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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This is how far house prices have plunged in Chelsea

February 6, 2017

Chelsea house prices fell by as much as 13 per cent year-on-year in January as vendors were forced to drop prices due to higher transaction taxes. Data from estate agents Knight Frank shows prices on high-end homes have dropped sharply in London's most sought-after neighbourhoods. In Kensington and Notting Hill, prices have fallen by 12 per [...]
Boohoo moves forward with $20m acquisition of Nasty Gal

February 6, 2017

Online fashion retailer Boohoo is moving forward with its $20m (£16m) acquisition of bankrupt rival Nasty Gal, announcing this morning that the deal will be completed by the end of the month. Boohoo, which targets millennial shoppers, announced its intentions to buy up Nasty Gal's intellectual property assets and customer database on 28 December. This [...]
HMRC brings in £5bn in revenue through fraud investigation

February 6, 2017

HM Revenue and Customs (HMRC) is cashing in on its new tax fraud unit, collecting in an additional £5bn in revenue through the service last year. The UK tax authority set up the Fraud Investigation Service (FIS) in 2015 to deal with serious tax probes. The team brought in £2.2bn from criminal investigations in 2016, and [...]
Lloyds bankers’ bonuses overtake RBS’ this year

February 5, 2017

Lloyds Banking Group’s bonus package will be more generous than RBS’ this year for the first time since the financial crash of 2008. RBS has set aside £340m for bonuses this year, according to Bloomberg, but Britain’s other bailed-out bank, Lloyds, is planning to share out £390m. Read more: The government has cut its stake [...]
Lloyds bank bonus to beat RBS’

February 5, 2017

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Flopshop: Arcadia Group brand Topshop’s sales drop over Christmas

February 5, 2017

Sir Philip Green’s fashion brand Topshop suffered a like-for-like sales drop of nearly 11 per cent over Christmas, the most important shopping period of the year. The Sunday Times has reported that sales across the Arcadia Group as a whole, which includes Dorothy Perkins, Wallis and Evans, fell by about 6.5 per cent. The poor [...]
BrightHouse in bid for favour with watchdog

February 5, 2017

ELECTRICALS rent-to-own retailer BrightHouse has put forward reform plans to the Financial Conduct Authority (FCA) in a bid to save its reputation with the watchdog. The FCA is scrutinising a business plan from BrightHouse and will be deciding whether the retailer should be allowed to continue lending. The retailer allows shoppers to pay for goods, [...]
AccorHotels to bag Travel Keys

February 5, 2017

French hotel group AccorHotels, owner of Sofitel and Fairmont hotels, is in talks to bag up luxury travel company Travel Keys. Atlanta-based Travel Keys offers luxury holiday lets in over 100 destinations, including Mexico, Hawaii and the Caribbean. Read more: You won't believe the opulence of these new hotel suites The discussions come just less than [...]
Bank of America Merrill Lynch is looking for new space in the City despite Brexit uncertainty

February 5, 2017

Bank of America Merrill Lynch (BAML) has started its search for new office space despite the uncertainty of the City of London's future following the Brexit vote. The US banking giant is currently located near St Paul's Cathedral, but as its lease expires in 2022, the bank has started looking at other buildings that could [...]
Amazon is looking for shop space in London, according to reports

February 5, 2017

Tech giant Amazon has reportedly started searching for shop space in central London as part of its move into the grocery market. Amazon first revealed its ambitions to open grocery stores last December under the banner "Amazon Go". In a video, Amazon said it was using technology to create a shop with no check outs. Customers would [...]

Companies House disciplined over 100 staff for compliance breaches

2026 Community Shield moved from Wembley to Cardiff over concert clash

The country hotel 45 minutes from London that’s perfect for spring

By: Helen Cahill

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