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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Prices for central London’s luxury homes are falling – but outer areas are becoming less affordable

September 21, 2016

London's luxury homes are set to have their prices cut by nearly 10 per cent this year, but prices in the capital's outer boroughs will continue to become less affordable, according to new research. Property services giant Savills has predicted prices on high-end homes in central London will drop by nine per cent this year and won't return to growth [...]
West End gets Brexit boost from overseas shoppers as sales to tip over £9bn for the first time

September 21, 2016

Overseas shoppers are flocking to the West End to spend their cash since the fall in the value of the pound – and the Brexit boost is set to tip sales for the district over £9bn this year. Jace Tyrrell, chief executive of the West End lobby group New West End Company, says London's premiere shopping district [...]
Sports Direct share price rises on news of independent corporate governance review

September 20, 2016

Sports Direct's share price has risen on news the embattled retailer has bowed to calls from investors for an independent review of corporate governance and working practices. The retailer initially insisted on using its own law firm, RPC, to conduct the review – but has now said it is willing to make it completely independent. The retailer's [...]
“I do travel to work by helicopter” – Mike Ashley tries to seem humble on TV and fails

September 20, 2016

Sports Direct's founder Mike Ashley has said this morning that he travels to work by helicopter "because it's more efficient". Ashley went on BBC breakfast this morning following an announcement that the company will be conducting an independent review of working practices and corporate governance, and answered questions about the moment he pulled out a wad [...]
Supermarket sales continue to edge upwards in the months following the Brexit vote

September 20, 2016

Supermarket sales continued to edge upwards this month, increasing by 0.3 per cent for the three months ending 11 September. The growth was against a backdrop of price deflation of 1.1 per cent. Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, said: “While overall sales growth has been slow, consumers have been keen [...]
Small housebuilders are struggling to find appropriate land to build on

September 20, 2016

The biggest challenge for small and medium housebuilders in the UK is the lack of suitable land to build on, a survey has found. The report from the Federation of Master Builders (FMB) has revealed two thirds of medium sized developers can't find land to develop, making it impossible to build enough homes to meet [...]
Designer exports from the capital set to soar on the back of London Fashion Week

September 19, 2016

London's high-end fashion brands are in high demand – and London Fashion Week is expected to boost exports even further. According to the Department of International Trade, the sales of UK designer clothes have grown by 20 per cent in the last decade and are now worth between £2.5bn and £2.9bn. As a whole, the UK [...]
Kingsfisher is looking for a new London headquarters

September 19, 2016

Kingfisher is looking for a new London headquarters, it has emerged, which is set to boost the commercial property market after the difficulties facing the sector following the Brexit vote. According to the Telegraph, the retailer behind B&Q and Screwfix is looking for a HQ of 300,000 square feet, and has appointed Cushman & Wakefield to find the [...]
Govia is embarking on a timetable shake-up to win back support from disgruntled passengers

September 19, 2016

Govia Thameslink Railway is planning a timetable shake-up with the aim of providing new connections and faster journeys. Govia has been beset by problems recently due to a dispute with train guards on its Southern railway service, but is now trying to win back customer loyalty with its plans for new services. Read more: A (partial) defence of [...]
House prices rebounded in September after the Brexit vote lull

September 19, 2016

UK house prices are rebounding from the lull that immediately followed the Brexit vote, according to data from Rightmove. Asking prices have increased 0.7 per cent month-on-month, Rightmove said. In the weeks after the Brexit vote, Rightmove found that prices fell by 0.9 per cent. But first-time buyers are finding it increasingly difficult to get on [...]

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By: Helen Cahill

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