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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Analysts welcome a full year of growth for Morrisons

November 3, 2016

Morrisons' share price was climbing this morning after the retailer said that its like-for-like sales were up 1.6 per cent in the third quarter, marking a year of positive same-store sales. Halloween sales jumped 20 per cent in the period. The company's share price was up 1.2 per cent this morning as a result, and [...]
Dollar to suffer third day of losses over US election turmoil

November 3, 2016

The US dollar is set to bear its third day of losses – a losing streak that the currency hasn't suffered for a month and a half. At time of writing, the US dollar was down 0.02 per cent against the euro, as the uncertainty over the outcome of the US presidential election continued to [...]
Harrods posts a profit despite tough trading conditions

November 2, 2016

Upmarket department store Harrods posted a robust profit last year, despite the difficulties faced by the retail sector. Harrods reported in its accounts for the year that profit was up 16.9 per cent to £129.7m, compared to £110.9m the year before. Group turnover for the period ending 30 January 2016 came to £788.9m, up from £769m [...]
West End retailers are expecting a £2.34bn boost from Christmas this year

November 2, 2016

The West End is expecting some healthy takings at the till this Christmas – the most important time of year for retailers. The New West End Company has forecast that till receipts will rise 1.6 per cent year-on-year this Christmas, hitting £2.34bn. Average takings are expected to come to £51.1m per day during the peak period for [...]
Grocery prices were flat in October as Brexit-related price inflation was beaten by the supermarket price war

November 2, 2016

Grocery prices were flat in October despite inflationary pressures from the fall in sterling, according to new figures. Analysis by website MySupermarket found that a basket of 35 key groceries cost £83.40, compared to £83.19 the month before. Read more: So Moneysupermarket? Comparison site is on track for a "record year" Annually, the price of the full [...]
Waterloo Station is getting a revamp and this is what it will look like

November 2, 2016

Waterloo Station is getting a flashy revamp. Lambeth Council have awarded planning permission to a project from London and Continental Railways (LCR), the Department of Transport and Network Rail that will bring the former Eurostar terminal back to life after a decade. There will be 135,000 square feet of office space with high street food and [...]
Housebuilder share prices drop, following the FTSE 100’s slide

November 2, 2016

The share prices of housebuilders have fallen in morning trading, following the FTSE 100, which has edged downwards. Barratt Developments' share price was down 0.81 per cent, Taylor Wimpey's share price was down 0.61 per cent and Berkeley Group's share price was down 0.42 per cent. After a positive set of results this morning, Persimmon's share price bucked [...]
Analysts have not gone easy on Next’s “miserable” results

November 2, 2016

Analysts have not pulled their punches this morning in reaction to Next's announcement that sales fell 3.5 per cent in its third quarter. Retail Economics' chief executive Richard Lim described Next's sales growth as "miserable", and said that the "conditions on the high street remain desperate". Next's share price has been climbing this morning, however, [...]
People are going crazy over this suggestive skyscraper called the Spire

November 2, 2016

The £800m skyscraper set to be Europe's tallest live-in tower has become London's newest phallic symbol. The plans for the skyscraper – also known as the Spire – were initially revealed in September, but now it has attracted attention for how it will look from above. Read more: This City skyscraper has just confirmed its first commercial tenant [...]
UK house prices were flat in October

November 2, 2016

House prices were flat in October, as the housing market struggled to regain the momentum it lost following the EU referendum. According to data from Nationwide, there was no house price growth month-on-month in October. House prices increased 4.6 per cent year-on-year, down from an annual growth of 5.3 per cent in September. Read more: [...]

Barclays’ high street U-turn exposes a divide in British banking

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The Lake District but thrilling, with yacht trips and 4×4 off-roading

By: Helen Cahill

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