set to put pressure on the retail giant to take action on its “reliance” on low-paid labour. At Next’s annual general meeting on Thursday, a group of investors will call on the retailer to take further action on worker pay and adopt the “real living wage” for all employees. But the [...]
Over half of house moves fall through after an offer is accepted – costing £2bn per year

May 21, 2026

More than half of UK house moves fall through after an offer has been accepted, costing the UK £2bn every year in wasted time and fees. Failed house moves could cost the economy £1.97bn per year because around 1.2m residential transactions occur each year and the average fall-through costs buyers and sellers £2,830 in legal [...]
House prices slump again in London’s wealthiest areas

May 20, 2026

London house prices fell again in March, as the capital’s wealthiest areas continued to see significant drop-offs in house values. House prices in London fell by 2.1 per cent in the year to March, though this drop was slightly softer than the 3.1 per cent in the year to February, according to the Office for [...]
British Land: Return to office debate is over

May 20, 2026

British Land has declared the debate over returning to the office “over,” as it prepares to capitalise on constrained supply and a “wave of demand” for commercial property from AI firms. The FTSE 100 property developer saw its profit before tax jump by 32 per cent to £450m in the year to March, as the [...]
M&S boss says supermarket price caps ‘completely preposterous’

May 20, 2026

The boss of M&S has dubbed government proposals to urge supermarkets to cap the prices of foods as “completely preposterous”. Stuart Machin, chief executive of the retail giant, called on the government to cut red tape and taxes on grocers instead of pressuring supermarkets to cut prices. The Treasury has reportedly been asking supermarkets to [...]

Nvidia shares set to slide as spy scandal threatens AI recovery

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

Tamdhu: The scotch whisky taking on Macallan

By: Felix Armstrong

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