By: Helen Cahill

I report on retail and property for City A.M. I have covered the investigation into BHS and London's housing crisis. You can email me on helen.cahill@cityam.com with tips or commentary.

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Majestic Wine needs a lie-in and some paracetamol after hooking up with Naked Wines this year; but its share price looks healthy

June 20, 2016

Majestic Wines announced a drop in pre-tax profits this morning, following its purchase of Naked Wines last April. Despite this, the wine merchant's share price climbed by 5.37 per cent in morning trading. The figures Majestic Retail posted a 41.3 per cent rise in sales for the year ending 28 March, up from £284.5m last year to [...]
The supermarkets’ secret: Here’s how to save on your fuel bills this summer

June 17, 2016

If you're looking for cheaper fuel, then the best place to go this summer is your local supermarket, according to the AA. Supermarkets offer a competitive price at the pump, charging on average 3.3p a litre less for petrol and 3.6p less for diesel than their rivals – equivalent to about £1.50 a tank on fuel. Jet [...]
National Grid’s share price drops as MPs call for the company to be split up

June 17, 2016

MPs are calling for the government to split up the company that runs Britain's electricity system and create an American-style network with an independent system operator (ISO). National Grid's share price dropped by 1.27 per cent in morning trading. [stockChart code="NG." date="2016-06-17 11:48"] The report, from the cross-party Energy and Climate Change Committee, said: "The government [...]
Convenience store openings up by a fifth as the big four try to match our changing shopping habits

June 17, 2016

Convenience stores are popping up all over the country as people do fewer weekly shops and opt for fewer, more frequent trips instead. The number of convenience stores has risen by 21 per cent in the past five years. The big four supermarkets – Tesco, Asda, Sainsbury's and Morrisons – opened the stop-off shops at the [...]
Here are the top places to live for young professionals

June 17, 2016

Young professionals are yearning for the seaside as a report out today shows the south coast continues to draw City workers. It is the second year in a row the BN3 postcode of the coastal town of Hove has topped the list of the 20 most popular places for young professionals to live, compiled by Lloyds Bank. [...]
Tesco’s share price edges up as it weeds out Dobbies garden centres in £217m sale

June 17, 2016

Tesco today confirmed the sale of Dobbies garden centres to a group of investors led by Midlothian Capital Partners and Hattington Capital. The supermarket's share price edged up 0.2 per cent in early morning trading after the announcement. Tescos bought Dobbies in 2008 for £150m and has now sold the garden store chain for £217m – a deal that has [...]
Buy to let bows out: Rents edged down in May as a wave of buy to let properties hit the market

June 17, 2016

Rents took a slight dip in May as property transactions completed before the government's stamp duty hike for second homes came onto the market. Compared to April, there was a 0.2 per cent drop in rents, according to lettings agents Your Move and Reeds Rains. Read more: How landlords are softening the blow of buy to [...]
BHS: Expect questions over the pension scheme and Lady Green’s tax arrangements

June 16, 2016

There were some tense exchanges between MPs and Sir Philip Green when the retail tycoon appeared in front of MPs this week – but he put in a fairly measured performance overall, maintaining he had no involvement with the running of BHS' pension scheme. Green promised to help the BHS pensioners who lose out from the scheme [...]
Ocadon’t: Half of us shun online shopping

June 16, 2016

High streets are still a major destination for customers, as research released today found half of shoppers shun online. The study by Cardlytics looked at the spend data of more than two million shoppers, looking at fashion, footwear, beauty and department stores over a year. Although online is becoming an increasingly important growth sector in retail, [...]
One in five London homes is for sale at £1m or more – here are the priciest boroughs

June 16, 2016

So bored of Brexit that you don't even care what happens on the 23 June any more? Well, good news: London house prices are still outrageous, so you can get annoyed (or, deliriously happy, depending on your home ownership status) about that instead. New data out today showed one in five houses in the capital are worth £1m or [...]

The Super scaler playbook: What Sam Smith wants every founder to know

Hearts: Fan ownership, Tony Bloom and upsetting the Old Firm status quo

Bentley Bentayga Speed: The maddest, baddest SUV you can buy

By: Helen Cahill

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