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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The Little White House in Mayfair’s US embassy quarter is up for sale

June 13, 2016

If you've ever dreamed of making your way through a hefty security cordon to get to your own front door, then this is the home you've been waiting for. A £2.5m mini-White House inside the US embassy complex is now up for sale – and it's currently the most protected private home in Britain. Unfortunately, when [...]
Persimmon management to bag £600m bonus

June 13, 2016

Persimmon's executive pay plan has come under fire after it emerged management will share £600m over the next five years. A top City investor has urged the housebuilder to reduce the payment, which represents one of the biggest at a FTSE 100 company, excluding banking. Read more: There's little logic to 2016's shareholder revolts against executive pay [...]
Fitbug looks out of shape as it posts its preliminary results

June 13, 2016

Technology developer and fitness specialist Fitbug posted a year of losses in its preliminary results this morning, as the company announced a change in strategy. The figures Revenues for the year ending December 2015 were down to £1.26m, down from £2.3m in the year ending December 2014. The firm announced a pre-tax loss of £6.3m for the [...]
Asian stocks fall amid fears UK will vote to leave the European Union

June 13, 2016

Financial markets are preparing for falls today after Asian stocks experienced the biggest intraday falls in over two months due to building worries that Britain may vote to leave the European Union in the upcoming referendum. The pound suffered when trading opened. Sterling fell to $1.4159 in early Asian trade, its weakest since April 18. There [...]
Property prices in England and Wales fell in May as the market stalled ahead of the EU referendum vote

June 10, 2016

In May house prices experienced the sharpest drop since November 2011 as the property market was plagued by uncertainty surrounding the EU referendum. Property values fell by 0.4 per cent in May in England and Wales – the lowest home sales in May for five years – according to data from Your Move and Reeds Rains estate agents. Read [...]
How landlords are softening the blow of buy to let tax changes

June 10, 2016

The government's tax changes on second homes has produced a record demand for mortgages through companies in the first quarter of 2016, according to a report released today. Buy to let lending to limited companies surged to nearly 38,000 in the first quarter, which is more than for the whole of 2014, as landlords incorporate to [...]
High street sales continued to decline in May as buyers preferred to shop online

June 10, 2016

The high street continued to suffer a difficult period in May as data released today showed year-on-year sales were down 1.9 per cent. The fall comes one month after BDO's High Street Sales Tracker (HSST) registered the largest drop in sales since the height of the recession. Apart from a boost during the January sales [...]
MPs have called Mike Ashley to give evidence to the joint select committee on BHS

June 9, 2016

It seems MPs just can't get enough of Mike Ashley; the retail tycoon is now being called to give evidence in front of the joint select committee which is looking into the sale of BHS. The boss of Sports Direct responded to the committee saying he will provide written evidence. Ashley admitted this week that [...]
Argos’ financial services profits wiped out by compensation payments

June 9, 2016

In its quarter trading update today the owner of Argos, Home Retail Group, said it is shelling out £30m to compensate customers of its financial services arm. The company has launched a review after finding out that is charged customers on the "buy now, pay later" scheme late payment fees by mistake, affecting up to 10 per [...]
Housebuilder share prices take a hit due to uncertainty over the outcome of the EU referendum

June 9, 2016

Housebuilder share prices took a hit this morning as uncertainty over the outcome of the EU referendum cast a shadow over the property market. Taylor Wimpey shares were down 1.53 per cent in late morning trading to 186.20p, Barratt Developments shares dopped by 1.41 per cent to 559.00p and shares in Berkeley Group were down 1.85 [...]

Here we go again: Tube strikes to hit London from March to May

£9bn World Cup too big to be derailed by Middle East conflict, says Fifa chief

Aboard the Celebrity Cruises ship with Gwyneth Paltrow partnership

By: Helen Cahill

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