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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Tina Green chose offshore jurisdictions for her companies because they have “strong regulatory regimes”

July 5, 2016

Lady Christina Green, the wife of retail tycoon Sir Philip Green, has responded to MPs inquiring into the doomed sale of BHS. Lady Green defended her use of the non-UK jurisdictions for her companies, saying these locations had "strong regulatory regimes." MPs were looking to understand Lady Green's involvement in the complex web of companies that make [...]
Can they fix it? MPs have launched an inquiry into the housebuilding industry and the UK’s housing crisis

July 5, 2016

MPs have started an inquiry into the UK's embattled housebuilding sector, seeking answers on why supply cannot keep up with demand to produce the homes the country needs. The Communities and Local Government (CLG) committee will be calling the chief executives of major developers to give evidence on the industry's capacity to build after figures released [...]
Retail property boss warns against panic selling in commercial real estate stocks

July 5, 2016

As the sell-off in commercial real estate stocks and housebuilders continues, a retail property boss has defended the commercial property industry. Speaking to City A.M., Edward Cooke, chief executive of the British Council of Shopping Centres (BCSC) said: "People are panicking and thinking of their short-term interest. "But the fundamentals in the occupier market are [...]
Developer’s share price falls after it downgrades value of Nine Elms site due to falling house prices in central London

July 5, 2016

A property company involved in London's Nine Elms development project has downgraded the value of its portion of the site. St Modwen cut £21m off the value of the site due to house prices in the central London area falling by 3.75 per cent. Nine Elms is one of the biggest residential building projects in the UK [...]
Housebuilders suffer second day of share price falls in a row

July 5, 2016

Housebuilders are off to a bad start again today as share prices in the UK's biggest property companies are falling for a second day in a row. Despite announcing a six per cent rise in sales, Persimmon's share price slipped by 3.9 per cent in early morning trading. Read more: UK property funds could be in [...]
UK property funds could be in for a “bumpy ride” in the months after the Brexit vote

July 4, 2016

Investors took hundreds of millions of pounds out of the UK's property sector before the EU referendum, according to data released today by the Investment Association, prompting analysts to predict property funds may be in for a "bumpy ride". In May there was a £360m net retail outflow from property funds, as UK investors looked [...]
Sainsbury’s gives up its discount dreams as it ditches Netto UK stores

July 4, 2016

Sainsbury's is ditching its partnership with European discounter Netto and plans to close 16 Netto UK stores in August. The joint venture between Dansk Supermarked Group's (DSG) Netto and Sainsbury's began in June 2014; around 400 jobs in the stores are now at risk as Sainsbury's focuses instead on its acquisition of Argos owner Home Retail Group. Read more: Sainsbury's has named new chief executive [...]
Commercial real estate share prices suffer as future of the City hangs in the balance after the Brexit vote

July 4, 2016

The share prices of commercial real estate share prices have suffered today after the Brexit vote put the future of London's financial district in peril. Liberum analysts said today that the risks surrounding commercial real estate have increased as the future of offices in the City is likely to remain uncertain for a long time. Read more: Nearly a [...]
Housebuilders’ share prices drop after “dire” construction data released

July 4, 2016

UK housebuilders' share prices fell this morning after the publication of data showing construction activity fell ahead of the Brexit vote. In afternoon trading Barratt Developments' share price was down 4.19 per cent, Persimmon's fell 4.94 per cent, Berkeley Group's share price fell 4.41 per cent and Taylor Wimpey's share price was down 4.59 per cent. Commercial real estate [...]
Small business confidence fell to a four-year low before the EU referendum

July 4, 2016

Small business confidence was at a four-year low before the EU referendum, according to data from the Federation of Small Businesses (FSB). A survey from the FSB, conducted before the Brexit vote, also found smaller companies are planning to cut jobs for a second quarter in a row. Members said their profits are falling due to the increased [...]

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The Lake District but thrilling, with yacht trips and 4×4 off-roading

By: Helen Cahill

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