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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Sadiq Khan launches inquiry into foreign home ownership in London

September 29, 2016

London mayor Sadiq Khan is launching an inquiry into the impact of foreign investment on the London housing market. Khan has said foreign investment is causing real concerns for London property and that he plans to look into the issue for the first time. “It’s clear we need to better understand the different roles that overseas [...]
Argos is creating 10,000 jobs for Christmas

September 29, 2016

Argos is looking to recruit 10,000 workers for the Christmas season. The retailer wants customer advisors and stock assistants to work in its 840 Argos stores during a period of high demand for its products. Argos also wants to employ some "Fast Track" drivers for the festive season who will be responsible for distributing Argos' [...]
Hillgate house

September 29, 2016

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Chancellor Philip Hammond to close Help to Buy mortgage guarantee scheme at end of 2016

September 29, 2016

Chancellor Philip Hammond has confirmed that he will be closing the Help to Buy mortgage guarantee scheme at the end of this year. In a letter to Bank of England governor Mark Carney, he said the scheme's purpose has been "successfully achieved" and he will close it to new loans at the end of 2016. [...]
The number of mortgage completions made through Help to Buy fell year-on-year in June

September 29, 2016

The number of mortgage completions made with the government's Help to Buy scheme has fallen by eight per cent year-on-year in June, according to figures from the Treasury. Completions made through Help to Buy reached 3,118, a monthly increase of 27 per cent. Read more: Government Help to Buy Scheme under fire over deposit clauses [...]
City of London braced for £2bn business rate hike

September 29, 2016

The City of London is bracing itself for a tax hike estimated at more than £2bn when new business rates are revealed tomorrow. Details of new business rates represent the first re-evaluation since 2010. Due to rocketing rents in London over the past six years, businesses in the capital are expecting huge increases for the [...]
Foxtons has moved into The Big Issue’s former offices in Vauxhall

September 28, 2016

Foxtons has moved into The Big Issue's former office in Vauxhall after the local council rejected the estate agent's plans for an illuminated shop front. The Big Issue's head office had been in Vauxhall for 15 years. But now the magazine – which raises money for the homeless – is headquartered in Finsbury Park, in the constituency of Labour leader Jeremy Corbyn. Foxtons officially opens [...]
Apple is moving to Battersea Power Station in 2021

September 28, 2016

Apple has said today that it will be leasing space at the Battersea Power Station. The tech giant will be taking around 500,000 square feet across six floors inside the converted riverside power station. When Apple moves in in 2021, it will account for 40 per cent of the development's total office space. Apple will be moving [...]
“Sainsbury’s footfall is falling short” – analysts react to the retailer’s trading update

September 28, 2016

Sainsbury's issued a 1.1 per cent fall in like-for-like sales this morning, and analysts' reactions have been pretty scathing. The retailer boosted its volumes, but the supermarket price war has eroded any benefit Sainsbury's might have wanted to see in its like-for-likes as a result. Sainsbury's share price has dropped 3.67 per cent today following [...]
Weak pound draws tourists to London’s Westfield centres

September 28, 2016

Westfield shopping centres have been inundated with Chinese customers bulk buying Burberry handbags on the back of the weak pound. In July, Chinese spend in Westfield Stratford jumped 116 per cent year on year. Chinese spend in Westfield London, White City, increased by 16 per cent. Read more: Westfield Stratford set for more visitors in [...]

‘Relentless pressures’: More hospitality firms forced to shut even before Iran war

Manchester City: Sheikh Mansour faces calls for ban from English football over UAE links to genocide

In the watch world, exposed movements usurp the vintage revival

By: Helen Cahill

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