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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Clarkson’s share price sinks after it warns profits will be “materially lower” this year

July 4, 2016

Shipbroker Clarkson's share price fell by a fifth in early trading after the group said its profits this year will be "materially lower" than last year. The group said global economic uncertainty and an imbalance between supply and demand in shipping and offshore meant the industry "remains depressed", despite the recent recovery of the oil price. Offshore broking has regained some [...]
Queen Elizabeth advises Scottish MSPs to stay calm and think things through carefully

July 2, 2016

Queen Elizabeth told the members of the Scottish Parliament today that keeping a cool head is the key to good leadership. Her advice comes after the financial markets were rocked by the outcome of Britain's referendum, both the Conservative party and the opposing Labour party are grappling over leadership questions, and Scotland's leader Nicola Sturgeon has [...]
The French PM is already wooing Brexit-battered City firms

July 2, 2016

France is already thinking about how to nab the City's best bankers after Britain voted to leave the European Union. Prime Minister Manuel Valls said on Saturday he is thinking about how to re-jig France's tax system to attract international firms which may be thinking of leaving London. Read more: When will Article 50 be triggered? Probably [...]
Tens of thousands march in London to protest the Brexit vote

July 2, 2016

Tens of thousands of people are marching in London today to protest the UK's democratic decision to leave the European Union. Protesters taking part in #marchforeurope are heading to Parliament holding banners saying slogans such as "I am really quite cross", "Shame on liars, xenophobes, Farage Johnson Gove" and "2nd Referendum". There will be speakers at Parliament Square from [...]
Andrea Leadsom takes side-swipe at Conservative leadership rival Theresa May

July 2, 2016

Would-be Tory leader Andrea Leadsom appears to have taken a side-swipe at frontrunner Theresa May as she tries to consolidate her position as the pro-Brexit candidate in the Conservative leadership race. Leadsom has said the Conservative premiership must be a supporter of Brexit, not someone "who is reluctantly following the wishes of the people". The thinly-veiled attack on May – [...]
Australia goes to the polls in neck-and-neck race

July 2, 2016

The Aussies headed to the polls today to pick their fifth new leader in three years. If you thought the Brexit vote was a close one, how about this: the two final opinion polls on the Australian general election showed the coalition leads the opposition Labor party by 50.5 per cent to 49.5 per cent. Prime Minister Malcolm [...]
May steams ahead in Tory leadership race

July 2, 2016

Theresa May has consolidated her lead in the Tory leadership race, as it emerged nearly one hundred Conservatives back the Home Secretary's bid for the top job – as Andrea Leadsom sneaked ahead of pro-Brexit rival Michael Gove. Ninety-six MPs voiced their support for May on Friday evening, with 160 yet to declare their voting intentions. [...]
Investors told to reject Sainsbury’s incentive plan at the annual general meeting next week

July 1, 2016

A shareholder advisory group has told its members to oppose Sainsbury's incentive plan at the retailer's annual general meeting (AGM) next week. In a report for investors, Pensions & Investment Research Consultants (PIRC) said of Sainsbury's long term incentive plan: "The maximum potential award under the proposed plan is 250 per cent of salary, which is considered excessive, [...]
Mike Ashley is looking to make himself the chairman of Findel

July 1, 2016

Sports Direct boss Mike Ashley is looking to become chairman of gift retailer Findel, a company Sports Direct owns a 30 per cent stake in. Sky News reported Ashley is talking to the board of Findel about the move over the past few weeks. Ashley, who recently admitted to MPs that he couldn't control Sports [...]
London’s poshest properties may be past their peak due to UK’s referendum vote

July 1, 2016

Prime property in London has been losing some of its shine this year. The political and economic uncertainty in the UK has been weighing on London's high-end homes, as research shows prices fell in the second quarter of 2016. The average value of a prime property in central London fell 1.4 per cent in the quarter, [...]

Space stocks lift off as investors eye Space X moment

North Korea using elite rugby to entice English teachers from Britain

Carbone London review: Electric vibes, but the food…

By: Helen Cahill

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