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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Bellway boosted by Help to Buy

December 13, 2016

Bellway's share price was up two per cent this morning after the company said its sales grew by seven per cent, with reservations boosted by the government's Help to Buy scheme. The figures The housebuilder announced that its reservation rate was 176 per week for the 18 weeks from 1 August to 4 December, up from 165 per [...]
Consumers are going to spend a record amount on supermarket premium ranges this Christmas

December 13, 2016

Consumers have been preparing to taste the difference this Christmas as they stock up on supermarkets' premium own label brands. Data from Kantar Worldpanel showed that during the three months to the end of 4 December, shoppers spent 13 per cent more on brands such as Tesco Finest and Asda Extra Special than they did the year before. Read more: These [...]
This business scanning women’s feet to make heels that don’t hurt

December 12, 2016

Leaving for work in the morning, a City worker will check they have their keys, wallet, and phone. And some of them will also check that they've packed their shoes. Many women in the City bring a second pair of shoes because the ones they wear in the office aren't actually suitable for walking in. It's [...]
BHS administrators leave £525m hole in pension deficit for Sir Philip Green to plug

December 8, 2016

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Rental supply increased by seven per cent in November

December 8, 2016

Rental supply increased by 6.8 per cent in November, the second month of growth in a row. The figures from Property Partner show that the supply in London fell, however, down by 1.2 per cent month-on-month. In October, rental listings in London fell by three per cent. Read more: Upset landlords say they'll up rents [...]
Sports Direct shares fall as it unveils 57 per cent profit hit on weak sterling

December 8, 2016

Shares in troubled retailer Sports Direct fell as much as six per cent in early trading, after it revealed pre-tax profits had halved in its first half thanks to weak sterling. Underlying profit before tax dropped 57 per cent to £71.6m from £166.4m, it said, while underlying earnings before interest, taxation, depreciation and amortisation fell 33.5 [...]
London’s housing market stagnated in November as the rest of the country recovered

December 8, 2016

London house prices have been stagnating as prices across the UK have started to recover, chartered surveyors have said. According to a survey by the Royal Institution of Chartered Surveyors (Rics), the number of prospective buyers in the UK housing market increased in November, leading to a rise in sales. Read more: London Assembly demands Grayling [...]
Government pledges extra £32m for estate regeneration

December 8, 2016

The government has pledged to spend an additional £32m on regenerating the country's dilapidated housing estates. The scheme, launched by the department for communities and local government, will involve councils, developers and housing associations bidding for a share of the cash. Read more: This is how far house prices have fallen in Chelsea this year Most [...]
Amazon-mageddon: Prices set to rise online due to lack of warehouse space

December 7, 2016

Rock-bottom prices for online products may end if the UK doesn't build a shedload more warehouses. The rapid expansion of online retailers is expected to lead to a shortage of warehouse space, which would push up rents, and ultimately the price of goods. Read more: MPs pay surprise visit to Sports Direct's Shirebrook warehouse It is [...]
Investment in Legal & General’s build to rent fund hits £1bn

December 7, 2016

Legal & General's build to rent (BTR) fund has attracted £170m in investment, bringing its total value to £1bn. Major institutions have now invested in the open-ended fund, according to Legal & General Investment Management Real Assets (LGIM Real Assets). The investors were not disclosed. Read more: Revealed: the luxury London properties with price cuts of [...]

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By: Helen Cahill

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