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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Retail sales offer some sun for the UK economy as shoppers grab their summer goods

June 16, 2016

Retail sales volume in May increased by six per cent compare with the same month last year, according to the Office of National Statistics (ONS), providing some good news for the embattled retail sector. Including petrol prices, average store prices fell by 2.8 per cent in May as compared to May 2015. Read more: These are the [...]
These are the ten most powerful people in retail

June 16, 2016

Jeff Bezos, founder and chief executive of Amazon, has topped the list of the most powerful people in retail, compiled by Retail Week. Sebastian James, group chief executive of Dixons Carphone, came second, and Mike Coupe, Sainsbury's chief executive, took third place. Read more: Does Amazon Fresh pose a real threat to UK supermarkets? Chancellor [...]
Purplebricks’ revenues soar over 400 per cent as the online estate agent eyes up Australia

June 16, 2016

Online estate agents Purplebricks today announced a jump in revenues as it sets its sights on the Australian property market. The figures Revenues for the 12 months ending 30 April were up by 448 per cent, rising from £3.4m in 2015 to £18.6m this year. However, Purplebricks’ losses jumped over the period to £11.9m from [...]
Poundland announces disappointing profits after surprise takeover offer from Steinhoff

June 16, 2016

Bargain basement retailer Poundland today announced a fall in sales, a day after South African giant Steinhoff said it was eyeing up the company. Read more: Poundland shares have jumped after a surprise takeover offer The figures Like-for-like sales at the discounter were down 3.9 per cent, compared to a rise of 2.4 per cent in 2015. Pre-tax [...]
Sir Philip Green admits he made “a bad call” selling BHS to Dominic Chappell

June 15, 2016

Sir Philip Green has said he is working on finding a solution for BHS pensioners and claimed most of the buyers who came forward for the company wanted to put it into administration. There have been some testy exchanges as Green faces a grilling from MPs, with questions so far focussing on the advisers who worked with [...]
Berkeley Group chairman Tony Pidgley backs Remain as the housebuilder’s revenues fall

June 15, 2016

Berkeley group's chairman, the venerable Tony Pidgley, has backed the Remain side as the company announced this morning that its revenue had fallen. The figures Revenues fell at the UK housebuilder from £2.12bn to £2.05bn in the year to April 30. Pre-tax profits were also down, from £539.7m to £530.9m. The company said that there is "robust underlying demand" but [...]
Fewer tenants are in serious rent arrears thanks to an improved jobs market

June 15, 2016

The improving employment market means that fewer tenants are falling into arrears, according to data released today. Research from lettings agents Your Move and Reeds Rains shows 3,100 fewer households were in serious rent arrears in the first quarter of 2016 as compared to the previous quarter. As a result of the improving situation from tenant [...]
Retail sector would face more red tape if we leave the European Union, according to the Economist

June 15, 2016

As if the retail sector didn't have enough to deal with following the collapse of Austin Reed and BHS, it now must contend with the possibility of further losses if the UK votes to leave the European Union, according to a new report. The report from the Economist Intelligence Unit says that rather than cutting [...]
MSCI denies China A-shares from its indices

June 15, 2016

Chinese mainland shares were denied entry into the MSCI index yesterday, making it the third time the country's domestic markets were shunned by the index provider. MSCI had raised expectations it would accept China A-shares when it laid out a plan for inclusion earlier in the year, saying its close work with Chinese regulators had [...]
Labour shortages are casting a shadow over the UK property market

June 14, 2016

Housebuilders are convinced that a lack of labour is one of the biggest challenges facing the property market, according to a survey from Knight Frank released today. The report found that as many as 73 per cent of respondents believed the cost and availability of labour will have a negative impact on future housing supply. Read [...]

FCA charges City lawyer with insider dealing over maternity brand acquisition

EuroLeague CEO interview: ‘NBA Europe? We have never been stronger and will never disappear’

First look: The Ferrari Daytona Shooting Brake ‘Hommage’

By: Helen Cahill

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