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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London’s tallest office buildings still command sky-high rents post-Brexit vote

September 15, 2016

Fears have been mounting about the future of commercial property after the nation voted to leave the EU, but London's skyscrapers remain some of the most expensive office space in the world. London skyscrapers still command the fourth highest rental value in the world, beaten only by Hong Kong, New York and Tokyo, according to [...]
Home purchase lending fell by 13 per cent in the month following the Brexit vote

September 14, 2016

The first figures on mortgage lending to cover the full month since the Brexit vote show that lending to home owners fell 13 per cent month-on-month in July, and 12 per cent year-on-year. According to the Council of Mortgage Lenders (CML), the amount of borrowing from first-time buyers has also declined month-on-month and the buy to let market has [...]
Galliford Try’s share price jumps as it raises dividend

September 14, 2016

Housebuilder Galliford Try's share price jumped six per cent this morning after the company said it would be raising its dividend. In its annual statement for the year ending 30 June, Galliford Try said it would be raising its dividend by 21 per cent to 82p per share. The housebuilder posted record profits of £1.35bn [...]
Martin & Co’s share price jumps as company hails recovery in the lettings market

September 14, 2016

Property group Martin & Co's share price jumped more than seven per cent in early morning trading as the company hailed the recovery of the lettings market after the Brexit vote and raised its interim dividend 11 per cent to 2p per share. The group said this morning that business for estate agents had been dampened by [...]
Developer Irvine Sellar submits plans for the Paddington Cube to Westminster City Council after “The Shard of west London” was rejected

September 13, 2016

Revised plans for a £775m development near Paddington Station have been submitted to Westminster Council. The plans from Great Western Developments and Sellar Paddington Limited (SPL) will transform the former Royal Mail site to create a 360,000 sq ft cube-shaped office block, which will be 14 storeys tall. A decision on the proposal is expected in [...]
The kids heading back to school drove sales at John Lewis as the warmer weather continued to help Waitrose

September 13, 2016

The John Lewis Partnership's sales have been boosted by the summer sun and families stocking up for the start of the school year. In the week to 10 September, sales at John Lewis were up 9.1 per cent on the same period last year, reaching £82.7m. Fashion sales did particularly well, up by 6.8 per cent. Children's [...]
BIS committee chair urges Mike Ashley to leave employment agency Transline Group behind

September 13, 2016

Iain Wright, the chair of the Business, Innovation and Skills (BIS) select committee is pushing Sports Direct's founder Mike Ashley to ditch Transline Group, the agency that supplies workers for his Shirebrook warehouse. The BIS committee said in a report on the working practices at Shirebrook that Transline Group had been misleading in evidence given during [...]
M&S boss Steve Rowe declines to meet MPs to discuss pay cuts for his staff

September 13, 2016

M&S boss Steve Rowe has rejected an invitation to meet MPs to discuss the pay changes he is making for his staff and he has refused to accept their suggestion that he should commit to a three-year pay freeze. Some 70 MPs wrote to Rowe last week to complain about the pay changes he is making for employees, [...]
House prices continued their upward climb in July, according to the Office of National Statistics

September 13, 2016

House prices increased by 8.3 per cent in the year to July, according to the Office of National Statistics (ONS) – falling from 9.7 per cent growth in the year to June 2016. The average UK house price increased to £217,000 in July 2016, a £17,000 increase on July last year. That made the average [...]
Here’s why Ocado’s share price has slumped this morning

September 13, 2016

Ocado's share price fell more than 10 per cent in early trading this morning, despite the company announcing retail sales growth of over 13 per cent. The stock had dipped by almost 15 per cent before noon, in a sell-off sparked by comments from the delivery service's chief executive Tim Steiner, who said the company is facing continued margin [...]

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By: Helen Cahill

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