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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British Land’s share price falls as occupancy rates dip

January 19, 2017

British Land's share price fell today after it said that its occupancy rates have fallen, with tenants signing up for shorter leases. In its third quarter trading update, the commercial property giant reported a 97 per cent occupancy rate, with an average lease length of eight years. However, this compared to an occupancy rate of 98 [...]
Deep sea oil exploration plumbs 70 year low

January 19, 2017

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This is the only part of the country where house prices are falling

January 19, 2017

Home sales in the UK fell in December and prices continued to drop in London's most prized neighbourhoods, despite rising in the rest of the country. The Royal Institution of Chartered Surveyors (Rics) has said that expectations for sales over the next three months were "pared back" and that central London is the only part of [...]
This is the most popular brand in the UK (and it’s not even from here)

January 19, 2017

Aldi and Lidl have topped YouGov's ranking for the most popular British brands, beating well-heeled rivals John Lewis and Marks & Spencer. Every week last year YouGov asked a group of consumers whether they had heard good or bad news about the biggest brands in Britain – and the German immigrants came out on top. Read more: Aldi bags [...]
Fashion victims:

January 18, 2017

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Federal Reserve chair Janet Yellen says slowly increasing interest rates “makes sense”

January 18, 2017

Federal Reserve chair Janet Yellen has said that gradually increasing interest rates "makes sense" now that the U.S. economy is reaching full employment and inflation is "inching back" towards two per cent. Speaking at the Commonwealth Club in San Francisco, Yellen said: "Waiting too long to begin moving toward the neutral rate could risk a [...]
The name’s bond: Citigroup fourth quarter results lifted thanks to fixed income division

January 18, 2017

Citigroup has reaped the rewards of the bond market trading boost following the election of Donald Trump, alongside its US rivals such as Goldman Sachs. The bank's net income for the fourth quarter of 2016 came in at $3.6bn (£2.69bn) as compared to $3.3bn the year before – a rise of nine per cent. Read more: [...]
Business rates block foreign investment into UK retail

January 18, 2017

Sky-high property taxes are making foreign companies think twice about expanding in the UK. Business rates have increased markedly since they were introduced in 1990, and have now become a barrier to foreign investment, according to a new report. A paper from shopping centre owner Intu and shopping centre representative group Revo has recommended business rates [...]
Shoppers spent £133bn online last year, but the internet is hitting margins

January 17, 2017

UK retailers raked in £133bn online last year as the internet's importance for the retail industry continued to grow. Research from IMRG and Capgemini shows that shoppers spent £18bn more online in 2016 than they did the year before, a growth of 16 per cent. Read more: John Lewis will cut staff bonus as profit comes [...]
Mortgage lending to first time buyers increases as stamp duty bites landlords

January 17, 2017

Buy to let landlords continued to shun the property market towards the end of last year, allowing more first time buyers to take out home loans. The number of loans taken out by landlords fell 10 per cent year-on-year in November, according to figures from the Council of Mortgage Lenders (CML), suggesting that tax changes [...]

Holidaymakers face billion-pound tax on ‘great British holiday’

Clubs like Chelsea won’t be able to hide from regulator scrutiny

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

By: Helen Cahill

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