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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L’Oréal explores sale of The Body Shop

February 8, 2017

French cosmetics group L'Oréal is considering selling The Body Shop for €1bn (£851m), according to reports. L'Oréal acquired The Body Shop 11 years ago for £652.3m, but is now working with bankers at Lazard to sell the struggling skincare range, according to the Financial Times. It is thought Lazard and L'Oréal are exploring various options for the future of [...]
St Modwen has found a buyer for its Nine Elms site

February 7, 2017

St Modwen's share price climbed today after it said it had found a purchaser for its Nine Elms site. The developer's share price was up two per cent at time of writing – even though the company also reported a slide in profits. The figures In its results for the year ending 30 November, St [...]
“Really, is that it?” – reactions to the government’s housing white paper

February 7, 2017

In the year that the US President signed an executive order to build a wall, UK politicians got together to write a housing paper that was lacking in concrete ideas. There were some general indicators of where the government is going on housing, however. Here's how the property industry reacted: On the lack of content [...]
11 things we learned from Sajid Javid’s speech on the housing white paper

February 7, 2017

Communities secretary Sajid Javid stood in the House of Commons today to unveil the government's long-awaited housing white paper, so what did we learn about the government's plans to fix the housing crisis? Well, not much. The speech was pretty vague. Javid said the government would be speeding up construction, encouraging institutional investment in the rental sector and [...]
New Look suffers “disappointing” sales drop during crucial Christmas shopping period

February 7, 2017

New Look did not have a very merry Christmas, failing to bag a sales boost during the most important period of the year for retailers. The figures New Look said group like-for-like sales fell 4.6 per cent in the 13 weeks to 24 December, with sales in the UK down 4.7 per cent on the same [...]
Bellway boosted by strong affordable housing demand in London

February 7, 2017

Bellway's share price has climbed three per cent this morning after the company reported a boost in sales due to a "significant" requirement for affordable housing in London. The figures Bellway increased its housing completions by 6.5 per cent for the six months ending 31 January; volumes reached 4,462, up from 4,188 during the same [...]
This is how far house prices fell in January

February 7, 2017

House prices fell month-on-month in January, reversing the strong house price growth recorded at the end of last year. According to Halifax's house price index, house prices fell 0.9 per cent last month. Year-on-year growth was 5.7 per cent, down from an annual growth of 6.5 per cent in December. Read more: This is how [...]
Aldi just became the UK’s fifth largest grocer

February 7, 2017

Aldi has become the UK's fifth largest grocer by market share, overtaking the Co-op. According to data from Kantar Worldpanel, Aldi grew its sales by 12.4 per cent in the 12 weeks ending 29 January. Its share of the market now stands at 6.2 per cent. Read more: A Lidl competition: Aldi becomes the highest-paying supermarket in the UK [...]
UK retail sales fell in January in a reversal of fortunes for the sector

February 7, 2017

UK retail sales fell in January as shoppers curbed spending on non-food items. On a like-for-like basis, retail sales fell 0.6 per cent in January as compared to the same month a year before, reversing a sales rise of one per cent in December. Total sales rose just 0.1 per cent, against a 3.3 per [...]
Spending on essentials has hit record highs

February 7, 2017

Spending on essential goods such as food and fuel has reached record highs as inflation has started to hit the UK consumer's wallet. There was a 15.3 per cent jump in petrol spending year-on-year in January, according to Barclaycard, and a 2.9 per cent hike in supermarket expenditure. This was coupled with a 3.4 per cent [...]

Greene King to put 150 pubs on chopping block

Chelsea punishment ‘extremely lenient’, says club’s former exec Purslow

Bar of the week: Flipdog, the Shoreditch spot stoking its cocktails with a hot poker

By: Helen Cahill

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