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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Deutsche Boerse could become US takeover target if London Stock Exchange merger fails, chief executive says

May 31, 2016

Deutsche Boerse could become a US takeover target if its merger with the London Stock Exchange (LSE) fails, its chief executive has said. Carsten Kengeter has suggested Chicago-based CME Group could become interested in the German company should the £21bn “merger of equals” fail. Speaking of potential interest from CME Group, Kengeter said: “I don’t [...]
London-based private equity firm takes “significant stake” in German car parts maker

May 31, 2016

Private equity company 3i has acquired a “significant equity stake” in a German car parts maker. The group has also invested €181m (£139m) in Schlemmer, which is being purchased from Hannover Finanz and the Mackprang Holding for an undisclosed price. Schlemmer, which was founded in 1954 and is based in Poing, near Munich, employs 2,500 people [...]
Top banter: Unilad has just released its first financial figures

May 31, 2016

Bearded bros Liam Harrington and Sam Bentley will be g-lad all over as they release their startup's first financial figures today. Harrington, 24, and Bentley, 25, founded the Unilad.co.uk in 2014. The website does not share the same origins as the controversial Unilad.com, which was closed in 2012 following negative press coverage around its apparent promotion [...]
This is how worried Brits are about robots taking their jobs

May 31, 2016

A quarter of Brits believe robots are coming to take their jobs – and soon. Some 25 per cent of 2,000 people surveyed by OpenText said they believe they could be replaced by robot technology in the next 10 years. Read more: Meet Zenbo, Asus's Wall.E style home robot Meanwhile, 42 per cent say this could [...]
JP Morgan Cazenove loses its long-standing lead over Bank of America Merrill Lynch in FTSE 100 stockbroking stakes

May 31, 2016

JP Morgan Cazenove has lost its long-held position as the top stockbroker for FTSE 100 companies. The bank's crown has been taken by Bank of America Merrill Lynch, new figures from Adviser Rankings show. JP Morgan Cazenove has topped the FTSE 100 rankings every year since Adviser Rankings began compiling the list as part of its [...]
Luxury adspend on the up – but not for print publications

May 31, 2016

Expenditure on luxury advertising is set to increase this year and next, but print is set to lose out at the expense of the internet. Total luxury adspend is expected to grow by three per cent in 2016 to $10.9bn (£8.3bn) across 18 key markets focused on by Zenith’s Luxury Advertising Expenditure Forecasts. Read more: [...]
Brexit would be bad for investment, but good for job prospects, survey suggests

May 31, 2016

More than half of UK adults believe a so-called Brexit would put their investments at risk, according to a new study. Crowdfunding platform SyndicateRoom surveyed more than 3,000 UK adults, finding 54 per cent felt a UK exit from the European Union would have a negative impact on investments. The survey also found that 52 [...]
Bayer’s share price remains low as investors await improved Monsanto offer

May 30, 2016

Bayer’s share price remained at around its lowest level since 2013 today, suggesting investors are nervously awaiting an improved takeover offer for US seed firm Monsanto. The drugs and chemicals giant confirmed it had made a $62bn (£42bn) takeover offer last Monday. The next day, Monsanto rejected the offer, but both firms have signalled an interest in making the deal [...]
Activist hedge fund investor gives blessing to London Stock Exchange merger

May 30, 2016

An activist hedge fund shareholder of the London Stock Exchange (LSE) has given the Deutsche Boerse merger its blessing. The backing from the Children’s Investment Fund (TCI) founder Christopher Hohn comes after the investor played a prominent role in derailing a Deutsche Boerse takeover of the LSE in 2005. However, TCI has now become the [...]
Alliance Trust confirms merger approach from Jacob Rothschild’s RIT Capital

May 30, 2016

Alliance Trust has confirmed it has received an "unsolicited approach" from RIT Capital Partners over a possible merger of the investment trusts. Alliance said no detailed terms have been provided by RIT, which is chaired by Jacob Rothschild, in relation to the "informal proposal". A merger would create a company with a market capitalistion of more than [...]

‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain

Manchester City: Sheikh Mansour faces calls for ban from English football over UAE links to genocide

The watch podcast disrupting the ‘pale, male and stale’ image

By: William Turvill

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