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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HSBC marks out the winners and losers from the national living wage

October 19, 2016

HSBC has today outlined how businesses can combat the cost pressures of the national living wage – and the kind of companies that will be the winners and losers from the legislation. The best way to offset the new costs is to find productivity growth, HSBC analysts said in a note, although "this would require a [...]
Asos to move employees onto a higher living wage in the next 18 months

October 18, 2016

Hitting back at accusations that it mistreats workers, Asos said today it will be moving employees onto the living wage foundation level of pay over the next year and a half. The Living Wage Foundation sets a separate minimum wage for employers that companies opt-in for. Currently, companies in the scheme pay a minimum of £8.25 [...]
Tech sector drives demand for London’s offices post-referendum

October 18, 2016

The tech sector is driving a return to health for the commercial property sector in central London. According to Knight Frank, there was demand for 9.5m square feet (sq ft) of office space in central London between June and September. This is ahead of the long-term quarterly average of 7.5m sq ft. Read more: How [...]
Tax changes to force 440,000 landlords up a tax bracket

October 18, 2016

More than 400,000 landlords will be pushed up a tax bracket from April next year. By 2021, landlords will not be able to deduct mortgage interest payments or other financial costs from their turnover before declaring their taxable income. Read more: Watch out, tenants: Landlords threaten to hike rents because of new taxes The changes [...]
Sir Philip Green lashes out at MPs over “bizarre” report that branded him the “unacceptable face of capitalism”

October 18, 2016

Sir Philip Green has published a report from a top lawyer that criticises MPs for branding him the "unacceptable face of capitalism". The 82-page report from Lord Pannick QC, a human rights lawyer, says the joint select committee inquiry into BHS made conclusions that were "bizarre" and "unsupportable". Read more: Sir Philip Green hires top lawyer to [...]
Houses priced below £100,000 are officially extinct in London

October 17, 2016

Houses priced below £100,000 are now an extinct species in London. According to research by Jackson-Stops and Staff, all London homes worth less than £120,000 will disappear this year, with properties worth less than £150,000 set to vanish by 2020. Read more: This is how sterling's unstoppable slide will affect UK house prices Ninety-three per [...]
The fashion industry is on its steepest decline for seven years

October 17, 2016

The fashion market is on its steepest decline for seven years, according to new data, with £700m wiped off the value of the UK market since last year. According to figures from Kantar Worldpanel, sales declined for the fourth month in a row in September as retailers continued to offer huge discounts to consumers. Kantar [...]
Sales of houses worth over £10m crashed this summer

October 17, 2016

Sales of super-prime properties in London – luxury pads costing over £10m – slumped this summer. According to research by property consultancy London Central Portfolio (LCP), sales have fallen 86 per cent in the three months to August as compared to the same period last year. Read more: This is how sterling's unstoppable slide will affect [...]
Review demands government intervention to save the construction industry

October 17, 2016

An independent review of the construction sector has called for government intervention to save an industry in "inexorable decline". The report, commissioned by two government departments, slams construction's "dysfunctional training model" and its "lack of innovation". Read more: UK construction industry still struggling for momentum Mark Farmer, chief executive of Cast, who led the review, said [...]
Got £40m? You could buy Liverpool’s iconic Liver Building

October 17, 2016

Liverpool's Royal Liver Building is up for sale and is expected to attract buyers offering more than £40m for the landmark and its Liver Birds. The Grade I listed property is being sold by Royal London Mutual Insurance Society. It is the first time it has been on the market since it was first opened in [...]

Two top flight clubs in same league to be owned by same firm after major sport decision

Premier League’s smallest stadium gets approval to begin £90m rebuild

This hotel on the Elizabeth Line is 30 minutes from London but feels totally remote

By: Helen Cahill

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