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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Yorkshire Building Society has announced its new chief executive

October 14, 2016

Yorkshire Building Society has appointed Mike Regnier, its chief customer officer, as its new chief executive. Regnier joined Yorkshire Building Society in 2014 and will move into the top job at the lender on 1 January next year. Read more: High street building society to close branches Chirs Pilling, the current chief executive, said in June [...]
Marmitegate is the “thin end of the wedge” for the retail industry

October 14, 2016

Tesco and Unilever's public price war is the "thin edge of the wedge" for the retail sector after the Brexit vote, analysts have said, as the prospect of higher import costs and job losses weigh on the industry. Unilever has used the fall of sterling after the Brexit vote as a basis for increasing its prices for [...]
Rents grew at the slowest pace this year in September

October 14, 2016

Rents grew at the slowest rate this year in September as landlords absorbed higher tax rates rather than pass them on to tenants. Across the UK rents grew three per cent in the year to September, according to the HomeLet rental index. Read more: How Airbnb started its own Cuban revolution On average, tenants signing new agreements [...]
Amazon wants to bag 120,000 temporary workers for Christmas

October 13, 2016

E-commerce giant Amazon is looking for more than 120,000 workers in the United States to tide it over during the busy Christmas period. Thousands of the temporary workers will be kept on beyond the holiday season, Amazon said. The announcement from Amazon comes shortly after it said it would be opening a new warehouse in [...]
British Property Federation calls on chancellor Philip Hammond to bolster the build to rent sector

October 13, 2016

The property industry is calling on chancellor Philip Hammond to focus on the build to rent sector and cut new stamp duty taxes. According to the British Property Federation (BPF), the number of properties in the build to rent sector has jumped 200 per cent over the past year, delivering 67,000 homes. Read more: This [...]
Pension Protection Fund calls for BHS liquidation to start within the month

October 13, 2016

BHS' biggest creditor, the Pension Protection Fund (PPF), is pushing for the company to be placed into liquidation by the end of the month. Sky News reports that the PPF has told the joint administrators of BHS that it wants to bring forward investigations into the former directors of the retailer, which would take place [...]
WH Smith’s share price climbs after retailer announces share buyback programme

October 13, 2016

WH Smith's share price was up 3.5 per cent this morning after the company said its pre-tax profits increased eight per cent year-on-year. The retailer also increased its dividend by 12 per cent and said it would be starting a £50m share buyback programme. Read more: #Marmitegate: Someone is selling a jar of Marmite on [...]
Someone is selling a jar of Marmite on eBay for £100,000 as the price war between Unilever and Tesco rolls on

October 13, 2016

Someone is trying to sell a jar of Marmite on eBay for £100,000 amid fears that the stocks may run low due to a supply dispute between Tesco and Unilever. Tesco has pulled Marmite and all other Unilever brands from its website after Unilever attempted to increase its wholesale prices. At time of writing Tesco's share price [...]
Sports Direct’s CFO leaves company after presiding over three profit warnings

October 13, 2016

Sports Direct has said this morning that its acting chief financial officer will leave at the end of the year. Matt Pearson became CFO last June and has presided over a tumultuous year for the company, including a parliamentary inquiry into working conditions and wages and three profit warnings. Most recently, the company issued a profit warning [...]
RICS says UK housing market back on track – but London house prices will fall

October 13, 2016

Demand for housing is returning to the capital after a chilly period for the market both before and immediately after the EU referendum in June. The Royal Institute of Chartered Surveyors (RICS) has said more chartered surveyors are reporting an increase in buyer enquiries, up for the first time since February. Read more: This is [...]

Wes Streeting: Progress on NHS delays as private insurance soars

Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals

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

By: Helen Cahill

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