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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Transport for London is opening the railway arches at Wood Lane

December 20, 2016

Transport for London (TfL) is opening up the railway arches at Wood Lane. The 31 railway arches in west London, currently unused, will be transformed into commercial and retail space. There will also be new pedestrian passageways under the arches and new bicycle parking places. Read more: Weak pound draws tourists to London's Westfield centres TfL [...]
These will be London’s property hot spots in 2017

December 20, 2016

This year, Zoopla crowned Dalston the UK's top property hotspot after house prices in the neighbourhood rocketed 60 per cent over the last five years. Shoreditch came second, with prices shooting up 58 per cent over the period. Both of these locations are celebrated for their hipster cafes and second-hand furniture shops – but they're fast [...]
CMA approves McColl’s acquisition of 298 Co-op stores

December 20, 2016

Don't you love it when the Competition and Markets Authority (CMA) clears something just in time for Christmas? The CMA has given the green-light to McColl's acquisition of 298 Co-op stores. McColl's intention to take on the stores was first announced back in July, and now that the CMA has approved the deal, McColl's expects [...]
This is where house prices have increased the most this year

December 20, 2016

The average British home has increased in value by £19,348 during 2016 – £56.57 per day – bringing the British property market's value to £8.17tn. The data from Zoopla shows that the UK market's value has gone up by 7.35 per cent as a whole this year. Read more: This is how far house prices will [...]
This is what will happen to rents next year

December 19, 2016

It has been an eventful year for landlords. They have been under intense pressure from the government in 2016, starting in April, when former chancellor George Osborne's stamp duty hike on second homes came into effect. Then, when Philip Hammond took over, he used his first Autumn Statement to ban letting agents' fees for tenants, saying [...]
Airbnb’s UK tax bill comes under scrutiny

December 19, 2016

Airbnb's tax bill has come under scrutiny after it paid £317,000 in UK tax, despite London being the third biggest city from which the company offers rental accommodation. The tech business' international HQ is based in Ireland, but its payments division – Airbnb Payments UK – is based in London. This part of Airbnb handles the rental payments between [...]
Letting agents expect rents to rise next year

December 19, 2016

Eight in ten letting agents think rents will rise next year as a result of chancellor Philip Hammond's decision to ban letting agents' fees for tenants, according to the Association of Residential Letting Agents (ARLA). Hammond's announcement – which was a part of his Autumn Statement at the end of November – has angered both [...]
SoftBank invests $1bn in satellite initiative OneWeb

December 19, 2016

SoftBank is pumping $1bn into satellite startup OneWeb, a start-up that is building a group of satellites to boost the world's internet access. OneWeb has announced a $1.2bn fundraising round, with $200m coming from its current investors and the bulk from the Japanese communications group. The deal is set to close in the first quarter of 2017. [...]
Danone warns on sales growth target

December 19, 2016

Yoghurt maker Danone has reduced its forecast for like-for-like sales growth due to the poor performance of its probiotic yoghurt Activia. Danone said in a statement the company has been facing an "increasingly volatile and complex environment" and that "Activia's performance as well as aggravated market conditions in Spain have impacted Europe Dairy results". Read more: [...]
Trump wades into dispute over US drone stolen in South China Sea

December 17, 2016

President-elect Donald Trump has waded into a drone dispute between the U.S. and China with a tweet. The tweet criticised China for seizing a US Navy underwater drone in the South China Sea. He initially wrote "unprecedented" incorrectly in the tweet (spelling it as "unpresidented"), but later corrected his mistake. China steals United States Navy research drone in international [...]

British Gas to cough up £20m for ‘unfair treatment’ of vulnerable customers

David Beckham becomes Britain’s first billionaire sportsman

Pan Pacific London director: The City is ‘incredibly special’

By: Helen Cahill

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