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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Expedia posts healthy revenues in the third quarter

October 27, 2016

Holiday website Expedia reported healthy growth in its revenues in the third quarter of 2016. For the third quarter ending 30 September, revenue grew 33 per cent to $2.6bn (£2.14bn). Gross bookings increased 21 per cent year-on-year to $18.6bn. Read more: Expedia revenues dip on higher promotions and discounts The website's portfolio of places to [...]
LinkedIn reports a jump in revenue ahead of merger this year

October 27, 2016

LinkedIn, the global network for professionals reported a jump in revenue in its results for the third quarter of 2016. Total revenue increased 23 per cent annually, reaching $960m. LinkedIn's talent solutions revenue made up $623m of the overall sum, marketing brought in $175m and premium subscriptions revenue was $162m. Read more: Microsoft is buying LinkedIn [...]
Hermes joins China’s sovereign wealth fund in National Grid bid

October 27, 2016

Hermes Investment Management has joined a bid led by the Chinese government for a stake in the National Grid's gas pipe network. City A.M. understands that people working on the deal have become increasingly wary of government scrutiny. Theresa May's administration announced recently that it would be making reforms to its approach to "the ownership [...]
Apple pushes into the TV market and launches a new MacBook

October 27, 2016

Apple is pushing into the television market, offering a new TV app that works on both iPhones and iPads. Apple's chief executive Tim Cook said Apple TV would become the place where customers access all of their television. The new app will launch before the end of 2016. Users will be able to tell Siri [...]
UK cabinet minister says Britain will leave the single market

October 27, 2016

A UK cabinet minister has said Britain will be leaving the single market in the strongest signal yet that the government is moving towards a hard Brexit. The remarks came from David Mundell, the secretary of state for Scotland, at a hearing on the impact of the Brexit vote, Reuters has reported. Mundell told Scottish [...]
Tesla posts shock profit

October 26, 2016

Tesla Motors has trumped analysts' expectations and posted its first profit in eight quarters on the back of record car deliveries. The electric carmaker said its net income for the third quarter ending 30 September was $21.9m (£17.9m). A year earlier, Tesla made a loss of $229,9m. Tesla's revenue more than doubled, reaching $2.3bn. Analysts had been expecting [...]
Brexit worries over – Axa ploughs ahead with building the City’s tallest tower

October 26, 2016

The construction of the City's tallest building is back on after developers halted progress before the EU referendum. Axa Investment Managers said today that it is committing to the construction of 22 Bishopsgate because London remains "one of the leading global centres for international business, notwithstanding the current uncertainties created by the EU referendum". 22 Bishopsgate will [...]
Carpetright bosses up their stakes in the company after sales drop

October 26, 2016

Carpetright's chief executive Wilf Walsh and chief of finance Neil Page have bought shares in the company following a drop in sales at the retailer. Walsh and Page bought up 12,500 and 10,000 shares respectively. Read more: Carpetright says the pound's plunge is hurting margins The £25,000 purchase from Walsh brought his company shareholding to 53,778 shares, or [...]
M&S’ Brexit: Marks and Spencer to close its Paris flagship store

October 26, 2016

Marks and Spencer is planning to shut its flagship store in Paris, according to reports. The British retailer wants to scale back its international operations to save on costs, Bloomberg has reported. Read more: MPs call for debate on "loopholes" in national living wage legislation The decision will be formally announced by chief executive Steve Rowe [...]
Apple posts first annual revenue drop for over a decade

October 25, 2016

Apple has announced its first year-on-year decline in revenues for over a decade as iPhone sales suffer. Revenue fell nine per cent to $46.85bn (£38.44bn), the third quarterly decline in a row. Analysts were expecting revenue to come in at $46.94bn in the quarter, according to Thomson Reuters. Read more: Shares in this Apple supplier [...]

Grand National: Polanski slammed for £4bn racing industry suggestion

Panmure Liberum: Netherlands will win first Fifa World Cup

Why I love hotel restaurants – and two of my favourites

By: Helen Cahill

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