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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MPs slammed Mike Ashley today – but have finally accepted his invitation to visit the Shirebrook warehouse

July 22, 2016

MPs investigating the working conditions at Sports Direct's Shirebrook warehouse have finally accepted Mike Ashley's invitation to see the site for themselves. Ashley has been desperate for the Business, Innovation and Skills (Bis) committee to visit the warehouse, presumably because he hopes they won't think it's that bad. If you're wondering how bad it was, read this testimony [...]
Four of the most jaw-dropping working practices at Sports Direct

July 22, 2016

The dire working practices at Sports Direct have come under the spotlight again today as the Business, Innovation and Skills committee released the report outlining its findings on the company – and it wasn't pretty. Founder Mike Ashley has started a review looking at the conditions at Sports Direct's Shirebrook warehouse and in its stores, which [...]
Here’s the most shocking testimony from the workers at Sports Direct

July 22, 2016

Sports Direct's founder Mike Ashley has come under intense pressure from MPs to fix the dire working conditions at his Shirebrook warehouse and in his stores. In a report released today, the Business, Innovation and Skills select committee outlined just how bad it is to work at Sports Direct as an agency employee. Read more: MPs [...]
Sports Direct faces labour market offences probe

July 21, 2016

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Weak sterling is proving to be a sweet deal for Tate & Lyle

July 21, 2016

Splenda-maker Tate & Lyle said this morning that the weakness of sterling is benefiting the company. If currency rates remain as they are for the rest of the year their "reported earnings would increase strongly", Tate & Lyle said. Tate & Lyle has announced a "strong" start to the year as it benefits from a programme [...]
Biggest fall for retail sales in six months in June, says ONS

July 21, 2016

UK retail sales have been hit by the largest month-on-month decline for six months in June, according to the Office for National Statistics (ONS). Compared to May, the quantity purchased in the retail industry decreased by 0.9 per cent, and the amount spent also fell by 0.9 per cent. Economists had been predicting a fall [...]
Demand for commercial property “subdued” and could hit rents, says Land Securities

July 21, 2016

Land Securities' chief executive has warned today that occupier demand for commercial property is likely to be "subdued" – and that rental values could be hit as a results. CEO Rob Noel released a statement ahead of Land Securities' annual general meeting today saying the company expects uncertainty to continue while the UK negotiates its Brexit [...]
Investors are getting cold feet about UK commercial property since Brexit

July 21, 2016

The commercial property market is grappling with a drop in confidence and investor demand after the Brexit vote, according to survey by the Royal Institute of Chartered Surveyors (RICS). The RICS survey of chartered surveyors found 36 per cent of respondents feel commercial property is at the start of a downturn. Read more: Commercial property rents in London face [...]
Debenhams target share price cut by Investec due to post-Brexit foreign exchange concerns and an expected slowdown in UK demand

July 20, 2016

Brexit is beginning to bite for retailers. Investec this morning said Debenhams face a "foreign exchange headwind" that will hit the department store in 2018. Read more: Debenhams raids Amazon for new chief executive Retail analyst Kate Calvert cut Debenhams' target share price to 52p. The cut comes after analysts expressed concerns about Sports Direct at the beginning of the [...]
A luxury flat in this Nine Elms development failed to sell even after its price had been slashed from its 2013 level

July 20, 2016

In further signs that the luxury housing market in London is starting to sag, it has emerged a sub-penthouse in the Nine Elms development has failed to attract a buyer willing to take it for its 2013 price-tag. An advertisement on property portal OnTheMarket.com showed an investor in one of the phases in the Nine [...]

Energy price cap: Household bill spike could be lower than originally feared

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

In the watch world, exposed movements usurp the vintage revival

By: Helen Cahill

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