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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HSBC to lose £17m in Brewdog collapse

September 18, 2026

HSBC is set to lose out on more than £17m as part of the administration of Brewdog, the craft beer firm which was sold to a US cannabis group earlier this year. The bank is set to suffer a shortfall of £16.8m from its debts to the collapsed brewer while its Equipment Finance arm is [...]
Next boss Wolfson tells Healey: ‘You can’t spend your way out of a crisis’

September 17, 2026

Lord Wolfson, Next’s chief executive, has urged Chancellor John Healey to cut spending at next month’s Budget, warning, “you can’t spend your way out of a funding crisis”. The retail boss has urged the government to clamp down on spending, avoid further tax hikes and slash planning red tape to boost economic growth. He told [...]
‘We prefer the US’: Revolut’s Storonksy confirms plan for dual US-UK listing

September 17, 2026

Revolut founder Nik Storonsky has confirmed that the bank is exploring a dual listing in New York and London, adding that he “prefers” the US market. The chief executive of the UK’s biggest fintech said he could not afford to miss out on a US listing, because the American market offers better upsides than London, [...]
Next lifts profit targets but sounds alarm on ‘vicious circle’ of high tax and low growth

September 17, 2026

Next has lifted its profit target again following “much better” than expected trading in the first half of the year as the retailer was spurred on by booming international sales and record summer temperatures. The FTSE 100 retail giant saw sales across its group jump by nine per cent in the six months to July, [...]
As it happened: FTSE 100 soars after Bank of England holds interest rates

September 17, 2026

Welcome back to City AM‘s FTSE 100 liveblog. Investors responded positively to the Bank of England’s widely tipped decision to leave interest rates unchanged at 3.75 per cent on Thursday. Bank of England Governor Andrew Bailey said that volatile energy prices caused by the Iran war will push inflation up further than its current 3.1 [...]
Marks and Spencer shares slide as investors brace for inflation hit

September 16, 2026

Shares in Marks and Spencer have taken a dip as investors fear that rising inflation will push shoppers away from the upmarket grocer and towards its budget rivals. FTSE-100-listed M&S, whose food arm accounts for more than half of its revenue, dropped as much as four per cent on Wednesday to 357p. The share price [...]
Burnham warns of ‘challenging’ Budget and hits back at ‘socialists with TikTok’ jibe

September 16, 2026

Andy Burnham has warned Brits to expect a “challenging” Budget as he hit back at his former adviser for accusing him of being a “socialist with better TikToks”. Burnham’s comments will be interpreted as an indication that tax hikes will likely form part of October’s Budget, as his pledge to give households “breathing space” on [...]
Mike Ashley tightens grip on Hugo Boss as son-in-law made chair

September 16, 2026

Mike Ashley has tightened his grip on Hugo Boss after his son-in-law, the boss of Frasers Group, was made chairman of the German fashion house. Frasers, which Ashley founded as Sports Direct, has been vying for control of Hugo Boss for months, resulting in him toppling the chairman of its supervisory board, Stefan Sturm, earlier [...]
Morrisons sales rise as debt-ridden grocer cuts costs

September 16, 2026

Morrisons has toasted faster sales growth as the private-equity-owned grocer nears £1bn in savings as it races to trim its huge debt pile. The grocer saw like-for-like sales jump by 3.2 per cent to £1.4bn in the three months to the end of July, as its chief executive attributed this “stronger sales momentum” to the [...]
Gambling giant blames job cuts on Burnham high street crackdown

September 16, 2026

Ladbrokes owner Entain has hit out at Andy Burnham’s plans to shake up the high street as the gambling giant blamed the Prime Minister for its decision to cut 400 jobs. The group, which also owns Coral, has announced that it will cut about a fifth of the headcount of its global customer care team, [...]

Costa Coffee hails ‘strong progress’ after Coca-Cola scraps sale

You’re sued and you know you are: New law puts onus on clubs to prevent player abuse

Is Soho nightlife really dead? We went partying to find out

By: Felix Armstrong

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