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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Pets at Home has had a furrtastic half-year

November 24, 2016

Pets at Home has reported a furr-tastic set of interim results this morning, with like-for-like sales growing 2.5 per cent. The pet business did say recent trading had been weaker than in the first half, but that the profit outlook for 2017 was in line with market expectations. The figures Merchandise sales were up 4.7 per cent in [...]
Travel website Skyscanner bought by Chinese firm Ctrip in £1.4bn deal

November 24, 2016

The UK travel comparison site Skyscanner has been bought up by Ctrip, China's largest online travel business. The deal values Skyscanner at around £1.4bn. The travel website, which is based in Edinburgh, said it would keep the same management team and would be run independently within the Ctrip group. What does this mean for UK [...]
Retailers’ share prices stung by the rise in the national living wage in the Autumn Statement

November 23, 2016

Retailer's share prices are suffering this afternoon after chancellor Philip Hammond said the national living wage would rise in April next year. The national living wage hourly rate will increase from £7.20 an hour £7.50 an hour in 2017, Hammond said. Read more: The National Living Wage is going up again next April The change [...]
Here are the winners and losers from today’s Autumn Statement

November 23, 2016

It's been a rough day for the UK's economic forecasts, but the revelations from chancellor Philip Hammond's first Autumn Statement weren't all bad. Here are some of the biggest winners and losers from the speech: Winners Companies will be cheering after Hammond confirmed that he will be cutting corporation tax to 17 per cent by 2020. [...]
Hammond says landlords should pay letting agents fees

November 23, 2016

Landlords should pay letting agents fees, chancellor Philip Hammond said in his first Autumn Statement today. "We’ve seen these fees spiral despite our attempts to regulate them," Hammond said, confirming that the government will ban letting agents fees. Read more: Hammond pledges more than £1bn for broadband and 5G “I can announce today that we [...]
Autumn Statement: London is getting £3.15bn of funding for 90,000 affordable homes

November 23, 2016

London is getting £3.15bn of funding for 90,000 affordable homes by 2020-21, chancellor Philip Hammond announced in the Autumn Statement today. The chancellor said in his first Autumn Statement today that housing remains unaffordable for too many in the UK and that London will be getting its share of the affordable housing budget. Read more: [...]
New £2.3bn housing infrastructure fund announced in Autumn Statement

November 23, 2016

A new £2.3bn housing infrastructure fund has been announced in the Autumn Statement to unlock new land for house building in high demand areas. The chancellor Philip Hammond also said there would be a £1.4bn fund to be spent on building 40,000 new homes. He announced a £3bn homebuilders' fund for 200,000 new homes and £2bn to build [...]
Hammerson goes on £502m European shopping spree

November 23, 2016

Hammerson has been on a European shopping spree, buying up four shopping centres on the continent. The property investor has spent £502m on acquisitions in Germany, Portugal, Spain and Poland, acting with partners VIA Outlets, APG, Meyer Bergman and Value Retail. Its largest purchase was Germany's first established retail centre, a shopping centre in Zweibrucken, on the border between [...]
Landlords are already whining about the scrap to letting agents’ fees and say rents will go up

November 23, 2016

People across the country will be cheered by the news that chancellor Philip Hammond will scrap letting agents' fees in the Autumn Statement today. The measure is designed to save renters from hundreds of pounds of upfront charges, but, unsurprisingly, landlords and letting agents are outraged by the change, and are threatening to push up [...]
Morrisons are getting hunks to help lift your Black Friday shopping

November 23, 2016

Morrisons will have dedicated strong men and women in stores on Black Friday to help you with your heaving bags. Black Friday is set to be bigger than ever this year and has already started online, with several deals available with Amazon. Read more: AO World delivers £1.5m in earnings ahead of Black Friday But Morrisons [...]

Lloyd’s of London’s Beazley again rejects Zurich’s £7.7bn takeover bid

Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals

Cirque du Soleil OVO, Royal Albert Hall review: Amazing tricks, okay clowns

By: Helen Cahill

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