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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Derwent London’s share price suffers as the property company downgrades rental forecast

August 11, 2016

Property landlord Derwent London's share price fell this morning after the company lowered its rental growth forecast due to the Brexit vote. In its interim results for the half year ending 30 June, Derwent London said: "the outcome of the EU referendum may lower activity", and reduced its estimate of rental growth from between five and eight per [...]
DFS’ share price jumps as the company upgrades full-year forecast

August 11, 2016

DFS' share price was up over 13 per cent this morning after the company said its results for the full year would hit the top end of its expectations. "In light of second half of trading, the board expects DFS to deliver record performance for the full year with results towards the upper end of market [...]
Housing market activity fell after the EU referendum, according to chartered surveyors

August 11, 2016

Activity in the housing market is projected to weaken in the coming months, according to chartered surveyors. The Royal Institute of Chartered Surveyors (RICS) said house price growth faltered in July and the outlook for house price growth "remains negative" in the aftermath of the Brexit vote and changes to stamp duty tax on second homes. Read more: Everything [...]
M&S chief Steve Rowe comes under pressure from MPs over proposed pay cuts for shop staff

August 11, 2016

M&S boss Steve Rowe has received letters from six MPs asking him to reconsider cutting pay for his shop staff, City A.M. understands. One letter sent to Rowe from Alison Thewliss of the SNP read: "It is clear that there is increasing cross-party condemnation of businesses who seek to exploit their employees at a time [...]
House prices in the City and its fringes have boomed in the last five years

August 11, 2016

House prices in the City and the surrounding boroughs have soared over the past five years as the centre of London has become a more attractive place to live. City fringe areas such as Clerkenwell, Shoreditch and Wapping have proven particularly popular, where prices have jumped by 47 per cent since 2011, according to research [...]
Aviva’s property fund may be closed for up to eight months due to uncertainty surrounding the Brexit vote

August 10, 2016

Aviva's property fund will be closed for six to eight months, meaning investors wanting to withdraw their cash won't be able to do so until next year. In a note issued to investors, Aviva said: "Property sales may be more difficult to execute in the current environment due to market uncertainty. Read more: Aberdeen Asset Management lifts [...]
Sir Philip Green is now the fourth richest man in the UK after the death of the Duke of Westminster

August 10, 2016

Sir Philip Green is now the fourth richest person in the UK after the death of billionaire landowner Gerald Cavendish Grosvenor, the former Duke of Westminster. The duke was the UK's third richest person until he died last night at the age of 64. His fortune was estimated at £8.3bn by Forbes magazine. Read more: Holiday like [...]
How to holiday like a retail tycoon: Here’s everywhere Sir Philip Green’s yacht has been since he was labelled “the unacceptable face of capitalism”

August 10, 2016

Sir Philip Green's Aegean summer cruise has come under intense scrutiny since MPs labelled him "the unacceptable face of capitalism" last month – but save for a few sightings, the whereabouts of Green's £100m yacht has been something of a mystery. Until now. Using publicly-available data, City A.M. has literally joined to dots to find out what [...]
First-time buyers secured more mortgages in June than at any other point since August 2007

August 10, 2016

First-time buyers boosted mortgage lending in June as tax changes designed to deter buy to let landlords took effect. June mortgage lending was up by 29 per cent month-on-month, according to lending data from the Council of Mortgage Lenders (CML). Mortgage lending was up by 12 per cent compared to the same month last year. First-time [...]
Vendors trying to shift property after the Brexit vote have cut prices by nearly 10 per cent in some parts of London

August 10, 2016

Vendors trying to shift their property in the aftermath of the Brexit vote and stamp duty changes are cutting prices by nearly 10 per cent in some parts of London. Data from Zoopla shines a light on just how many houses have had their prices reduced, and by how much. Read more: Here's everything you need to [...]

‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain

Manchester City: Sheikh Mansour faces calls for ban from English football over UAE links to genocide

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

By: Helen Cahill

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