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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Sports Direct shareholders advised to oppose re-election of Mike Ashley to the board

August 21, 2016

Sports Direct's shareholders have been advised to oppose the re-election of the company's founder Mike Ashley to the board after the retailer become embroiled in a scandal over the treatment of workers. Pensions and Investment Research Consultants (Pirc) said Ashley had been "highly criticised" by the Business, Innovation and Skills (BIS) select committee for the "appalling working [...]
Estee Lauder posts model results as it ploughs ahead with restructuring plans

August 19, 2016

Estee Lauder strutted its stuff today with a strong set of results, posting its fourth consecutive quarterly sales increase. The figures Estee Lauder's sales jumped 4.8 per cent in the quarter, with sales in the company's make up arm climbing 10.2 per cent to $1.13bn (£0.86bn). Net income dropped to $93.5m (£71.46m) – down by 25 cents per share – in the quarter [...]
Quiz: How much do you know about the Night Tube?

August 19, 2016

It's Night Tube day: everyone is gearing up for the long-awaited arrival of the best moment in London's history since Boris Johnson got stuck on a zipwire. It may seem like a simple concept (Tubes, all the time), but its inception was a political and logistical nightmare. So how much do you actually know about the Night Tube? [...]
Here’s why now is not a great time to try and sell your home

August 19, 2016

If you're trying to sell your home, now is probably a bad time to do it – demand has dropped by a third over the past year. In July, the number of house hunters registered fell to an average 298 per estate agent branch, a drop of 35 per cent year-on-year, according to the National Association of [...]
Rich Europeans exit prime central London homes

August 19, 2016

International tenants are falling out of love with prime central London homes. According to data from Hamptons International, the number of tenants in the centre of London has been falling steadily since May 2013, dropping by eight per cent between then and May this year. Fionnuala Earley, research director at Hamptons International, said the rental [...]
Shoreditch hipsters fail to drag financial services from the City

August 19, 2016

Financial services firms are still flocking to the City despite the attractions of hipster hubs such as Shoreditch and Old Street. Data from estate agent Stirling Ackroyd showed that between the the second quarter of 2015 and the first quarter of 2016 the number of financial businesses in City postcodes increased by 8.6 per cent. In [...]
UK Commercial Property Trust reports fall in asset value

August 18, 2016

UK Commercial Property Trust (UKCPT) reported a fall in the value of its assets per share yesterday, down by 0.2 per cent in the six months to the 30 June. The news comes after Norway’s sovereign wealth fund cut the value of its UK real estate holdings due to the Brexit vote and the uncertainty [...]
Kingfisher brushes off Brexit with strong performance in UK – but has been struggling in France

August 18, 2016

Brits are doing all the heavy lifting for Kingfisher's sales, as the business has brushed off Brexit – but faces trouble on the other side of the channel. The figures Kingfisher's like-for-like sales were up by three per cent but, as retail anaylst Nick Bubb points out, the results are "very mixed". In the UK, overall sales were up 7.2 [...]
Asda just had its worst quarterly performance on record

August 18, 2016

The supermarket price war is hurting Asda, as it emerged today that sales for the company fell by 7.5 per cent in the three months to 30 June – its worst quarterly performance on record. Doug McMillon, chief executive of parent company Walmart, said: "In the UK, the competitive environment and food deflation continued to challenge the market, significantly [...]
“One swallow does not make a summer” – how analysts reacted to the ONS retail figures

August 18, 2016

The pound has hit a two-week high against the dollar after retail sales figures received an unexpected Brexit boost. The retail industry has earned a "gold medal" for its performance in July, according to Ian Gilmartin, Barclays' head of retail, as retailers "gained a boost from brighter weather" – but analysts haven't been all positive; many have welcomed [...]

Sainsbury’s threatens to crack down on shoplifters caught swapping eggs

What next for LIV Golf and Newcastle United after Saudi PIF strategy shift?

The watch podcast disrupting the ‘pale, male and stale’ image

By: Helen Cahill

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