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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Budget 2017: Business reacts to government’s relief measures for business rates

March 8, 2017

Today, chancellor Philip Hammond announced a handful of measures intended to cushion the blow of business rate rises this year, including a £300m relief fund that will be distributed to local authorities. In addition, Hammond said small pubs will get a £1,000 reduction on their business rates bill this year, a handout that will help [...]
Budget 2017: This is what the Budget had to say about UK house prices

March 8, 2017

UK house price growth will be cut by almost half by 2018, according to predictions from the Office for Budgetary Responsibility (OBR). The OBR has released its predictions for house price growth along with chancellor Philip Hammond's first (and last) Budget today, and it seems house price rises will be tempered over the next five [...]
Budget 2017: New £300m fund for business rates relief

March 8, 2017

The government has promised to help cushion the blow of business rates with a £300m relief fund for local authorities. Chancellor Philip Hammond has also committed to "smoother and more frequent" business rates revaluations. In addition, small pubs will be getting a £1,000 business rate discount this year – a tax cut that will help 90 per [...]
Adidas’ share price is fighting fit after German retailer ups its income guidance

March 8, 2017

Adidas' share price has jumped over seven per cent in morning trading after the company posted income growth over the €1bn (£870m) mark and increased its income guidance. The figures In Western Europe, Adidas' biggest market, sales increased by 17 per cent in 2016, growing to €5.29bn from €4.54bn the year before. Net income for the group jumped 51.2 [...]
John Lewis tarnished by Apple Watch advertising scandal

March 8, 2017

John Lewis' squeaky-clean image has been tarnished after it pulled an Apple Watch promotion from its website. The department store disappointed a customer over its Black Friday sales event when it advertised Apple Watches on sale for £249, a price-match offer which was part of the retailer's promise to be "never knowingly undersold". Read more: [...]
Estate agents Savills warns current UK house price growth is unsustainable

March 7, 2017

Estate agents Savills has warned that the current rate of house price growth is not sustainable in the UK as inflation and stagnating wages pile pressure on consumers. In February, house prices increased 0.6 per cent month-on-month, according to Nationwide's house price index, and since 2014, price growth has averaged 0.4 per cent, but Savills has warned that [...]
LSL property services gets £32m boost from selling Zoopla shares

March 7, 2017

LSL Property Services received a £32.9m boost last year after selling its shares in Zoopla. The UK's second largest listed estate agent reported full-year results today that were in line with expectations, despite the headwinds faced by the property market in the lead-up to (and after) the EU referendum. The figures The property group's underlying [...]
Ranked: House price growth in every London borough this year

March 7, 2017

House price growth across the UK has nearly halved over the past 11 months, and a lot of that sluggish growth is coming from the capital. Tax changes have hit the property market in many of the capital's central districts, such as Chelsea and Fulham, but there is still growth in the more affordable parts of [...]
Mapped: All 34 Budgens store closures and when they will shut

March 7, 2017

This morning it emerged that Budgens stores up an down the country have been closed after the operator of the stores went into administration. Accountancy firm PwC was appointed as administrators for the shops by restructuring firm Hilco Capital, but the accountancy giant could not find a buyer for the convenience stores. Read more: Budgens [...]
House price growth has nearly halved over the past 11 months

March 7, 2017

House prices grew by just 5.1 per cent year-on-year in the three months to February, the lowest annual rate since July 2013. The figures from Halifax show that quarter-on-quarter house prices edged up 1.7 per cent, with the UK average house price now standing at £219,949. Read more: These are the three London areas where [...]

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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