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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H&M’s share price falls after sales figures disappoint

January 16, 2017

Swedish international clothing retailer H&M's share price fell 2.76 per cent in trading today after it reported disappointing Christmas sales figures. The group's total sales in December rose six per cent year-on-year in local currencies, but analysts had forecast a sales increase of eight per cent. Read more: Bow down, John Lewis – H&M drops a Christmas [...]
Shareholder group hits outs at Sports Direct’s “disappointing” failure to conduct an independent governance review

January 16, 2017

Sports Direct is under fire for its failure to find an independent organisation to conduct a review of its corporate governance. The retailer has been pressed by shareholders to shake-up its corporate governance after a string of profit warnings and a parliamentary inquiry that concluded its Shirebrook warehouse was run like a "Victorian workhouse". Read [...]
These are the key trends in retail in 2017 – and who will benefit from them

January 16, 2017

The Christmas reporting season isn't over yet – the market is awaiting updates from Dixons Carphone and WH Smith – but the figures that have been reported so far have indicated some of the key retail trends investors should watch out for this year. Read more: Brexit vote boosts Hugo Boss The outlook for the UK consumer [...]
The Pembridge Palace Hotel in Notting Hill has been sold

January 16, 2017

London's Pembridge Palace Hotel has been sold to an overseas investor. The Grade II listed hotel, which is located in Notting Hill, was sold by Savills for Singaporean group Lum Chang Holdings Limited. Read more: Trump trade boss: Brexit gives foreign firms chance to steal UK business The hotel is in a top tourist destination, just [...]
Reiss boosts sales on the back of international expansion

January 16, 2017

Reiss, the high-end fashion retailer favoured by the Duchess of Cambridge, reported a robust sales increase over Christmas. In the six weeks to 7 January, sales growth in the UK was 11.6 per cent, which the company said was "driven by like-for-like growth and e-commerce". Read more: Reiss rocks the high street after doubling full-year [...]
Brexit vote boosts Hugo Boss

January 16, 2017

Hugo Boss has staged a partial recovery thanks to a sales boost in Britain and China. The German fashion house said its operating profit for 2016 will fall less than expected due to a 20 per cent increase in like-for-like sales in China in the fourth quarter, and a two per cent increase in Europe, which was [...]
Here’s how much house prices have increased so far this year

January 16, 2017

The housing market has had a robust start to 2017, with house prices increasing 0.4 per cent in January as compared to December. House prices grew 3.2 per cent year-on-year, according to figures from Rightmove. Read more: This is how far house prices will fall in 2017 In London, asking prices increased 1.4 per cent [...]
UK high street celebrates first December rise in footfall for five years

January 16, 2017

The UK high street has benefited from the first December rise in footfall for five years. Footfall increased 0.8 per cent year-on-year in December, according to figures from Springboard and the British Retail Consortium, as consumers sought some festive cheer on the high street. Read more: Debenhams share price jumps as it reveals sales hike [...]
Duff & Phelps hits out at BHS pensions lifeboat in letter to Labour MP Frank Field

January 15, 2017

The firm originally appointed to handle the collapse of BHS has criticised the company's largest unsecured creditor for trying to control the process. BHS fell into administration in April last year after its former owner Sir Philip Green sold it to serial bankrupt Dominic Chappell for £1. Green brought in Duff & Phelps to handle [...]
Microwave meal maker Bakkavor set for London float

January 15, 2017

Ready meal maker Bakkavor is considering a float on the London stock market, according to reports. The firm, founded in 1986, manufactures microwave meals for supermarkets including Waitrose, Sainsbury's, Tesco and Marks and Spencer. The company also supplies fresh goods such as lettuce, tomatoes and sweet potatoes. According to the Sunday Times, Bakkavor has enlisted Rothschild to [...]

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By: Helen Cahill

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