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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Former Tesla rival Fisker is revved up to make electric cars again

October 5, 2016

The man behind an electric car maker which was once a major rival of Tesla has just unveiled two new models. Henrik Fiske0'sr last company, Fisker Automotive, went bankrupt in 2013. It was known for building luxury cars, favoured by celebrities. Read more: Tesla delivered a record amount of cars in the third quarter Now, Fisker has created a high-end car aimed [...]
Commercial property investment in the UK dropped off in the first half of 2016

October 4, 2016

UK commercial real estate investment has dropped by more than a third in the first half of 2016, according to new figures from BNP Paribas. Investment into offices in the UK fell by 36 per cent in the first half of the year as compared to the same period last year – but BNP Paribas pointed out [...]
The cost of groceries fell once again in September as the supermarket price war waged on

October 4, 2016

The cost of a basket of shopping fell again in September as the supermarket price war continued to take its toll on retailers' margins. According to research by comparison website mySupermarket, a basket of popular grocery items came to £83.19 in September, an annual drop of £2.74 and a month-on-month drop of 16p. Read more: Sainsbury's share [...]
Sports Direct was selling Louboutin heels online this weekend – but they’ve been taken off the website

October 4, 2016

Budget sports retailer Sports Direct moved into uncharted territory this weekend as it started selling Christian Louboutin heels. Sports Direct is known for its discount tracksuits and, most recently, for not paying its workers the minimum wage. Read more: Sports Direct shares jump as Mike Ashley takes control But now it appears the company wants to [...]
LVMH buys stake in German luggage maker Rimowa

October 4, 2016

French luxury giant LVMH, the owner of brands including Moet and Louis Vuitton, is buying an 80 per cent stake in German luggage maker Rimowa. Dieter Morszeck, grandson of the founder of Rimowa, is selling the majority stake in his family's company but will hold onto a leadership role as Rimowa becomes the German arm of LVMH. Rimowa is [...]
Housebuilder shares on the road to recovery after Brexit vote falls

October 4, 2016

Housebuilders' shares are on the road to recovering the losses they sustained after the Brexit vote on the back of chancellor Philip Hammond's announcement of a £5bn stimulus package for the industry. Hammond said yesterday that he would be setting aside money to encourage developers to build on surplus public land and to fund more [...]
Government taxes to push likelihood of “rental supply crisis” in 2025, according to chartered surveyors

October 4, 2016

The UK is grappling with a 1.8m shortfall in properties available to renters, chartered surveyors have said, due to tax changes for buy to let investors. According to the Royal Institute of Chartered Surveyors (RICS), due to rocketing house prices there will be 1.8m more households wanting to rent instead of buy by 2025. But [...]
The government’s IT crowd is moving into the “tech cluster”

October 4, 2016

The Government Digital Service (GDS) – the team behind government websites and other services – is moving into Derwent London's The White Chapel Building. GDS has pre-let the top two floors of the building – 53,700 square feet – paying an initial rent of £2.8m per annum. The move from GDS is part of the government's plan to [...]
US ends Syria ceasefire talks with Russia as Assad regime bombs Aleppo

October 4, 2016

The US has ended negotiations with Russia concerning the ceasefire agreement with Syria, it said today. A peace plan that was announced last month deteriorated after Russia decided on Monday that it will ditch an agreement with the US to dispose of weapons-grade plutonium. The US State Department said Russia was "unwilling or unable" to convince [...]
Value growth for properties in the Nine Elms development set to fall dramatically by 2020

October 3, 2016

Value growth for residential properties in the Nine Elms development is set to fall dramatically over the next three years. According to JLL, average value growth for residential property across Nine Elms was nearly 35 per cent between 2011 and the end of 2015. However, this is set to drop to growth of just six [...]

High Court to hear Reform’s challenge on cancelled council elections

Premier League boom ‘masking’ English football’s financial woes, says BDO

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

By: Helen Cahill

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