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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Primark owner warns benefit of sterling’s fall will only last so long

February 27, 2017

Primark owner Associated British Foods' (ABF) share price edged downwards this morning after it warned its boost from the devaluation of sterling will fade later in this year. The figures In its trading update, ABF said it expects Primark sales to be 11 per cent higher, when measured at constant currency, but that this growth would be "driven [...]
Irvine Sellar has died

February 27, 2017

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Legendary developer behind the Shard, Irvine Sellar, has died aged 82

February 27, 2017

The property developer behind the Shard, Irvine Sellar, has died aged 82. The chairman of Sellar Group died yesterday morning after a short illness. His scheme for the UK's tallest building was given the green light in November 2003. It was completed in 2012, after four years of construction. Read more: Developer Irvine Sellar submits plans for [...]
Safe as houses? London property price growth will grind to a halt this year

February 24, 2017

House price growth in London slowed to just 6.4 per cent in January – the lowest level for four years – and experts have predicted growth will grind to a halt at some point this year. The last time growth was so sluggish in the capital was June 2013, according to Hometrack's data. Read more: This [...]
Pulling the plug: Howden forced to increase prices for its kitchenware

February 23, 2017

Kitchenware supplier Howden Joinery Group's share price closed down 0.52 per cent today after the company posted strong profit growth, but said it had been forced to increase its product prices. The figures Group revenue rose from £1.22bn in 2015 to £1.3bn last year, a growth of seven per cent. Profit before tax was up [...]
This London developer will build homes on rooftops in just 45 weeks

February 23, 2017

Apex Airspace, a company that uses so-called modular construction techniques to create homes on rooftops, is embarking on a £11.5m scheme together with Lambeth & Southwark Housing Association. The group will build 28 new flats on a site in Southwark, 11 of which will be affordable rental homes. Apex has also agreed to renovate the existing building [...]
John Lewis to cut almost 400 jobs

February 23, 2017

John Lewis is cutting around 380 jobs as it shakes-up parts of its home and catering businesses. Around 773 employees at the department store will be entering a consultation period, during which the business will assess whether to keep them on for the 386 jobs it is creating in other areas. Read more: The 30 [...]
Intu becomes top FTSE 100 riser despite profit drop

February 23, 2017

Intu properties was the top FTSE riser this morning, despite the group's profit falling by more than 60 per cent. The figures Intu's profit fell by 67 per cent for the year to the end of December 2016 due to falling capital values on its properties. However, net rental income was up, rising 4.4 per cent from [...]
Krafty move: Unilever’s investors pocket £13.5bn as Anglo-Dutch giant shakes up business

February 22, 2017

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Milk giant behind Lurpak and Anchor increases prices for supermarkets

February 22, 2017

The UK's largest dairy company, Arla Foods, has increased the prices of its products for supermarkets. The co-operative, which is behind brands such as Lurpak, Anchor and Cravendale, has been forced to hike prices due to the milk price rises in the last four months of 2016. Read more: Manufacturing giant Premier Foods considers price rises [...]

Wes Streeting’s capital gains tax plan risks ‘disrupting’ growth

Embassy officials praise Arsenal ahead of ‘Visit Rwanda Champions League final’

Porsche Cayenne Coupe Turbo Electric: a super-powered SUV

By: Helen Cahill

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