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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Property companies behind My Local follow the convenience chain into administration

July 8, 2016

Two property companies behind My Local, the retail chain which went into administration at the end of June, have also collapsed. ML Convenience Ltd and ML Stores Ltd hold the property leases for My Local's stores, and are subsidiaries of the company. Read more: After Morrisons, Greene must graft to make My Local succeed Neither of the [...]
These are the best value wines to buy this year

July 8, 2016

If you're looking for the biggest bargains in the wine world – look no further. These are the top wines to buy if you want a great Friday night dinner, without spending too much. The best value wines in the 2016 International Wine Challenge (IWC) Great Wine Champions have been announced – make sure you grab them [...]
Sports Direct’s share price suffers as analysts say company will be hit hard by Brexit

July 8, 2016

After a surprisingly healthy day of trading yesterday, Sports Direct's share price fell this morning after analysts cut the retailer's earnings per share (EPS). Liberum analysts said today that they have cut 35 per cent from Sports Direct's projected EPS in 2017, increasing to a 37 per cent reduction in 2019. Read more: Sports Direct calls its financial [...]
Buy to let tax changes knock London luxury rent prices

July 8, 2016

London's luxury property market is suffering from oversupply this year after the government's stamp duty changes came into effect at the beginning of April. The capital's rental prices on luxury properties have fallen by one per cent year-on-year in the first quarter, according to research from Knight Frank. Read more: Rents edged down in May as [...]
Asos won’t be making an Amazon-style move into physical shops

July 7, 2016

Asos won't be following in Amazon's footsteps and bringing its brand onto the high-street, intending to focus on mobile sales instead. Speaking to City A.M. about whether the online retailer would ever open physical shops, Asos' chairman Brian McBride said: "It's not on our current plans. Read more: Amazon is opening its first physical bookshop McBride said the idea of [...]
Sports Direct’s share price had its biggest increase since 2009 despite terrible results

July 7, 2016

It's been a very weird day for Sports Direct. [stockChart code="SPD" date="2016-07-07 14:34"] The retailer's shares climbed by 16 per cent at their peak today – despite the company posting "disappointing" results, with annual profits down 8.4 per cent. Even the company's chief executive, Dave Forsey, admitted the situation was bad. Forsey said: "The group has delivered a disappointing full [...]
Property companies’ share prices climb again after a difficult three days

July 7, 2016

After a difficult three days of trading for companies in the property market, things are looking slightly sunnier this morning. The increases today follow the news that house prices rose in June – but analysts are predicting house prices will fall in the second half of this year. Housebuilders Persimmon's share price climbed 6.9 per cent, Berkeley [...]
House prices increased in June, but the market is slowing – and some analysts are predicting price falls of five per cent this year

July 7, 2016

House prices increased month-on-month in June – but there are signs that the growth is slowing, and some analysts think that they will fall by five per cent in the second half of 2016. Prices were up 1.3 per cent in June as compared to May, according to the Halifax House Price Index, which recorded data throughout [...]
M&S is “starting to look terminal” – analysts react to the British brand’s results

July 7, 2016

M&S reported a "painfully weak" set of results this morning, according to analysts – so what is the future of the British brand that can't seem to get customers beyond the sandwich section? Is Rowe the right fit? Analysts on M&S' clothing struggles James McGregor, partner at consultancy Retail Remedy, said M&S need to stop blaming [...]
One in ten renters are charged unexpected costs by their landlords

July 6, 2016

Renters are being saddled with unexpected rental costs as landlords charge them for maintenance repairs and flood damage without giving any warning. Research from Endsleigh shows over on in ten (14 per cent) tenants are being charged unexpected costs averaging £165.41 per person each year. Seventy per cent of those surveyed said they did not [...]

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By: Helen Cahill

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