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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House of Fraser sales flat as it warns on a volatile trading environment that isn’t going away

September 27, 2016

House of Fraser announced sales in the first half of the financial year were unchanged on a year ago, warning that it faces a "volatile trading environment" that is unlikely to change. Home was House of Fraser's strongest category, with sales for the 26 weeks to 30 July increasing by 4.5 per cent. But the House [...]
Boohoo upgrades forecast for the second time this year

September 27, 2016

Online fashion retailer Boohoo upgraded its forecasts again today after announcing bumper sales growth and profits for the six months to the end of August. Boohoo upgraded its full-year sales guidance for the second time in two months. At the beginning of August, the online retailer upped its expected sales growth to between 28 per cent [...]
Zoopla wants to bring property investment to the masses with a new “Invest” channel

September 26, 2016

Housing portal Zoopla is making the move into property investment by allowing customers to invest as little as £100 into the market. The website is known for being an online shop-window for property buyers, but has teamed up with lending platform Landbay to provide a service for investors. Customers will be able to fund buy-to-let [...]
Deliverwho? Sainsbury’s is bringing back the bicycle delivery service it first started in 1915

September 26, 2016

Sainsbury's is trialling a bicycle delivery service in London that promises to get groceries to customers within one hour – a service it first started in 1915. The retailer is starting the trial from Wednesday in various parts of west London, from Westminster to Wimbledon. Cyclists peddling food for tech startup Deliveroo have become a common sight [...]
London Chamber of Commerce and Industry calls on government to heed the ‘unintended consequences’ of business rates shake-up

September 26, 2016

The London Chamber of Commerce and Industry (LCCI) has called for the government be wary of the 'unintended consequences' of changes to business rates and to mitigate against them by encouraging local investment. LCCI said local government should be allowed to retain all the money it makes from business rates as part of a "greater devolution [...]
Standard Life will re-open its property fund in October

September 26, 2016

Standard Life Investments will re-open its property fund in October after disposing of assets during a period of suspension. After the Brexit vote, several property funds were forced to suspend trading due to a spike in redemption requests, freezing £15-20bn worth of funds. Standard Life said it would open the fund again on 17 October [...]
House price confidence ticked upwards in September as Brexit fears faded

September 26, 2016

As worries about the effect of the Brexit vote on the UK economy start to fade, Londoners have become more confident about the price of their home. According to research by Knight Frank, people across the UK believe the value of their house increased in September. Londoners perceived the biggest house price growth of anywhere in [...]
Number of mortgage approvals down by over a fifth in August

September 26, 2016

House purchase approvals dropped by more than a fifth in August, according to figures from the BBA. The number of approvals was down by 21 per cent as compared to August 2012. In the first eight months of this year, approvals were two per cent lower than in the same period of 2015. Read more: [...]
First-time buyers still have to save for over a decade to get a home in London

September 26, 2016

First-time buyers may have hoped the EU referendum would reverse house price growth in the UK, but a Brexit housing crash has not materialised, and saving for a deposit has not become any easier. Would-be homeowners have to save for just over 10 years to get a deposit, according to research by Hamptons International, a figure [...]
Commuting for an hour could save you £450,000 on the cost of your house

September 26, 2016

Spending an hour on a morning commute could save London workers £450,000 on the price of their home. According to research by Lloyds Bank, average house prices are 60 per cent lower in commuter towns than in central London, falling from an average of £741,919 in the capital to £294,903 outside it. Read more: House [...]

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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