Amber Murray, City A.M. Journalist Profile

Articles

Consumer confidence flattens as recovery stalls despite wage growth

1 week ago | cityam.com | Amber Murray

| Consumer confidence was flat in the first quarter of the year despite high wage growth, as economic uncertainty weighs on Brits. Overall consumer confidence rose 0.3 percentage points in the first three months of 2025, with sentiment towards the UK economy at its lowest level in over a year, according to Deloitte.
FTSE 100: JD Sports back in fashion after share buyback and tariff U-turn

2 weeks ago | cityam.com | Amber Murray

Thursday 10 April 2025 12:37 pm FTSE 100: JD Sports back in fashion after share buyback and tariff U-turn Retail Reporter JD Sports is majority-owned by Pentland Group JD Sports’ share price shot up more than 10 per cent this morning after the company announced a share buyback programme and US President Donald Trump announced a pause on tariffs. A 90-day pause in the implementation of tariffs, as well as the announcement of a £100m share buyback programme and a positive fourth-quarter trading...
Bond Street dethrones Milan with Europe's most expensive retail rent

2 weeks ago | cityam.com | Amber Murray

Thursday 10 April 2025 11:34 am | Updated: Thursday 10 April 2025 11:35 am Bond Street dethrones Milan with Europe’s most expensive retail rent Retail Reporter Christmas lights on New Bond Street, in central London. Brits have cut back on spending around the Budget. In 2024, Bond Street reported a 20 per cent uplift in prime headline rents, taking its benchmark prime rent to €15,333 (£13,162) per sqm. It has overtaken Milan’s Via Monte Napoleone (£12,872 per sq m), which held the top spot in...
Tesco, M&S and Sainsbury’s shares drop amid wider FTSE 100 rally

2 weeks ago | cityam.com | Amber Murray

Thursday 10 April 2025 9:03 am Tesco, M&S and Sainsbury’s shares drop amid wider FTSE 100 rally Retail Reporter Talk of upcoming ‘trolley wars’ has made investors nervous The UK’s major listed supermarkets missed out on a post-crisis FTSE 100 bump this morning after Tesco’s full-year results stoked fears of ‘trolley wars’ in the sector. The FTSE 100 index rose by more than six per cent as investors breathed a sigh of relief after Trump’s ‘reciprocal’ tariffs were paused last night. However,...
Supermarket giant's profit beats City expectations as revenue jumps

2 weeks ago | cityam.com | Amber Murray

Thursday 10 April 2025 7:26 am | Updated: Thursday 10 April 2025 7:27 am Tesco: Supermarket giant’s profit beats City expectations as revenue jumps Retail Reporter Tesco is the UK’s largest supermarket Supermarket giant Tesco has beaten profit expectations as it continues to speed ahead in the competitive UK grocery market. The UK’s biggest supermarket told markets this morning that group adjusted operating profit rose 10.9 per cent at constant rates, to £3.13bn. Life-for-like sales rose 3.1...
East London industrial site snapped up for £100m

2 weeks ago | cityam.com | Amber Murray

| Global real estate investment company Kennedy Wilson has bought an east London industrial park for £100m. It’s a positive sign for London’s industrial market, which slumped to a decade-low last year as demand for warehouse and logistics sites faded after the pandemic boom. Kennedy Wilson plans to create a set of 10 sustainable industrial units and double the current warehousing space to 135,000 sq ft.
Roman Basilica discovery forces new City skyscraper rethink

2 weeks ago | cityam.com | Amber Murray

Wednesday 09 April 2025 2:41 pm | Updated: Wednesday 09 April 2025 2:42 pm Roman Basilica discovery forces new City skyscraper rethink Retail Reporter The remains of London’s first Roman Basilica were uncovered earlier this year Plans for a new skyscraper at 85 Gracechurch Street have been updated after the discovery of an “extraordinary” Roman Basilica at the site earlier this year. The proposed scheme now incorporates a public exhibition space in the 32-storey commercial building, which...
City broker downgrades outlook for luxury stocks LVMH, Burberry and Richemont

2 weeks ago | cityam.com | Amber Murray

Wednesday 09 April 2025 1:11 pm | Updated: Wednesday 09 April 2025 1:12 pm City broker downgrades outlook for luxury stocks LVMH, Burberry and Richemont Retail Reporter Hermes was the only stock to receive an upgrade City broker Deutsche Bank has downgraded the target share price for a host of luxury companies as the impact of Trump’s tariffs starts to filter through analyst forecasts. “The direct impact of the tariffs is not a huge headwind in our view… However, weaker global stock markets...
JD Sports boss warns of price rises

2 weeks ago | cityam.com | Amber Murray

Wednesday 09 April 2025 11:06 am JD Sports boss warns of price rises as shoe makers resist Trump’s tariffs Retail Reporter FTSE 100 retailer JD Sports has seen its stock price slump due to the tariffs. The chairman of FTSE 100 giant JD Sports has said prices will rise if President Donald Trump’s tariffs stay at their current levels. Speaking on the Today programme, chairman Andrew Higginson added that it’s unlikely shoe production will shift to the US and lambasted the uncertainty caused by...
Assura rejects £1.5bn offer as 'not sufficient' amid new KKR bid

2 weeks ago | cityam.com | Amber Murray

Wednesday 09 April 2025 8:19 am Assura rejects £1.5bn offer as ‘not sufficient’ amid new ‘fair’ KKR bid Retail Reporter PHP and Assura both focus on healthcare real estate. Real estate investment trust Assura has rejected a £1.5bn offer from fellow GP landlord Primary Health Properties (PHP) as too low, and received a fresh bid from KKR. After the development was confirmed, Assura’s share price rose nearly six per cent in early trades. Assura rejected the new offer, at 46.2p per share, as...