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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Hammerson shares climb on stronger profits despite £122m valuation hit

February 20, 2017

Shares in commercial property giant Hammerson climbed today after it said its adjusted profit had risen – but added it had been hit as its properties' capital values deteriorated. The figures When adjusted for the revaluation of its commercial properties, Hammerson profits fell 56 per cent from £727.8m for 2015 to £317.3m last year. But adjusted profits rose [...]
Reiss snaps up retail boss tipped for M&S clothing job

February 20, 2017

Reiss has appointed Christos Angelides as its new chief executive. Angelides, who has spent 28 years at rival retailer Next, had been tipped to become Marks and Spencer's clothing and homeware boss. But he said today that he has "long admired the strength of the Reiss brand" and looks forward to working with founder and [...]
Kraft Heinz has “amicably agreed” to withdraw its $140bn mega-bid for Unilever

February 20, 2017

US food giant Kraft Heinz shocked the financial world last night, scrapping its $140bn (£113bn) takeover bid for Unilever just two days after news of the offer was leaked. Kraft said it had "amicably agreed" to abandon the proposed merger, which would have been the second largest in corporate history, and the largest ever acquisition of [...]
UK fashion industry showcases its wares at London fashion week

February 19, 2017

Designers, buyers and supermodels have descended on the capital for its 65th fashion week. The trade fare is hosting over 5,000 guests and will showcase collections from 120 designers including Burberry, Mulberry and Donatella Versace's Versus line. Designers will be trying to entice buyers and drum up business across more than 51 catwalk shows. And [...]
RIBA’s new exhibition examines the story behind the 30-year fight for Bank junction

February 17, 2017

In a city where buildings are always rising, architectural taboos are quickly digested; and nowhere is this more true than in the City of London. Since the Big Bang, it has been impossible to preserve the City’s original layout, but conservationists have still been active in trying to maintain the Square Mile. In an upcoming [...]
First time buyers, close your eyes – in 1996, you could buy a house in Hackney for £75,000

February 17, 2017

House prices in the London borough of Hackney have rocketed 700 per cent in the last 20 years. It may seem hard to believe now, but in 1996 the average house price in Hackney was just £75,569. Now, the average price is £606,269 – a jump of 702 per cent. Read more: This tiny house [...]
Morrisons starts search for more local food suppliers

February 17, 2017

Morrisons is looking for the "Innocent Smoothies of tomorrow" in a bid to get more local food to their shoppers. The supermarket wants to recruit more than 200 new suppliers across England, Scotland and Wales over the next year. To find Britain's best local food suppliers, Morrisons will invite foodmakers to pitch their products at a series [...]
Business groups have joined forces to fight the government’s business rates plans

February 16, 2017

Thirteen business groups and industry associations including the Confederation of British Industry, British Chambers of Commerce and British Retail Consortium have formed a united front to fight the government's proposed changes to business rates. Commercial property taxes have been re-evaluated for the first time in seven years and are set to soar for many firms [...]
Shire’s share price climbs as sales boosted by Baxalta acquisition

February 16, 2017

Shire's share price climbed four per cent today after it announced healthy sales growth on the back of its acquisition of Baxalta. The figures Shire's product sales jumped 78 per cent to $11bn for the full year ending 31 December, which the company said was driven by both its own products and the inclusion of sales [...]
Argos fined £1.5m for not paying workers the national minimum wage

February 16, 2017

Home Retail Group has been fined £1.5m for not paying 37,000 Argos workers the national minimum wage. The business said it was paying back current and previous workers £64 each, with the total cost coming to £2.4m. If the company pays back HM Revenue and Customs within 14 days, it will only have to pay £800,000. Read [...]

HSBC: City market’s top firm turns to Asia and Middle East

Premiership run-in: Saints and Bath will impact top four

Here We Are, National Theatre, review: Stephen Sondheim musical is more Severance than sing-a-long

By: Helen Cahill

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