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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Burberry announces £100m share buyback after management reshuffle

July 20, 2016

Burberry announced this morning that it is undertaking a £100m share buyback programme, which will be conducted by Morgan Stanley. The buyback will start today and end on 18 April 2017 at the latest, Burberry said. Burberry's share price edged up 0.31 per cent on the news. Read more: Burberry's share price jumps on first quarter [...]
Pension auto-enrolment is getting more UK workers saving for the future

July 20, 2016

In a sign that UK workers are starting to save again since the financial crisis hit, new data shows that the total annual pension contributions made in the UK has increased by nearly a fifth since 2010. Analysis of HMRC data by Prudential shows workers paid £9.03bn into pensions in 2014-15, up from the £7.71bn contributed in 2010-11. [...]
Over 65s face less inflation than millennials due to the supermarket price war

July 19, 2016

The over 65s have the lowest real inflation rate of any age group because of the supermarket price war, according to research from Fidelity International. The report from Fidelity shows the over 65s experience an inflation rate of 0.3 per cent, while millennials (under 30s) face an inflation rate of 0.9 per cent – the highest of any [...]
Here’s how much the average house price increased in the year to May

July 19, 2016

Average house prices in the UK increased by 8.1 per cent in the year to May 2016 – unchanged from the year to April. The average UK house price was £211,000 in May – £16,000 higher than in the same month last year, and £2,400 higher than in April, according to the Office for National Statistics [...]
Sales of prime central London properties are now lower than they were in 2008

July 19, 2016

Transaction volumes in prime central property have dipped lower than their last trough in 2008, according to research from property data company LonRes. In the second quarter of this year, there were only 286 sales in prime central London property recorded, lower than the 347 sales recorded in the fourth quarter of 2008. Read more: Buy to [...]
Legal & General has bumped up the price of its property fund saying saying conditions have stabilised

July 18, 2016

Legal & General has increased the price of its property fund, saying conditions have stabilised since the week in which several similar funds suspended trading. The firm has reduced the fair value adjustment on its property fund from minus 15 per cent to minus 10 per cent, which led to the fund price going up by 4.3 per [...]
Young people actually prefer physical shops more than any other age group

July 18, 2016

The success of online retail is less dependent on iPhone-obsessed millennials than you may think, according to new research by British Land. Young people are actually more likely to visit an physical shop than any other age group. They are also most likely to browse items in a physical store, and order online later if what they want isn't in stock. [...]
Footfall dropped by the largest amount for two years in June

July 18, 2016

The UK was hit by the largest decline in footfall for two years last month, down by 2.8 per cent compared to June last year. The high street suffered the worst decline in footfall of all the locations monitored, with the number of shoppers falling by 3.7 per cent year-on-year, according to a report by [...]
Here’s how far house prices fell after the Brexit vote, according to the first data on property values since the referendum

July 18, 2016

House prices fell by 0.9 per cent this month, equivalent to £2,647, according the first data showing how property prices have been impacted by the Brexit vote. Rightmove's report on the value of homes coming to market also found enquiries in the two weeks after the referendum were down by as much as 16 per cent compared to the same period [...]
British Land says investors will be cautious after the Brexit vote

July 18, 2016

FTSE 100-listed commercial property giant British Land said this morning it expects investors and occupiers to take a cautious approach to property in the aftermath of the Brexit vote. The figures Since the EU referendum vote, British Land has secured the sale of Debenhams' Oxford Street store for £400m and the company has made 17 long-term retail leases totaling 58,000 sq ft, for [...]

Original Factory Shop closes all stores amid collapse

Trump-hating Fifa World Cup fans should have costs paid if denied visa

The Galvin brothers: Our Toast the City award means the world

By: Helen Cahill

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