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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Tritax Group partners take a stake in the world’s first property exchange planned for 2017

October 3, 2016

The City has come one step closer to becoming home to the world's first securities exchange for commercial property. The International Property Securities Exchange (IPSX) will be the first exchange for trading stakes in companies that own single commercial properties. It is set to launch in 2017. Four Tritax Group partners have now invested in the [...]
Retail fund sales turned positive in August

October 3, 2016

Retail fund sales became positive in August for the first time since April, as net retail sales hit £1.7bn. According to Hargreaves Lansdown, this was due to £1.2bn of inflows into fixed income funds. There was an outflow of £629m from equity funds. Read more: Standard Life will re-open its property fund in October Property [...]
Housebuilder share prices climb on chancellor’s £5bn stimulus package for the industry

October 3, 2016

Housebuilders' share prices have been climbing today after chancellor Philip Hammond announced he would be providing a £5bn stimulus package for the industry. Hammond will be setting aside £3bn to help build 25,000 homes during the parliament and a further £2bn to encourage developers to build on surplus public land. At time of writing, Persimmon's [...]
The FTSE 100 has hit its highest point since June 2015

October 3, 2016

The FTSE 100 has hit its highest point since June 2015, reaching 6,974 points in morning trading, up 1.09 per cent at time of writing. A weaker pound has helped to edge the UK's benchmark stocks upwards, moving ever closer to that psychologically significant 7,000 mark. Many of the international blue-chips on the index will benefit [...]
Tesco faces legal action from shareholders over accounting scandal

October 3, 2016

Tesco faces fresh legal action over its accounting scandal in 2014. A group of investors are bringing a £150m lawsuit against the retailer, saying they have suffered financially due to the £328m black hole that was discovered in Tesco's accounts two years ago. After it emerged that Tesco had overstated its profits, its share price plunged [...]
Chancellor Philip Hammond to reset George Osborne’s fiscal policies

October 3, 2016

Chancellor Philip Hammond will say today that he is building a "new plan" for the "new circumstances" Britain is in, promising to break away from his predecessor's policies. Hammond is expected to say Osborne's approach was right "at that time", but that things are set to change because "when times change, we must change with [...]
Philip Hammond unveils £5bn housebuilding stimulus package

October 3, 2016

Chancellor Philip Hammond has announced a £5bn stimulus package for housebuilders, including a £3bn fund to help build 25,000 homes during this parliament. The fund will give loans to small and medium sized housebuilders and those using innovative building methods such as offsite construction. It will also provide funding for infrastructure. Read more: London has fallen out [...]
Sterling falls to seven-week low as May commits to triggering Article 50 by end of March

October 3, 2016

Sterling approached a new post-referendum low today after Prime Minister Theresa May said negotiations to leave the EU will start by the end of March next year and signalled she will not prioritise Single Market access. The pound drifted lower throughout the day, falling 1.1 per cent through Monday's session to stand at $1.2827 crashed to $1.2827 in the minutes [...]
Property of the Week: Nine Hillgate Street in Notting Hill is an experimental former art gallery on the market for £6.75m

September 29, 2016

Nine Hillgate Street looks like a traditional terraced house in Notting Hill, but inside, it looks more like an art gallery. And that’s because it was, at one point, a gallery. Seth Stein Architects created this house as an experiment in design and have been using it to show-off art for the past year. “It [...]
Here’s how much more dough Paul Hollywood has than Mary Berry

September 29, 2016

Paul Hollywood created quite a fuss last week when it emerged he would be judging the Channel 4 version of Bake Off. Mary Berry quit the show after it was announced Channel 4 would be taking Bake Off from the BBC. She said her decision was out of "loyalty" to the BBC. Much-loved hosts Mel and [...]

Drinking in stands hailed as success as more clubs join WSL pilot scheme

Judge awards McLaren F1 team over $12m in Alex Palou trial

This Soho pub is putting on a ‘problematic’ show about a drunkard

By: Helen Cahill

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