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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Ofcom to slap Vodafone with multimillion pound fine

October 25, 2016

Vodafone will be slapped with a multimillion pound fine for how it deals with complaints and how it handles its pay-as-you-go service. Ofcom will announce the outcome of two investigations tomorrow. Sky News has reported that the two 18-month probes have both found significant failings in Vodafone's UK business. Read more: Vodafone and Inmarsat team up [...]
This Monopoly board shows where business rates are increasing the most in London

October 25, 2016

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Paddington Cube development to boost local economy by £350m a year

October 25, 2016

The redevelopment around the Paddington Cube building from developer Irvine Sellar is set to add £350m to the local economy each year. The £775m scheme will create 4,500 jobs in Paddington, according to analysis by Volterra Partners, which will increase the annual spend in the vicinity of the project by £5.8m. Read more: Developer Irvine [...]
This is how the third runway at Heathrow will hit London house prices

October 25, 2016

The government has given the go-ahead for the third runway, and if there's one group of people who won't be happy about it, it's the people living nearby. Estate agents eMoov think the decision could lead to a 20 per cent drop in house prices in the area due the noise and air pollution that the [...]
Visa’s profits jump 28 per cent on consumer spending spree

October 24, 2016

Visa reported a profit rise of 28 per cent in the fourth quarter, beating analysts' expectations, as customers spent more money on its payment network. The world’s largest payment operator said its net income for the quarter ending 30 September reached $1.93bn (£1.58bn), up from $1.51bn (£1.23bn) a year ago. Payments volume jumped 47 per cent. [...]
US government argues MetLife is “too big to fail”

October 24, 2016

A US government lawyer argued in the federal appeal court yesterday that regulators were right to designate life insurance firm MetLife as “too big to fail”. The Financial Stability Oversight Council decided MetLife was a “systemically important financial institution” in December 2014 – a measure put in place after the financial crash of 2008. Read [...]
Hammerson and Standard Life partner for £1.4bn overhaul of Brent Cross

October 24, 2016

Hammerson and Standard Life Investments have embarked on a public consultation on a £1.4bn redevelopment of Brent Cross shopping centre. Brent Cross opened 40 years ago and Hammerson plan to revamp it with the addition of 200 new shops, 40 restaurants, a hotel, a cinema and around 6,700 homes. The shopping centre is set to [...]
Silvertown development in London’s Royal Docks gets planning permission

October 24, 2016

Planning permission has been granted for the transformation of a 62-acre industrial site in the Royal Docks. The Silvertown Quays project is expected to deliver 3,000 new homes and 50 commercial buildings. It is thought the £3.5bn scheme will also create 21,000 new jobs. The Greater London Authority owns the site in Newham and is working [...]
What to expect from Apple’s fourth quarter earnings

October 24, 2016

Apple will announce its earnings for the fourth quarter tomorrow, ahead of a new MacBook launch later in the week. Connor Campbell, financial analyst at SpreadEx, said the earnings report "is likely to reflect the first annual iPhone sales decline in the company's history". Read more: Shares in this Apple supplier just fell off a [...]
BHS administrators track millions taken out of retailer by Dominic Chappell

October 23, 2016

One of the administrators of BHS wants to take control of Retail Acquisitions (RAL), the company Dominic Chappell used to buy the retailer for £1. Duff & Phelps has applied to the High Court to take over RAL so that they can investigate the money extracted from BHS by Chappell. In particular, the administrators are [...]

Modella-owned Hobbycraft survives restructuring

Barry Hearn and Matchroom back Brentwood Town’s bid to reach National League

Rossella: The family business defying the hospitality crisis

By: Helen Cahill

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