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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Berkeley Group just had a massive rant about London’s housing crisis, saying it “poses a risk to deficit reduction”

September 6, 2016

Housebuilder Berkeley Group had made its feelings on London's housing crisis very clear this morning, slamming government housing policy and saying the problems "pose a risk to deficit reduction". Berkeley Group said this morning: "What is increasingly clear is that government policy, which has been helpful outside London, has had a negative effect on the [...]
Bayer and Monsanto in “advanced” merger talks after German chemical giant ups its offer

September 6, 2016

German chemical giant Bayer has upped its offer for Monsanto to $65bn (£49bn) – and the seed-maker finally seems interested. In a statement, Bayer said it was in "advanced negotiations with Monsanto" over the acquisition. While the details have not been thrashed out, Bayer said it would offer $127.50 a share to take over the US seed [...]
Retail sales sunk back in August in a “U-turn” of fortunes for the sector

September 6, 2016

Retail sales slowed in August, representing a "U-turn in retail fortunes" compared to figures from July. Overall sales fell by 0.3 per cent – the biggest month-on-month decline since September 2014, according to data from the British Retail Consortium (BRC) and KPMG. Like-for-like sales were down 0.9 per cent as compared to August last year; on [...]
Marks & Spencer confirms cull of its head office staff

September 5, 2016

Marks and Spencer has confirmed it will cut 525 jobs in its head office to ensure the business can "work more simply and efficiently". The business will be entering a consultation with employees over the changes which will also result in the number of staff based in London decreasing by around 400, with IT and logistics jobs [...]
Liberum analysts urge Sports Direct shareholders to “align their interests” with Mike Ashley’s

September 5, 2016

Investors are competing to see who can shout the loudest over the questionable corporate governance of Sports Direct – but one set of analysts has urged investors to "align their interests with those of the founder" Mike Ashley. Liberum analysts said today that shareholders only need to look at Sports Direct's past to understand. Things aren't actually bad for [...]
The tallest residential skyscraper in Western Europe is coming to London Docklands – this is what it will look like

September 5, 2016

Londoners will soon get the chance to live in Western Europe's tallest residential skyscraper. The £800m tower, set for London Docklands, is being built by Chinese firm Greenland Group and will be 67 storeys tall, housing 861 apartments. But don't worry – getting to the top won't take long. There will be nine lifts travelling between floors at [...]
Four improvements which need to happen before Oxford Street can be pedestrianised

September 5, 2016

Sadiq Khan is under pressure to remove buses from Oxford Street to clear the way for happy shoppers – but before Oxford Street is pedestrianised there are a lot more changes the London Assembly have in mind. The London Assembly's Transport Committee wrote to Sadiq Khan today, suggesting ways to help the pedestrianisation of the street happen. Here are [...]
Estate agent Belvoir says Brexit vote and stamp duty “unsettled” the property market

September 5, 2016

UK property franchise Belvoir Lettings said this morning the property market had been "unsettled" in the lead up to the Brexit vote. Chairman and chief executive Mike Goddard said demand for property remains strong, but added that tax changes for buy to let landlords, combined with the EU referendum, meant the market's growth in the first [...]
MPs and campaigners deliver petition against M&S pay changes to the retailer’s flagship store

September 1, 2016

MPs and campaigners turned up at Marks and Spencer's flagship store in Marble Arch today to deliver a petition – signed by 90,000 people – voicing concerns about the company's proposed pay cuts. Under the proposed changes, staff will lose the pay premiums they receive for working on Sundays and Bank Holidays and will face reduced pension [...]
These are Britain’s ugliest new buildings

September 1, 2016

Ugly new buildings are popping up all the time, but only the biggest crimes in British architecture make it onto the Carbuncle Cup's shortlist. The list, compiled by design experts for architect trade bible Building Design, is a real horror show this year – and London is well represented. The City has, of course, made the shortlist, [...]

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By: Helen Cahill

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