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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Here’s why parts of London’s prime rental market have been boosted by Brexit vote

August 3, 2016

Data released today suggests that there are sections of the prime rental market in central London that have benefited from Brexit. According to data from London estate agents Portico, rent prices for two-bed properties in Kensington and Chelsea have gone up by 0.4 per cent from May to July. The average rental price for a [...]
Next’s share price is riding high after its trading update – but analysts’ reactions are a mixed bag

August 3, 2016

The markets have responded positively to Next's second quarter update this morning, after the company announced sales were up 1.8 per cent so far this year – but analysts' reactions have been mixed. Augustin Eden, a research analyst at Accendo Markets said investors "shrugged off a disappointing trading update" as Next's share price rose after the [...]
Ex-Dior designer Raf Simons crowned chief creative officer of Calvin Klein

August 2, 2016

Ex-Dior designer Raf Simons has been appointed as chief creative officer of US fashion house Calvin Klein. Simons left Christian Dior last October after three years heading up the iconic French brand. Read more: Burberry has just moved further into the Chinese market In a statement on Facebook, Calvin Klein said: "Mr Simons will lead the [...]
New York deli Dean & DeLuca is setting up shop in Mayfair

August 2, 2016

Famous New York deli Dean & DeLuca is bringing its gourmet food offering to Mayfair. The shop – favoured by celebrities such as Taylor Swift and Helen Mirren – is opening on 117 Mount Street early next year, joining big name brands such as Christopher Kane and Roksanda. Read more: London's most exclusive postcodes now home [...]
Housebuilders’ share prices suffer after construction output falls

August 2, 2016

The post-Brexit vote rollercoaster for UK housebuilders is getting a bit predictable. After disappointing construction data was released this morning – albeit not as bad as expected – the big housebuilders' shares have taken a hit once again. Read more: Construction output tumbles at fastest pace since 2009 At time of writing, Berkeley Group's share price was [...]
Bad news for estate agents: LSL property services says housing transactions likely to “remain suppressed” in coming months

August 2, 2016

Residential property services group LSL Property Services said this morning that it expects housing sales volumes to "remain suppressed" in the coming months. The outlook from the company – which reported it interim results this morning – comes as new research was released showing that home ownership has fallen to a 30-year low. Read more: Everything [...]
Construction supplier Travis Perkins says demand weakened after the Brexit vote – and says housing transactions are “unlikely to be positive” after the Brexit vote

August 2, 2016

Builder's merchant Travis Perkins share price was hit this morning after the company said sales growth in July was knocked by the Brexit vote. The construction materials supplier's share price fell by 2.72 per cent in morning trading, despite announcing in its interims that like-for-like sales were up by 3.1 per cent in the six months to the end [...]
Westfield shopping centre in Stratford expects more visitors in 2016 than it received in the year of the Olympics

July 29, 2016

Westfield's Stratford shopping centre is expecting higher footfall than it had in the year of the Olympics, thanks to regeneration in Stratford. John Burton, Westfield's head of development, said there had been a plan to have 4,000-5,000 new homes built in Stratford – but now, 10,000 new homes are expected in the Stratford City site. Read more: Westfield to create [...]
US second quarter GDP was weaker than expected – and first quarter growth has been revised down

July 29, 2016

US GDP has missed expectations in the second quarter coming in at 1.2 per cent – far below the forecast 2.5 per cent. To make things worse, GDP growth in the first quarter was also revised downwards from 1.1 per cent to 0.8 per cent. Consumer spending – which makes up most of US GDP – grew [...]
Petition to block M&S’ pay cut plans draws over 20,000 signatures in three days

July 29, 2016

Pressure is mounting on M&S' chief executive Steve Rowe to cancel a pay cut for his staff as an online petition to block the plan has received nearly 20,000 signatures in three days. The company is consulting its staff over cutting premium pay on Sundays, and cuts to pay for bank holidays and employees working at anti-social hours, which could [...]

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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