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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Battersea Power Station boss issues rallying call to property industry over stamp duty

March 15, 2017

The head of the Battersea Power Station Development Company, Rob Tincknell, has issued a rallying call to property industry bosses, saying they must join forces to fight rises in stamp duty. Speaking to property developers and investors gathered at Mipim, a global property conference in Cannes, Tincknell said that he was forming a group to battle stamp duty [...]
Apple’s move to Battersea Power Station sparks hopes of paying off infrastructure debt early

March 15, 2017

The council leader heading up the development around the Battersea Power Station is hoping a possible boost to business rates income from Apple’s move to the site could help pay for the Northern Line extension early. The funding for the Northern line extension, which will create two new tube stations at Nine Elms and Battersea Power Station, [...]
Developer behind 33 Central turns away from regional cities after Brexit

March 14, 2017

HB Reavis, the developer behind Wells Fargo's European headquarters, has turned away from investing in the UK's regional cities due to the Brexit vote. Last July, HB Reavis' sale of 33 Central was widely-feted as a coup for London following the EU referendum, and while the developer is confident about the capital's prospects in the future, it [...]
Hammond slammed for “rookie error” over national insurance contributions

March 11, 2017

Chancellor Philip Hammond has been criticised for making a "rookie error" with his plans in increase national insurance contributions for the self employed. Former Conservative chancellor Norman Lamont has raised concerns that Hammond's first spring budget has ruined the party's image for pursuing low-tax policies. The changes will mean up to 1.6m people will face [...]
Ticket touts threatened with unlimited fines

March 11, 2017

Ticket touts who bulk buy music concert tickets and them re-sell them online will be hit with unlimited fines under new government plans. The department for culture, media and sport (DCMS) is making it illegal for touts to hack ticket-buying websites to buy more than the maximum amount of concert tickets normally available to consumers. [...]
Tesco chairman: White men are an ‘endangered species’ on UK boards

March 11, 2017

The chairman of Tesco, John Allan, has warned white men everywhere that they are an "endangered species" on UK boards and that to get to the top they are going to have to work "twice as hard" as women and ethnic minorities. Despite sitting three executive boards himself (he is also chairman of Barratt Developments, and [...]
Airbnb valued at $30bn after China’s sovereign wealth fund invests $100m

March 11, 2017

China's sovereign wealth fund has invested $100m (£82m) in hipster room-sharing app Airbnb. The investment by the China Investment Corporation (CIC) values the tech company at $30bn, Sky News has reported, and accounts for around 10 per cent of a $1bn funding round from Airbnb. The valuation puts Airbnb ahead of Twitter, which is valued at around [...]
Winklevoss bitcoin fund rejected by SEC over fraud concerns

March 11, 2017

The US Securities and Exchange Commission has rejected a bitcoin exchange-traded fund's bid to list. The SEC said the fund, founded by the Winklevoss twins, was a fraud risk and that there was a lack of regulation in the world's bitcoin markets. The cryptocurrency surpassed $1,300 in trading yesterday as the market waited for the [...]
Volkswagen pleads guilty to US charges in emissions scandal

March 11, 2017

Volkswagen has pleaded guilty to three US charges relating to the emissions scandal that emerged in 2015. The German company's lawyer Manfred Doss said VW had committed criminal acts in both Germany and the United States, and admitted that cars were fitted with software that allowed them to cheat emissions tests over six years. Read more: [...]
Guy Verhofstadt wants Britons to keep their EU rights after Brexit

March 10, 2017

The top negotiator for the European Parliament, Guy Verhofstadt, has said Britons should be allowed to keep their EU benefits if they want them. Verhofstadt, former Belgium prime minister, plans to persuade other European leaders that Britons should be allowed to apply for rights such as freedom of movement on an individual basis after Brexit. [...]

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By: Helen Cahill

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