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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Flights across London airports delayed due to fog

December 17, 2016

Flights have been disrupted due to heavy fog in London. London City Airport diverted all inbound flights today. There have also been delays at Heathrow and Gatwick. Travellers have been advised to contact their airlines about possible cancellations. Significant fog in London is continuing to cause flight delays & cancellations. Passengers affected are advised to speak to [...]
An earthquake has struck off the coast of Papua New Guinea

December 17, 2016

An earthquake has struck off the coast of Papua New Guinea. The Pacific Tsunami Warning Centre (PTWC) issued a statement saying an earthquake of magnitude 7.9 occurred in the region of New Ireland. Tsunami waves were observed, and hazardous tsunamis were forecast for some coastal regions. Read more: Tsunami warning issued after 6.9 earthquake hits [...]
Japanese banks threaten to leave UK unless given clarity on Brexit

December 17, 2016

Japanese banks have told the UK government they will start moving out of London in the next six months unless they receive more information on the UK's Brexit plans. Investment banks Nomura and Daiwa Capital Markets met UK City minister Simon Kirby and the international trade minister for financial services, Mark Garnier, in a meeting [...]
Russia attempts to undermine UK with cyber attacks and fake news

December 17, 2016

Russia has embarked on a propaganda campaign against Britain, according to reports. Moscow is seeking to undermine the UK's power by using cyber attacks and fake news, and Prime Minister Theresa May is set to hold a National Security Council meeting to assess the Russian aggression and how to respond, according to The Times. Read more: [...]
This is the best place to live in the UK

December 17, 2016

Winchester has been crowned the best place to live in the UK. The local authority has won Halifax's Quality of Life survey because it has a high life expectancy, high employment rate and high scores in surveys on personal well-being. The Orkney islands came second, followed by Wychavon in Worcestershire. Read more: London house prices [...]
London renters get some relief as prices fall

December 16, 2016

Rents have been growing across the country this year – but in London, the average monthly payment has fallen, with the biggest falls taking place in the centre of the capital. London rents went into negative territory in May this year, and have fallen by 0.31 per cent from January to November. During the same [...]
Only a quarter of us are getting our festive haul on the high street

December 16, 2016

Only a quarter of UK shoppers are collecting their haul on the high street this year, preferring to stay at home instead and order goods online. Figures from research company Qualtrics suggest that the proportion of Britons who are willing to physically search for gifts is falling. Last year, 29 per cent of people in the UK [...]
London house prices are growing at slowest rate for over three years

December 16, 2016

Annual house price growth fell to 7.6 per cent in November, its lowest level for more than three years. The figures from Hometrack show how tax changes and the Brexit vote have been weighing on London property. In November 2015, house price growth was 11.8 per cent year-on-year. Read more: This is how far house prices will fall [...]
MPs demand Sir Philip Green ends BHS black hole

December 16, 2016

A top group of MPs has made fresh demands that Sir Philip Green dig deep to plug the gap in BHS’ pension fund as new figures reveal the magnitude of the shortfall. City A.M. can reveal that Duff & Phelps, the administrators salvaging the wreckage of BHS, are set to contribute a maximum of £45.7m in [...]
Estate agent Lambert Smith Hampton is up for sale

December 15, 2016

Countrywide has put estate agents Lambert Smith Hampton up for sale, according to reports. According to Estates Gazette, Countrywide are hoping for a sale to close next month and is making the sale through Deloitte. Read more: FTSE reshuffle: Travis Perkins, DFS and Countrywide are on the way out Countrywide issued a profit warning last [...]

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By: Helen Cahill

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