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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Your bagged salad is a Salmonella risk

November 18, 2016

Researchers at the University of Leicester have found that juices in salad bags are a breeding ground for Salmonella. Even tiny amounts of juices leaching from salad leaves can encourage the pathogen to grow, and the juices also allow particularly dangerous strains of the microbe to thrive. Read more: #Marmitegate: Tesco boss warns suppliers against hiking [...]
Euro under pressure as US dollar heads for 10th day of gains

November 18, 2016

The euro is heading for its 10th day of declines against the US dollar due to positive data following Donald Trump's win in the race to the White House. At time of writing, the euro was down 0.2 per cent against the dollar at $1.0604. The currency is on its longest run of losses since [...]
Jimmy Choo’s share price rises on sterling’s slide

November 18, 2016

Jimmy Choo's share price climbed this morning after the company reported revenue growth due to improved trading and store openings. The luxury retailer's share price was up three per cent at time of writing. Read more: West End gets Brexit boost as sales to tip over £9bn for the first time It said its success [...]
#Marmitegate: Tesco boss warns suppliers against hiking prices

November 18, 2016

Tesco's chief executive Dave Lewis has told suppliers not to up prices due to sterling's slide following the Brexit vote. Lewis recently went to war with Unilever after the supplier tried to increase the price of popular goods such as Marmite and PG Tips by 10 per cent. Read more: Marmite peace settlement sends Tesco to the [...]
Retail sales defy gloomy predictions ahead of a bumper Black Friday

November 18, 2016

Retail sales have outperformed expectations ahead of the nation's biggest shopping spree – Black Friday. According to the Office for National Statistics, the volume of retail sales increased by 7.3 per cent in October compared to the same month in 2015 – the highest growth rate for fourteen years. The amount spent online grew by [...]
House prices at the top end of the London market are down 5.4 per cent

November 18, 2016

House prices at the top end of the market are faltering due to stamp duty reforms – and estate agents are calling for the government to reverse the trend for the sake of the wider property market. Prices in the top quarter of the London market dropped 5.4 per cent between the second quarter of [...]
Sterling’s slide spurs international buyers into looking for a London home

November 18, 2016

The slide in sterling since the Brexit vote has encouraged foreign buyers into the London property market. The proportion of international buyers increased six per cent in the third quarter, as compared to the second, according to research from Fionnuala Earley, residential research director at Hamptons International. The proportion of international buyers now sits at 29 [...]
Londoners are the most likely to take work off to bag a bargain on Black Friday

November 17, 2016

Why work when you could shop? It seems a healthy chunk of us have been asking ourselves that very question, and have decided to skip work for the year's biggest day of discounting – Black Friday. According to a survey by discount retailer The Original Factory Shop (Tofs), seven per cent of us intend to [...]
Asda records ninth consecutive quarterly sales drop

November 17, 2016

Asda has reported yet another sizeable drop in sales. The struggling retailer has posted a like-for-like sales drop of 5.8 per cent in the three months to the end of September. This is the the ninth quarterly fall in sales in a row for the company which is suffering due to intense price competition from discount [...]
Staples to disappear from the UK high street

November 17, 2016

The Staples brand will disappear from UK high streets over the coming months. The sale of the UK arm of Staples to restructuring business Hilco Capital puts the future of around 1,100 staff working in 106 stores across the country into question. Staples, Inc. has sold its UK retail business for a "nominal" amount while the company focuses on [...]

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By: Helen Cahill

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