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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Knight Frank reports 20 per cent drop in exchanges since the EU referendum

October 10, 2016

Estate agent Knight Frank said today it experienced a 20 per cent fall in the number of exchanges on its high-end UK houses since the EU referendum. In its results for the year, Knight Frank reported profit before tax fell by 4.7 per cent, from £160.1m last year to £152.6m this year. Turnover increased four per cent [...]
Knight Frank’s chairman calls for a reversal of changes to stamp duty tax

October 10, 2016

Chairman of the estate agents Knight Frank has called on the UK government to reverse changes to stamp duty taxes. Former Chancellor George Osborne increased the rate of stamp duty of second homes, a change that came into effect at the beginning of April, leading many buy to let landlords to flee the property market. [...]
Deutsche Bank mulls IPO of asset management unit

October 7, 2016

Deutsche Bank is looking to float its asset management unit to replenish its cash buffers following a predicted multi-billion-dollar settlement with the US government over alleged miss-selling of mortgage-backed securities. According to the Financial Times, the German bank is yet to make a final decision on the IPO. It would be a minority stake in the [...]
House prices edged up in September as the market recovered from the initial Brexit hit

October 7, 2016

House prices fell 0.1 per cent in the three months to September as compared to the previous quarter, according to Halifax – but they edged up month-on-month. There was a 0.1 per cent increase in property values between August and September, following two months of house prices falling. Year on year growth hit 5.8 per cent. Read more: [...]
Mare Street Studios in Hackney is about to be turned into a hipster paradise

October 7, 2016

Workspace has been given the go-ahead to refurbish the Mare Street Studios in Hackney, promising to create a hipster paradise in the City Fringe. The 55,000 sq ft of office space will come with a co-working space, cycle storage, communal breakout areas, showers, meeting rooms and a cafe. Read more: The government's IT crowd is moving into [...]
Pound slumps six per cent in two minutes

October 7, 2016

How low can it go? The pound has taken another pummeling overnight, falling more than six per cent against the US dollar when currency markets opened in Asia. Sterling sunk below $1.20 to a low of $1.1841, the lowest point since May 1985. The 6.1 per cent drop was the biggest since June 24, the [...]
House prices in Chelsea have fallen by 10 per cent this year

October 6, 2016

House prices in Chelsea have fallen by 9.8 per cent annually, according to Knight Frank. Overall, prices for high-end homes in central London fell by 2.6 per cent in September, the estate agents said. Read more: House prices under threat in Tower Hamlets due to rapid building and Brexit There were marked regional differences in prices [...]
Amazon’s unstoppable expansion continues with new warehouse in Northamptonshire

October 6, 2016

Amazon has announced plans to open a new warehouse in Daventry, Northamptonshire, in 2017, creating 300 new jobs. The tech giant said it is responding to growing demand for its services and wants to use the opening to offer more products to its customers. Read more: ASOS says "it isn't very practical" to run a warehouse like the Victorians [...]
Dunelm’s share price slides after it says hot weather hit sales

October 6, 2016

Home furnishing retailer Dunelm's share price was down 4.37 per cent this morning after the company said hot weather hit sales. In its first quarter trading update, Dunelm reported total revenue fell by 1.8 per cent to £198.7m. Total like-for-like sales were down by 3.8 per cent. Dunelm said: As expected, unusually warm weather had a [...]
Sofa, so good: DFS’ shares climb as it hikes dividend

October 6, 2016

DFS' share price was up 2.5 per cent in morning trading after the company announced it will increase its final dividend this year. The sofa seller said the final dividend for the year will be 7.5p per share, up 6.2p from last year, a jump of 21 per cent. Read more: DFS' share price jumps as the company [...]

Trump rows back from tariff threat after scathing Davos speech

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By: Helen Cahill

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