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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Shares in controversial seed giant Monsanto are growing after a German rival confirmed takeover interest

May 19, 2016

Shares in US seed company Monsanto grew more than seven per cent in after-hours trading after German rival Bayer confirmed it is seeking to take over the firm. The share price of Bayer, meanwhile, fell 7.5 per cent to €89.15 after it confirmed its interest. Bayer, the German drugs and chemicals maker, said in a statement [...]
One in three UK mortgage holders don’t know their interest rate, survey finds

May 19, 2016

One in three UK mortgage holders do not know what interest rate they are on, according to a new study. YouGov and digital mortgage broker Habito, which launched last month with the mission of bringing the market into the "21st century", surveyed more than 1,200 mortgage owners. Some 33 per cent did not know what [...]
National Grid share price falls despite surging profits

May 19, 2016

The share price of the National Grid fell first thing on Thursday morning, despite the company reporting a nine per cent surge in pre-tax profits. The figures The company reported a pre-tax profit in the year to 31 March of £3.14bn, up from £2.88bn in 2015. Its operating profit, meanwhile, was up six per cent [...]
Moody’s: Brexit would be workable for asset managers despite profitability hit

May 18, 2016

A UK vote to leave the European Union would weigh on asset managers’ profitability, according to credit ratings agency Moody’s. But a note today said a so-called Brexit would not be a “big threat” to their credit fundamentals. It said the “operational and business impact would be manageable for most asset managers we rate”. Assessing the [...]
Shareholder advisory group tells members to reject £70m package of WPP chief executive Martin Sorrell

May 18, 2016

Shareholder advisory group ShareSoc has recommended its members reject the remuneration package of WPP chief executive Sir Martin Sorrell. The advice, issued today ahead of the firm’s 8 June AGM, comes after WPP last month confirmed Sorrell’s total pay package for 2015 totalled £70m. The figure included a £62.8m long-term bonus. Read more: Martin Sorrell's [...]
Crowdfunding platform named UK’s most active investor in private companies

May 18, 2016

A crowdfunding platform has been named as the UK’s most active investor in private companies by a new report. In the first quarter of 2016, Seedrs made 37 investment deals. It was followed in second place by fellow crowdfunder, Crowdcube, which was involved in 30 deals. The Business Growth Fund was the next most active, [...]
How “serial returners” are harming online retail businesses

May 18, 2016

Three in 10 small and medium enterprise (SME) online retailers complain that so-called “serial returners” are harming their profit margin. Serial returners, or consumers who deliberately over-purchase to take advantage of free delivery and returns, are causing a “dilemma” for smaller businesses, which need to make a profit while keeping up with larger rivals. According [...]
Busy and stressed at work? Great news – it’s good for you (in some ways)

May 18, 2016

Stressed at work? Fear not – it could be good for you. A new study has found that day-to-day busyness improves cognitive function. Read more: Britain's bankers are more stressed than ever The Frontiers in Aging Neuroscience paper tested 330 adults aged between 50 and 89, assessing them on their busyness. The results found greater busyness [...]
Energy supplier SSE reports profits drop amid “intense” competition

May 18, 2016

Energy supplier SSE has seen its profits drop amid “intense retail market competition”. The figures The FTSE 100 company’s reported pre-tax profit was £593.3m for the year to 31 March, down 19.3 per cent from £735.2m. Adjusted pre-tax profits of £1.51bn were down from £1.56bn in 2015. Read more: SSE sells stake in its Scottish wind [...]
London Stock Exchange expects shareholder vote on Deutsche Boerse merger after the EU referendum

May 18, 2016

The London Stock Exchange expects its shareholders to vote on the proposed merger with Deutsche Boerse after the EU referendum. The company said in a statement this morning that shareholder documents are expected to be published in June. And its shareholders are then expected to be asked to vote at a meeting in July. Read [...]

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

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

I’m a hotel expert. Here’s why I hate in-room technology

By: William Turvill

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