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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Flour and caster sugar sales at risk as Bake Off’s future crumbles

September 22, 2016

Britain is reeling from the news that the iconic Mary Berry has quit Bake Off, and the retail industry is set to suffer some collateral damage. Sales of baking goods such as caster sugar, flour and golden syrup have all been boosted since Bake Off began at the start of this month – sales that could [...]
House prices under threat in Tower Hamlets due to ballooning development and Brexit

September 22, 2016

House prices could be set to fall in Tower Hamlets due to the rapid development of the borough, according to new research. Data collected by property consultancy Propcision shows Tower Hamlets makes a decision on more planning applications than any other London borough, and approves far more developments than other boroughs, which could lead to a downwards [...]
Another knock to the Remoaners as mortgage lending boosted in August

September 22, 2016

Pre-referendum fears about a housing market slump have been squashed today after the Council of Mortgage Lenders published figures showing a jump in mortgage lending in August. There was a seven per cent month-on-month rise in mortgage lending in August, CML said, with the total amount borrowed reaching £22.5bn. Lending was up 15 per cent annually, [...]
Twitter explodes as David Miliband says Jeremy Corbyn is unelectable

September 22, 2016

True love will never die. David Miliband wrenched himself out of the political shadows today to defend Labour's centre-left values, and Twitter lost it. Writing in the New Statesman, Miliband wrote: "The main charge against Jeremy Corbyn is not just that his strategy is undesirable because it makes the party unelectable. That is only half the [...]
Londoners will pay a £30,000 premium to live in the congestion charge zone

September 21, 2016

Londoners are happy to pay extra for a home just inside the congestion charge zone, new research has revealed. According to research from the London School of Economics (LSE), homes inside the zone are £30,000 more expensive than the houses on the other side of the congestion charge boundary. Read more: House prices rebounded this month, hitting first-time buyers [...]
Brexhausted: The number of UK property transactions has plateaued as the market adjusts to new taxes and Brexit

September 21, 2016

The number of property transactions fell in August year-on-year as the market adjusted to a more uncertain economic environment. There were 97,600 residential transactions in August, 6.1 per cent lower than in the same month last year, when adjusted for seasonal variations. The figures from HM Revenue and Customs (HMRC) show little change on the number [...]
Sainsbury’s is opening a London fulfilment centre to stop Amazon gobbling up its customers

September 21, 2016

Sainsbury's is responding to London's growing hunger for online groceries by opening a new fulfilment centre in the capital. The retailer is expecting its online orders in London to double by 2024, and will meet that demand with a new warehouse in Bromley-by-Bow that can fulfil 25,000 orders per week. In total, the fulfilment centre will [...]
Zara owner Inditex posts sales rise of 11 per cent

September 21, 2016

The world's biggest clothing retailer – which owns brands such as Zara, Bershka and Pull & Bear – reported a like-for-like sales rise of 11 per cent this morning. Total sales increased to €10.47bn (£8.99bn) for the period from 1 February to the end of July. Profits jumped eight per cent annually, reaching €1.26bn (£1.08bn). Analysts had [...]
Nearly 18,000 people have signed a petition calling for Sadiq Khan to save the Curzon cinema in Mayfair

September 21, 2016

A petition to save the Curzon cinema in Mayfair – which is under threat of closure – has been signed by almost 18,000 people. The historic cinema has been on Curzon street since 1934, but it may be shut down after property developers made a noise complaint. Developers 38 Curzon Ltd want the cinema to pay for soundproofing [...]
Bonmarche’s shares plunge after company issues profit warning

September 21, 2016

Bargain clothes retailer Bonmarche's shares plunged 28 per cent after the company issued a profit warning. The company is lowering its profit forecast for the year to between £5m and £7m after trading in September was "extremely poor." Read more: Bonmarche names new chief executive Bonmarche's fortunes were hit by "unseasonably hot weather", the retailer said, which hampered sales of [...]

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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