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.

All 1158 Articles

JD Sports warns Brexit may cause “headwinds on margin” next year

September 13, 2016

JD Sports' share price has hit a record high after the company reported a jump in profits today — but the retailer has warned that the fall in sterling could cause some headwinds next year. The figures Pre-tax profits for the sports fashion retailer grew by 66 per cent for the 26 weeks to 20 July, reaching £77.4m as [...]
Ocado posts strong results – but the company is worried about the ongoing supermarket price war

September 13, 2016

Ocado, the food delivery service, celebrated a positive set of results today but said the supermarket price war will drag on for some time. The group's share price slumped nine per cent in early trading on the news. The figures Sales at the group were up 15.4 per cent, reaching £314m for the 12 weeks to 7 August. Ocado's retail [...]
Raft of positive data from China lifts Asian markets

September 13, 2016

Markets in Asia have been reacting to a raft of positive data from China, as both retail and industrial figures beat economists' expectations. In August, industrial production was up 6.3 per cent year-on-year, according to China's National Bureau of Statistics. This was up from six per cent growth in July – and it just beat [...]
Three former Tesco executives have been charged by the SFO in relation its accounting scandal

September 9, 2016

Three former Tesco executives have been charged with fraud by the Serious Fraud Office (SFO) in relation its accounting scandal. The ex-financial director Carl Rogberg, former commercial director John Scouler and the former UK managing director Christopher Bush have been charged for their role in the retailer's profit overstatement. They have each been charged with one count of [...]
John Lewis boss confirms he is standing for Mayor of the West Midlands

September 9, 2016

John Lewis' boss Andy Street has unmasked his ambition to become the mayor of the West Midlands. The retail head will stand as a Conservative candidate – in an area where all but one of the local authorities are run by Labour – and has said he will step down as the John Lewis chief if [...]
The number of jobs available in London has fallen by 20 per cent

September 9, 2016

The number of London-based jobs available has fallen by 20 per cent since this time last year. According to data from recruitment consultancy Morgan McKinley, there has been a four per cent month-on-month increase in the number of jobs and a four per cent increase in London professionals seeking jobs. Morgan McKinley said this was "remarkable" given the recent Brexit vote. Read more: [...]
The Investor Forum doesn’t want any more “quick fixes” from Sports Direct

September 9, 2016

Influential shareholder group the Investor Forum has said today that Sports Direct "can't have any more quick fixes" in its bid to reform its corporate governance. Phineas Glover, senior adviser at the Investor Forum, said a meeting with Sports Direct's founder Mike Ashley on Wednesday – after the company's AGM – was the "frankest exchange of views [...]
“I am not in control of the process”: Philip Green denies trying to blackmail the Pensions Regulator over the BHS Pension scheme

September 9, 2016

Sir Philip Green has hit back at allegations he has tried to blackmail The Pensions Regulator in his ongoing negotiations over BHS' pension deficit. The retail tycoon – who sold BHS to serial bankrupt Dominic Chappell for £1 – said he was "not in control of the process". He said: There have also been suggestions [...]
Wetherspoon’s boss Tim Martin slams everyone who backed Remain in a lengthy essay

September 9, 2016

On announcing his company's preliminary results this morning, JD Wetherspoon chairman Tim Martin took the opportunity to slam David Cameron and George Osborne for their conduct during the referendum campaign. In great detail, Martin listed the people who forecast a disastrous downturn for the country, in some cases, even citing the newspaper article they were featured in. [...]
High street sales struggled for the seventh month in a row in August

September 9, 2016

High street retailers haven't managed to increase sales since the beginning of the year, according to data released today. Sales fell by 1.5 per cent year-on-year in August, which is the seventh month in a row of no growth for the sector, according to accountants BDO. Consumer confidence has bounced back somewhat since its immediate trough [...]

Two top flight clubs in same league to be owned by same firm after major sport decision

Premier League’s smallest stadium gets approval to begin £90m rebuild

This hotel on the Elizabeth Line is 30 minutes from London but feels totally remote

By: Helen Cahill

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