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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John Lewis Partnership chairman Sir Charlie Mayfield admits pay changes in retail aren’t a “genuine move forward”

November 16, 2016

The chairman of the John Lewis Partnership, Sir Charlie Mayfield, has admitted that the response to the national living wage from retailers has not been a "genuine move forward" for their employees. Following the introduction of the new national living wage, several retailers have cut staff benefits while increasing basic pay rates. Minutes from a John [...]
London investment firm buys Paris’ largest hotel

November 16, 2016

A London-based property group has bought the largest hotel in Paris. Henderson Park, an investment firm set up by former Goldman Sachs executive Nick Weber, purchased Le Meridien Etoile for €365m (£314m). It was the first purchase for the firm, which was launched in September 2016 and is investing in real estate across Europe. The group bought the hotel [...]
This is how much beer pubs have to sell to combat nexy year’s rise in business rates

November 16, 2016

The country will have to drink heavily from 2017 onwards if pubs are to avoid a massive hit when business rates increase next April. Business rates have been re-evaluated for the first time in seven years, and the new rate of tax will come in at the beginning of April next year. Analysis from business rates specialists [...]
British Land posts a loss as Brexit vote hits asset values

November 16, 2016

British Land's share price fell in morning trading after the company posted a loss due to the Brexit vote hitting UK commercial property prices. The figures The company behind the "Cheesegrater" announced a loss of £205m in the six months to the end of October as compared to the same period last year, down from £823m [...]
World’s most ground-breaking battle ships to be built on the Clyde

November 5, 2016

The most advanced warships in the world are going to be built in Britain next summer, according to reports. The Times reports that defence secretary Michael Fallon has said the Royal Navy's eight new ships will be constructed on the Clyde, as part of a contract with BAE Systems. The frigates will be Type 26 global [...]
Liz Truss responds to The Bar Council’s calls for condemnation of media attacks on judiciary

November 5, 2016

The Bar Council has called on Lord Chancellor Liz Truss to condemn "serious and unjustified attacks on the judiciary" following the High Court decision over Article 50. She responded this afternoon, saying that the judiciary was "the foundation upon which our rule of law is built." The High Court judges who ruled that Article 50 must [...]
It’s now easier to buy a home in New York than it is in London

November 5, 2016

London's housing market was once the poor relation of New York's, but rapid house price growth in the UK capital has made it more unaffordable than its American rival. In July this year, the average house price in London was £484,176 as compared to £411,018 in New York, making the Big Apple a more accessible market. [...]
Number of million-pound house sales on the rise

November 5, 2016

The number of homes sold for £1m or more has jumped by 12 per cent this year – and nearly two thirds of them are bough in London. According to a report from Lloyds Bank, the sales of homes above £1m increased from 5,946 in the first half of 2015 to 6,684 during the first [...]
Indian business chief warns of Brexit’s “double hit” to UK-India trade

November 5, 2016

Trade between the UK and India could be held back by a "double hit" due to the result of the Brexit vote and the fall in the value of sterling, the head of India's biggest business lobby has said. The warning from the head of the Federation of Indian Chambers of Commerce and Industry (Ficci) comes ahead [...]
Ministers plan for an early election

November 5, 2016

Conservative ministers are preparing for an early general election after a court verdict on Article 50 derailed Prime Minister Theresa May's Brexit timetable. The idea of an early election is now being "openly discussed" by the government, according to the Daily Telegraph. The news comes after three High Court judges ruled that the question of [...]

Tesco Mobile breaches £600m debt facility after reporting failure

Exclusive: Bordeaux Begles to compete in London rugby sevens tournament

Jeff Goldblum plays the cinematic hits at joyful Royal Albert Hall show

By: Helen Cahill

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