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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North Korea shakes global community with fifth nuclear test

September 9, 2016

North Korea has claimed to have successfully carried out its fifth nuclear test – just hours after an earthquake was detected near its nuclear test site. The South Korean President Park Geun-hye has slammed the test, saying the act of "self-destruction" presented a serious challenge for the global community, and showed North Korea's "maniacal recklessness". Park said: [...]
House prices in Chelsea fell by nearly nine per cent last month

September 8, 2016

Prices on high-end homes in Chelsea fell by nearly nine per cent last month as stamp duty and the Brexit vote weighed on the market. According to research by estate agents Knight Frank, house prices in Chelsea dropped by 8.9 per cent year-on-year in August. Overall, prices for prime central London homes fell by 1.8 per [...]
Post Office workers set to strike next week

September 8, 2016

Thousands of workers will be carrying out a 24-hour national strike next week due to a dispute about branch closures, jobs and pensions. The strike – planned for 15 September and organised by the Communication Workers Union (CWU) – comes after the Post Office announced it would be closing its pension scheme. Eighty-three per cent of CWU [...]
Class War activists are descending on Foxtons Islington to have another brawl

September 8, 2016

Anarchist group Class War are set to take to the streets of Islington again to kick-start some trouble with Foxtons estate agents. Foxtons and Class War have already clashed on the pavements on the leafy north London borough. The clans fought in front of Boris Johnson's house on 15 July; three Foxtons estate agents lost their jobs. Now, Class War [...]
Investment trust Secure Income Reit has bought 55 Travelodges

September 8, 2016

Secure Income Reit (SIR) – which owns real estate assets such as Alton Towers and Thorpe Park – has today announced the acquisition of 55 Travelodge hotels. The £196m acquisition is expected to increase SIR's rents by £13.7m; SIR expects a yield of seven per cent, which will rise to 7.3 per cent in October next year. The [...]
Wireless headphone sales have soared at John Lewis after the launch of Apple’s iPhone 7

September 8, 2016

Sales of wireless headphones at John Lewis have soared after Apple's recent unveiling of its wireless Airpod headphones. Wireless headphone sales were up 60 per cent week-on-week, John Lewis said, as "tech savvy customers are ready for a change" on the announcement that the next iPhone will not have a headphone jack. Katrina Mills, buyer [...]
Zoopla’s share price edges upwards as it announces operating profit will be at the top end of expectations

September 8, 2016

Online property portal Zoopla – a favourite among those who enjoy window-shopping for homes – said today that its operating profit will come out at the top end of its expectations this year. Zoopla's share price edged up 1.5 per cent in early morning trading on the news. The company owns several of the UK's digital platforms, including [...]
Micro Focus and HP Enterprise agree tie-up to create UK tech giant

September 8, 2016

Hewlett Packard Enterprise and UK-based Micro Focus are set to create one of the country's largest tech firms in a deal valued at around $8.8bn (£6.6bn). Shares in Micro Focus rose by 21.28 per cent in early trading today. Hewlett Packard Enterprise will merge most of its software assets with Micro Focus, which will pay the [...]
Sports Direct chairman Keith Hellawell tells City A.M.: “My past is dealing with child murderers, I don’t have a problem saying no in board meetings”

September 8, 2016

As Mike Ashley stood sweating under the lights of TV cameras in Sports Direct’s warehouse yesterday, he urged journalists to allow investors some room. Everyone wore high-visibility jackets, but the shareholders were relatively hard to see. The company’s founder had no real intention of listening to investors, though; he was just keen to manage the [...]
Sports Direct investors vote against chair Keith Hellawell’s re-election as he vows to leave next year if he fails to win over shareholders

September 7, 2016

Investors in troubled British retailer Sports Direct today voted against the re-election of chairman Keith Hellawell as chairman of the board – but he's not in any rush to leave. Hellawell said he will step down next year if he does not receive the backing of independent shareholders at the 2017 annual general meeting (AGM), after 53 [...]

Drinking in stands hailed as success as more clubs join WSL pilot scheme

Judge awards McLaren F1 team over $12m in Alex Palou trial

This Soho pub is putting on a ‘problematic’ show about a drunkard

By: Helen Cahill

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