By: William Turvill

I write about M&A, deals, IPOs, private equity, asset management, media and a few other areas for City A.M. I also write news features and am always interested in interviewing and profiling high-profile business figures. I previously worked for Press Gazette and Mail Online.

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Asset manager Fidelity urges ministers to get tough on executive pay committees

February 16, 2017

Fidelity International wants ministers to back a proposal for boardroom pay committee chairs to be forced out if a large minority of shareholders do not back remuneration plans. The suggestion is included in the asset manager’s submission to the government’s consultation on corporate governance reform. Read more: Fund managers plan executive pay crackdown to avert government intervention [...]
Private equity giant Blackstone buys majority stake in London technology company Cloudreach

February 16, 2017

Private equity giant Blackstone has announced a deal to acquire a majority stake in a London cloud technology company. Cloudreach provides cloud computing products and services for companies including BP, Pearson and Hearst Corporation. Founded in 2009, the company now has offices in seven countries and has a presence in both Europe and North America. [...]
Deutsche Boerse boss plays down UK HQ of London Stock Exchange merger and promises new Frankfurt jobs

February 16, 2017

Deutsche Boerse chief executive Carsten Kengeter this morning attempted to win more German support for the company’s merger with the London Stock Exchange, playing down the UK headquarters and promising new jobs for Frankfurt. Speaking at a full-year results conference, Kengeter downplayed the significance the London legal base of the combined exchange, saying: “There are to be [...]
Deutsche Boerse boss denies insider trading allegations: They have “affected me personally very much”

February 16, 2017

Deutsche Boerse chief executive Carsten Kengeter has asked the media and shareholders to “bear with me” as he is investigated over alleged insider trading. Speaking at a media conference after the German company’s full-year results, Kengeter also said the investigation by Frankfurt’s Public Prosecutor’s Office has “affected me personally very much”. Read more: Under-fire Deutsche [...]
Under-fire Deutsche Boerse boss set for grilling on insider trading probe and London location of stock exchange headquarters

February 15, 2017

Deutsche Boerse chief executive Carsten Kengeter is set to endure some tough questioning tomorrow as he appears before investors, analysts and the media. The German company, which is seeking to tie-up its merger with the London Stock Exchange in the coming months, reported its preliminary full-year results for 2016 this evening. Net revenue at the [...]
President of French private equity giant Ardian backs London to retain financial services dominance after Brexit

February 15, 2017

The president and founder of private equity giant Ardian has backed London to retain its financial services dominance after Brexit. Dominique Senequier, whose firm has around $60bn in assets, also said on Wednesday night she does not expect the exiting process to be “brutal” for the City of London. “When you have such a financial city, you have [...]
Watch your step: Shareholder activism is on the rise and UK companies are among the most vulnerable

February 15, 2017

UK companies beware: activist investors may be coming for you. New global research out today has identified the UK as one of the most at-risk countries for shareholder activism. Outside of the US, the dominant market for activism, an FTI Consulting activism tracker found 342 global campaigns last year, compared with 70 in 2010. Read [...]
Euronext shareholders approve clearing deal as company awaits news on London Stock Exchange-Deutsche Boerse merger

February 15, 2017

Euronext shareholders today waved through the pan-European exchange’s proposed takeover of the London Stock Exchange’s French clearing arm, LCH SA. The deal, which is dependent on the London Stock Exchange’s merger with Deutsche Boerse completing, was unanimously approved at an extraordinary general meeting. Euronext, reporting its full-year results for 2016 today, indicated that if the [...]
Schroders and Henderson bosses take on Investment Association board positions

February 15, 2017

The bosses of Schroders and Henderson are taking on new positions at fund management body the Investment Association. Schroders’ group chief executive Peter Harrison will be chair of the organisation’s board, while Henderson’s chief executive Andrew Formica will be his deputy. Read more: UK investor confidence hits highest level since Brexit vote They will take [...]
UK investors are at their most confident since the Brexit vote, despite continued uncertainty

February 15, 2017

UK investors are becoming increasingly confident despite continued uncertainty around Brexit, new figures show. Investor sentiment has risen to its highest level since before the EU referendum, according to a Lloyds Bank survey of more than 4,000 adults. Overall, Lloyds reported net investor sentiment was at 6.1 per cent in February, up from 5.7 per cent in [...]

Reeves has chosen decline

Rachel Reeves hands Team GB £344m fillip for LA 2028 Olympics

Barcelona play review: Lily Collins can’t save bland two-hander

By: William Turvill

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