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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Baltic Exchange in exclusive discussions with Singapore Exchange after takeover offer

May 25, 2016

The Baltic Exchange has entered into exclusive discussions with the Singapore Exchange following a takeover offer. The financial maritime hub, which is located in the heart of the City of London, was also understood to have attracted interest from the CME Group, Intercontinental Exchange and Platts. The London exchange is home to the Baltic Dry [...]
More action in Amsterdam as London’s float market awaits referendum

May 24, 2016

The Amsterdam stock exchange today welcomed a new €740m (£564m)-valued addition. Livestock feed company ForFarmers priced on the Netherlands Euronext on Tuesday, finishing the day with a share price of €6.95. Read more: London set for IPO market recovery… but not just yet While Europe’s flotation markets have experienced a slow start to the year, [...]
Old Mutual nearing US sale to pave way for UK business flotation

May 24, 2016

Old Mutual is close to selling its US asset management business, paving the way for an initial public offering (IPO) of its UK wealth management arm. The group’s board has reportedly endorsed a deal that would see Affiliated Managers Group acquire the US business, OM Asset Management (OMAM). Read more: Six reasons this Old Mutual spin off might [...]
Monsanto rejects Bayer’s “financially inadequate” $62bn takeover offer

May 24, 2016

US seed company Monsanto has rejected Bayer’s $62bn (£42bn) takeover offer. On Tuesday, Monsanto described the German firm's bid as "incomplete and financially inadequate". Monsanto's shares grew by around three per cent to $108.99 on the news. After Bayer made its formal offer, Monsanto's shares rose by more than four per cent on last week's value. Read more: [...]
More national newspaper job losses (and a canteen closure) as Telegraph seeks savings

May 24, 2016

More national newspaper jobs are being lost this week as part of a cost-cutting push by the publisher of the Daily Telegraph. Telegraph Media Group (TMG) chief executive Murdoch MacLennan set out several money-saving measures on Monday, including the closure of the staff canteen. And the company, which is owned by the Barclay brothers, Sir David [...]
Bayer-Monsanto bank fees

May 24, 2016

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Entertainment One plans to ease off on acquisitions and let Peppa Pig bring home the bacon

May 24, 2016

Entertainment One (EOne) is planning to ease off on acquisitions and let Peppa Pig lead its growth. The FTSE 250 company's chief executive told City A.M. 2016 is likely to be quieter in terms of M&A. His statement comes after a shareholder last week condemned the board's acquisitions strategy. EOne chief executive Darren Throop also today talked down [...]
Minister: The Guardian newspaper, not Rupert Murdoch, lobbied to clip BBC wings

May 24, 2016

The Guardian, rather than the Rupert Murdoch press, lobbied the government to "clip the wings" of the BBC, a minister has revealed. Ed Vaizey, minister of state for culture and the digital economy, has told MPs the Guardian was not happy about BBC expansion in Australia and the US, two areas the newspaper group has [...]
How London has leapfrogged rivals to become a global hotspot for tech

May 24, 2016

London has overtaken New York and Shanghai in a global ranking of top tech cities, thanks to its "incredible entrepreneurial attitude". The capital is now the second most likely city in the world to create the next big tech giant, according to EY’s annual Attractiveness Survey, behind only San Francisco. The result moves London up [...]
Investment manager Dragon wants fund to breathe fire with London float

May 23, 2016

Investment management company Dragon Capital is planning to float its flagship fund on the London Stock Exchange. Dragon wants Vietnam Enterprise Investments Limited (VEIL), which has a net asset value (NAV) of $850m (£587m), to list on the main market of the exchange from July. Read more: London set for IPO market recovery… but not just [...]

Strait of Hormuz closed over ceasefire violations, says Iran

Platitudes in women’s sport are empty, patronising and offensive

Fogo de Chao nominated for Best Casual Dining Toast award

By: William Turvill

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