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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Anthem hits back at Cigna’s $15bn lawsuit

February 14, 2017

Health insurer Anthem has hit back at Cigna after it said it was terminating a merger between the two companies and wants $15bn (£12bn) in fees and damages. Anthem has said that Cigna cannot end the deal between the two companies. Cigna has filed a lawsuit demanding that Anthem pay $13bn in damages and $1.85bn in break up fees after [...]
Workers at this City stalwart have been banned from drinking during the day

February 14, 2017

Looks like it's going to be dry January all year long for the boozers at Lloyd's of London. City workers at the historic institution have been banned from drinking during the day because alcohol has caused so may disciplinary cases, according to the Evening Standard. Lloyd's, known for its world-class work in insurance, now has [...]
RMT and Southern Rail talks break down

February 14, 2017

Talks between Southern Rail and the Rail, Maritime and Transport (RMT) union have broken down. The two groups have been in disagreement about the role of the guard on Southern Rail services, and the dispute has led to days of strike action, over several months. Southern had come to an agreement with Aslef, the union [...]
Broken-hearted: sales drop at John Lewis on the week before Valentine’s Day

February 14, 2017

Sales at retail bellweather John Lewis fell in the second week of February, signalling that the sector may be heading for another poor performance this month after retail sales dropped in January. Total sales at John Lewis for the week to 11 February were £73m, down two per cent on the same week last year. [...]
Glencore in $960m deal with Fleurette for copper and cobalt in Democratic Republic of Congo

February 13, 2017

Commodities company Glencore has bought up the remaining stake in Fleurette's Mutanda mine in the Democratic Republic of Congo and has increased its stake in Katanga Mining Limited for a total $960m (£766m). The assets are key sites for the production of copper and cobalt, two commodities which are performing particularly strongly due to the global demand for electricals. [...]
BAE Systems to appoint new boss

February 13, 2017

BAE Systems is reportedly set to announce a new boss for the first time in nearly 10 years. It is thought the defence manufacturer will appoint its chief operating officer, Charles Woodburn, as the new chief executive next week. Woodburn joined the company a year ago. Sky News reported that BAE Systems may make the [...]
Retail group calls on government to reduce the burden of business rates

February 13, 2017

Business rates have become unsustainable and must be lowered to allow companies to invest, a leading business group has told the government. The British Retail Consortium (BRC) has warned chancellor Philip Hammond that property taxes need reform because they now represent a "disproportionate burden" to businesses. Read more: Culture shock: How London's theatres will be squeezed [...]
Circling the Square: exhibition

February 13, 2017

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This is how far house prices have shot up in the Trafalgar Square conservation area

February 13, 2017

Trafalgar Square house prices have jumped in recent years as the tourist hot spot has become a hub of luxury residential development. Sale prices for houses in the Trafalgar Square conservation area have shot up by 33 per cent over the last three years, according to research by Beauchamp Estates. This means the area's house [...]
January footfall fell at the steepest rate since the Brexit vote

February 13, 2017

In January the number of shoppers in the UK fell at the steepest rate since the month of the EU referendum. Footfall fell 1.3 per cent year-on-year in January, according to data from Springboard and the British Retail Consortium. This was the sharpest drop-off in customer numbers since a 2.8 per cent drop in June [...]

Trump calls on Starmer to help secure Strait of Hormuz

Arsenal: Leading the digital charge as well as the Premier League

Spirit of Speyside Whisky Festival to drive millions into Scotch sector

By: Helen Cahill

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