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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London-listed firm cheers surge in demand for ‘dog wash machines’

July 13, 2026

Europe’s biggest photobooth operator has expanded into user-operated dog washing machines in a bid to recover from an Iran war hit to profit. ME Group, which operates laundry machines and photo booths across the UK and Europe, said it is rolling out hundreds of dog wash machines in a bid to drive growth. The FTSE [...]
Associated British Foods rises to bread battle with Warburtons

July 12, 2026

Associated British Foods is taking on bread giant Warburtons with its Hovis merger. Could this be the biggest thing since sliced bread for the FTSE 100 giant? One of the London Stock Exchange’s biggest stalwarts is ditching the wardrobe and betting on the bread bin. Associated British Foods (ABF), which has been listed on the [...]
UK economy tipped to stall as Iran war chokes growth

July 12, 2026

The UK’s economy is expected to stall another month as the Iran war continues to choke growth and some industries face slowing output. Gross domestic product (GDP) is expected to have slipped again by 0.1 per cent in May, according to some economists. The UK’s growth update, delivered by the Office for National Statistics (ONS) [...]
Reeves: Burnham will face ‘shocks and challenges’ as Prime Minister

July 12, 2026

Rachel Reeves has warned Andy Burnham that he will face “shocks and challenges” as he takes the reins as Prime Minister and will need a “worked through plan” to govern. The Chancellor said that the incoming Prime Minister “needs to stay laser-focused on those things that have always motivated him” as he enters Downing Street [...]
Strait of Hormuz ‘closed’ as Iran and US exchange strikes

July 12, 2026

Iran has declared the Strait of Hormuz closed as it trades fresh strikes with the US over the alleged unauthorised passage of a ship through the vital trade route. The Islamic Revolutionary Guard Corps said on Sunday morning that the waterway, which usually accounts for a quarter of the world’s maritime oil trade, will be [...]
Pubs to pour five million extra pints during England v Norway World Cup clash

July 10, 2026

Pubs are set to score their biggest boost yet for the World Cup when they pour more than five million extra pints during England’s game against Norway this Saturday. As many as 5.5m more pints will be served to thirsty England fans while the Three Lions face off in the quarter final in Miami, bringing [...]
Hugo Boss urges investors to reject £1.7bn bid from Mike Ashley’s Frasers

July 9, 2026

Hugo Boss has urged its investors to reject the “inadequate” £1.7bn takeover tabled by Mike Ashley’s Frasers Group. The retail giant behind Sports Direct and House of Fraser currently owns around 26 per cent of Hugo Boss but launched a move to take full control last month. The FTSE 250 group, which was founded by [...]
Rolls-Royce shares rise as Burnham pledges investment in British defence

July 9, 2026

Shares in London-listed defence firms including Rolls-Royce and Babcock rose on Thursday morning after Prime Minister-to-be Andy Burnham pledged to drive investment into Britain’s defence industry. The Makerfield MP said strengthening Britain’s defence will be his “first priority” if he enters Number 10 – as he is expected to later this month – but insisted [...]
Prologis ramps up pressure on FTSE 100 property giant Segro

July 9, 2026

US real estate giant Prologis has called on shareholders in FTSE 100 rival Segro to engage with its £12.6bn takeover bid, arguing the deal offers a “substantial upfront premium” and access to a larger global footprint of data centres. Prologis, a real estate investment trust (REIT) based in San Francisco, claimed that “constructive engagement… remains [...]
Workspace urges investors to block ‘destructive’ Saba proposals

July 9, 2026

Flexible office provider Workspace has called on investors to block “destructive” attempts by notorious activist investor Saba to force a sell-off of its properties. The FTSE 250 firm issued a plea to shareholders on Thursday urging them to vote against each of the proposals submitted by the New York-based hedge fund to its annual general [...]

St James’s Place suffers £1bn hit to flows as investors look to dodge pension tax

Bumper IPL takeovers boost T20 cricket franchise league’s value to over $20bn

For Albarino in the City, head to Humble Grape

By: Felix Armstrong

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