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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Mortgage approvals fell to 18-month low in the first full month since the Brexit vote

August 30, 2016

Mortgage approvals hit an 18-month low last month, according to figures from the Bank of England. In the first full month after the Brexit vote, approvals fell to 60,912 – down from 64,152 approvals in June. The number of approvals has been falling since March, when the stamp duty hike on second homes came into effect. There [...]
Iconic Art Deco cinema in east London to be knocked down and turned into a Lidl

August 30, 2016

One of the few Art Deco cinemas remaining in London is set to be knocked down and replaced by a Lidl. The Towers Cinema on Hornchurch High Street, which is 80 years old, will be bulldozed despite local residents opposing the plans. Hundreds of residents signed a petition calling for councillors in Havering to protect the [...]
House price growth is driving up prosperity outside London – here are the cities that beat the capital

August 30, 2016

London remains the most prosperous city in the UK – but rising house prices are creating wealth hot-spots in areas outside the capital. House prices have grown faster in both Bristol and Cambridge, up by 14 per cent and 13 per cent respectively over the past year, according to Barclays. In London, prices have increased [...]
Slater and Gordon swings to a AU$1bn loss

August 30, 2016

Shares in Slater and Gordon (S&G) fell 15 per cent on the ASX 200 after the Australian law firm posted a chunky net loss today. The figures The group, which is based in Sydney, announced a net loss of AU$1.02bn (£590m) in the 12 months to June – down from a profit of AU$62.4m last year. The results – which S&G's managing director Andrew Grech [...]
Hammond to take on Cabinet colleagues over access to the EU single market

August 28, 2016

Chancellor Philip Hammond is to set out plans for Britain to stay in the single market at a meeting of Cabinet ministers this week, but is likely to face resistance from his colleagues. According to the Sunday Times, Hammond will look for access to the single market "on a sector by sector basis" – with financial services [...]
US hedge fund eyes up property in European countries set to benefit from Brexit

August 28, 2016

US hedge fund Marathon is investing in property in European hubs that it expects will benefit from Britain leaving the EU. The $13bn (£9.9bn) fund is looking at Germany, Ireland, France and the Netherlands in particular, according to the Financial Times. Bruce Richards, co-founder and chief executive of Marathon, said these countries "have the most stable outlook [...]
EDF chief urges government to approve Hinkley Point

August 28, 2016

The boss of the company looking to build the Hinkley Point nuclear power station has urged government to move forward with the plans. EDF's chief executive Vincent de Rivaz has intervened to defend the £18bn project after the UK government pushed back the decision date for the power station; a verdict from Prime Minister Theresa [...]
Germany expects up to 300,000 migrants to arrive this year

August 28, 2016

Germany is preparing for a possible 300,000 migrants to enter the country this year – but the nation's leaders are convinced they can manage the influx of people. Speaking to German newspaper Bild, Frank-Juergen Weise, the head of the country's Federal Office for Migration and Refugees, said: "We can do it. Despite problems we have had [...]
Theresa May tells Cabinet ministers to come up with a plan for Brexit

August 28, 2016

Prime Minister Theresa May is forcing her Cabinet ministers to come up with a plan for Brexit ahead of a meeting at Chequers, her country retreat. May is ploughing ahead with Britain's plan to leave the European Union; it emerged yesterday she has been talking to lawyers about avoiding a parliamentary vote on Brexit before triggering Article 50. Now, it [...]
Final BHS stores set to close after 88 years on the high street

August 28, 2016

BHS will disappear from the high street today after 88 years of trading, as the final 22 stores are set to shut. Administrators Duff & Phelps decided to start winding down the business in June when it became clear no buyer would take it on as a going concern. Read more: Holiday like Philip Green – the [...]

Starmer urges TNT Sports to air Champions League final for free

Enhanced Games sells drugs and true cost won’t be known for many years

Jinkx Monsoon’s Judy Garland musical proves drag is serious art

By: Helen Cahill

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