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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Melania Trump broke US immigration laws

November 5, 2016

Melania Trump did 10 modelling jobs in the US in the seven weeks before she was legally allowed to work in the country, earning her $20,056, according to reports. The news of Melania Trump's breach of immigration law comes days before the US election takes place. In the race for the White House, her husband [...]
At the close: FTSE 100 trembling ahead of US election week

November 4, 2016

By this time next week Donald Trump could be President of the U.S.A. And the uncertainty has seen the FTSE 100 feel the impact. It fell by over 1.4 per cent by the close as the election jitters take hold of traders. Healthcare stocks, which are particularly sensitive to developments in the presidential race, were hit. Hikma Parmaceuticals [...]
M&S to close dozens of stores

November 4, 2016

Marks & Spencer will be closing dozens of UK stores and will cut its clothing offer in others, it's been claimed. Following reports from Bloomberg that M&S will be closing its Paris store and shops in China, Sky News has said that M&S boss Steve Rowe will announce UK store closures next week. It is expected that [...]
M&S retail boss wrote to former chancellor George Osborne to defend benefit cuts for staff

November 4, 2016

M&S management wrote to former chancellor George Osborne this summer as the business was under siege for cutting staff benefits. In an internal memo seen by City A.M., the retail director of M&S, Sacha Berendji, told staff he wrote to Osborne responding to criticism about cutting premium pay rates for staff. Read more: M&S shells out £100m for pension changes [...]
John Lewis Partnership considers further reforms to staff benefits as squeeze on retailers tightens

November 4, 2016

High street stalwart the John Lewis Partnership is considering further curbs on staff benefits as it becomes the latest retailer to fight back against soaring costs for the sector. Documents seen by City A.M. suggest the escalating national living wage could cost the John Lewis Partnership an additional £171m in 2020. Between 2015, when the [...]
Here’s a round up of all the rumours about the John Lewis Christmas ad

November 4, 2016

The internet is going wild about when an ad will hit TV screens. That’s right, the John Lewis Christmas ad cometh – and before it’s even out, the mums of cyberspace have been speculating about what it will be like, even though it will be played on tellyboxes ad nauseum until Christmas day arrives. Read more: [...]
The UK high street gets an early Christmas present as high street sales get a boost for the first time since January

November 4, 2016

Is the high street back on track? High street sales are back in positive territory after falling for the past nine months. Read more: Retailers in Mayfair and Bond Street to be hardest hit by rates hike According to data from accountants BDO, sales on the high street grew 0.7 per cent year-on-year in October. [...]
UK house price growth set to cool over the next five years

November 4, 2016

London house prices will grow by 11 per cent by 2021, according to new research, lagging behind the UK as a whole. Savills is predicting two years of low house price growth due to heightened economic uncertainty as the terms of Brexit become more clear. UK house price growth is expected to be 13 per [...]
Sir Philip Green’s BHS pension scheme offer fell short by £100m

November 3, 2016

Sir Philip Green's offer to contribute to the BHS pension scheme was £100m less than the Pensions Regulator wanted, according to reports. The BBC has said that the regulator wants £350m from Green, but he was only willing to put in £250m. Yesterday, the regulator announced that it was starting legal action against Green to [...]
Sweet relief: London rents fell in October

November 3, 2016

London rents fell in October, as the capital bucked the trend for the rest of the country. Rents in London fell 0.11 per cent, according to Landbay, but for the rest of England, rents increased by 0.15 per cent. London's most expensive boroughs have had the biggest falls in rent. In Westminster, rents were down [...]

Budget damage to housing market set to continue, experts warn

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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