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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Investec is putting £30m towards this Fulham development

February 3, 2017

Invetec is providing a £30m financing facility to developer Meyer Homes for the construction of 58 new homes in Fulham. The 24 month facility will also go toward the building of 9,000 square feet of retail space. In total, the plot is across one acre on Fulham High Street. The development will comprise 48 apartments – [...]
Number of new homes registered in London dropped by a third last year

February 3, 2017

New home registrations in London dropped by a third last year as developers put the brakes on building following stamp duty reforms and the Brexit vote. The number of registrations – or homes developers plan to build – dropped from 25,760 in 2015 to just 17,322, according to figures from the National House Building Council [...]
Zoopla has changed its name in the most boring way possible

February 3, 2017

Zoopla Property Group – more widely known as Zoopla – has changed its name to ZPG. The company currently trades under the ticker ZPLA, but from 8am next Monday this will change to ZPG. The decision was made at Zoopla's annual general meeting yesterday. Read more: Zoopla is splurging £120m on this property data company [...]
A new complex is planned for the Greenwich Peninsula – but it has no affordable housing

February 2, 2017

Images of the new landmark development at the Greenwich Peninsula have been unveiled, a project London mayor Sadiq Khan has tipped as a "new cultural district" for the capital. The scheme from developer Knight Dragon will provide new apartments, as well as offices, hotels, shops, bars and a theatre, over 1.4m square feet. The complex has [...]
Estee Lauder’s share price climbs as it grows sales

February 2, 2017

Beauty group Estee Lauder Companies' share price climbed four per cent as it reported strong sales in its second quarter results. The figures The company – which owns brands such as MAC, Clinique and Bobbi Brown – reported net sales of $3.21bn (£2.56bn) for the quarter ending 31 December, up three per cent as compared to the [...]
Rents could start falling in the coming months

February 2, 2017

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Sports Direct buys 11 per cent share in French Connection

February 2, 2017

Sports Direct has bought an 11 per cent of French Connection, a stake that would allow the company to disrupt any buy-out bid for the ailing high street retailer. The move comes at a time of flux for the company, which has been hit by losses for five years. Activist investors have been pushing non-executives [...]
Here’s how analysts are reacting to Reckitt Benckiser’s move to acquire Mead Johnson

February 2, 2017

Just as analysts were digesting the news that Tesco and Booker Group are merging, Reckitt Beckiser (RB) has revealed that it is in talks to snap up US group Mead Johnson. The deal values Mead Johnson – which manufactures baby milk – at $16.7bn. Mike van Dulken of Accendo Markets said RB was making the move to access the [...]
Don’t go bacon my heart: US says pig shortage claims are mere porkies

February 2, 2017

US pork producers have been forced to defend themselves after a ham-fisted online debate led many to believe the nation was short of bacon. Read more: Say cheese: Londoners love burgers more than anyone else Concerns surfaced on Twitter under hashtags #BaconShortage and #BaconReserves after the US Department of Agriculture data showed frozen pork belly reserves were waning. [...]
Here’s why Vodafone’s share price fell at the open

February 2, 2017

Vodafone's share price dropped three per cent at the open after it said earnings would be in the lower end of its previous guidance. The figures In its trading update for the quarter ending 31 December, Vodafone said its organic service revenue had grown 1.7 per cent to €12.3bn (£10.5bn). But it said its full [...]

Revolut poised to hit Natwest and Lloyds in deposit war

Carabao Cup: Arsenal and Manchester City tailgaters to be deemed criminals

We road test RDR, Star Wars Outlaws and Fallout 4 on Switch 2

By: Helen Cahill

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