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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Sir Philip Green faces a fresh grilling when MPs debate BHS’ collapse next Thursday

October 12, 2016

Sir Philip Green faces a fresh grilling from MPs when the House of Commons debates the collapse of BHS next Thursday. City A.M. understands the debate will focus on the BHS pension scheme and the damning report from MPs that labelled Sir Philip Green "the unacceptable face of capitalism". Read more: Sir Philip Green's Mediterranean superyacht renamed [...]
Zoopla’s new offices have a wine cellar and a weird fake swimming pool

October 12, 2016

Zoopla has moved into fancy new offices near Tower Bridge which boast a wine cellar, and a swimming pool (which actually seems to be a presentation room). The property portal – which also owns websites uSwitch and PrimeLocation – has taken up a space of 45,000 square feet for its 500 London staff. The company [...]
Housing market activity picked up in August following July’s dip

October 12, 2016

Lending for house purchases increased 11 per cent in August as confidence started to return to the UK housing market. Homeowners borrowed £12.2bn in August, according to the Council of Mortgage Lenders (CML), up 14 per cent month-on-month and up 11 per cent year-on-year. Read more: This is how sterling's unstoppable slide will affect UK [...]
This is how far London house prices fell in the third quarter

October 12, 2016

London's house prices have underperformed in the third quarter as the capital recovered from the shock of the Brexit vote and the uncertainty afterwards. House prices fell 2.5 per cent in the third quarter, following on from a 0.5 per cent fall in the second quarter, according to data from Halifax and IHS Markit. London's decline compared [...]
Housebuilders’ share prices struggle towards the pre-referendum summit after positive outlook from Telford Homes and Countryside

October 12, 2016

Telford Homes' share price jumped 4.7 per cent in early morning trading after the company issued a confident trading update, pulling other housebuilders towards their pre-referendum prices. Countryside Properties' shares were also on the up – increasing 3.5 per cent at time of writing – when the housebuilder said any impact from the June referendum had been mitigated. [...]
This is how sterling’s unstoppable slide will affect UK house prices

October 12, 2016

After a freak six per cent fall when markets opened in Asia last week, sterling is in free fall. The fall obviously has implications for people going abroad – but what about people here at home? We asked the experts what the flash crash will do to UK house prices. Read more: This is how the [...]
National living wage pushes tens of thousands of companies into financial distress

October 11, 2016

Nearly 100,000 businesses have been pushed into financial distress due to the introduction of the national living wage six months ago. According to data from insolvency firm Begbies Traynor, 97,342 firms impacted by the introduction of the national living wage are now struggling financially, an increase of 23 per cent since the legislation came into [...]
Hipster hammering: City Fringe offices landed with huge business rate increases

October 11, 2016

London's hipster office hubs will be under intense pressure when the new business rates come in next year, as new figures highlight the extent of the tax increases that are set to burden the City Fringe. The government has published its first business rate re-evaluation for seven years. The new tax for each property is based [...]
The average price for a detached family home in London has hit £1m

October 11, 2016

The average price for a detached family home in London has hit £1m. According to research by Hamptons International, families looking for a detached home in London now pay an average £1,028,376, up from £963,510 last year – an annual price increase of 6.7 per cent. The disparity between the price of detached family properties [...]
McCarthy & Stone’s share price climbs on positive outlook

October 11, 2016

Retirement housebuilder McCarthy & Stone's share price climbed seven per cent in morning trading on the back of a strong trading update. The company suffered following the Brexit vote; sales slowed and cancellation rates on the purchase of its properties increased. This hit McCarthy & Stone's forward sales order book, which dropped to £114m on 2 [...]

Mark Kleinman: Reeves’ ISA reforms pose more risk than reward

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

Cirque du Soleil OVO, Royal Albert Hall review: Amazing tricks, okay clowns

By: Helen Cahill

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