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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Investment banking revenues plunged to financial crisis levels in 2015 – and a greater drop is expected this year

May 17, 2016

Global investment banking revenues dropped to their lowest levels since the financial crisis last year. And they are expected to plummet even further this year, according to a new report. Analysis in the Boston Consulting Group’s (BCG) Capital Markets 2016 report predicts 2016 investment banking revenue to total $212bn (£147bn), down seven per cent from [...]
Report slams “shocking” level of pension scheme investment in hedge funds

May 17, 2016

A new report has condemned the "shocking" level of UK pension scheme investment in hedge funds. SCM Direct condemned the “shockingly poor transparency” around costs and holdings, saying that many members would be unaware of the extent of their hedge fund investments. Read more: Hedge fund boss Paul Marshall to make Brexit donation The research estimated [...]
Fitness of European IPO market boosted by recent activity flurry

May 17, 2016

A Dutch fitness chain has become the latest company to announce plans for a flotation amid a recent flurry of European activity. Basic-Fit operates 351 clubs across Europe and has more than one million members. Read more: IPOh yeah! Signs of life in London's flotation market The company, which operates across the Netherlands, Belgium, Luxembourg, [...]
A recipe for disappointment: BBC expected to announce removal of cooking archive amid strong protests

May 17, 2016

The BBC is expected to disappoint thousands today as it announces the removal of more than 11,000 archived recipes from its website. A petition calling for the archive to be saved has been signed more than 17,000 times – with thousands of names added this morning. Celebrity chef Jack Monroe has also been leading a charge against [...]
First the Prosecco shortage, and now this! Salmon prices soar

May 17, 2016

Summer parties are set to be more expensive this year – salmon prices are on the rise. The price increase, fuelled by reduced production in Chile and Norway, comes shortly after fears of a Prosecco shortage emerged. Chilean salmon prices are currently up by more than 60 per cent year on year after an algal bloom [...]
Oil prices reach six-month high on latest surge

May 17, 2016

Oil prices continued to surge on Tuesday, reaching a six-month high. The price of a barrel of Brent Crude reached just short of $49.50 on Tuesday morning. Meanwhile, US benchmark West Texas Intermediate (WTI) is also approaching the $50 mark. Read more: Oil prices soar to six-month highs in wake of global supply disruptions Oil prices are [...]
Land Securities warns Brexit could be “painful for the property industry” as it reports pre-tax profits plunge

May 17, 2016

Land Securities’ pre-tax profits almost halved in the year to 31 March amid “uncertainty in the lead up to the EU referendum”. It said a Brexit could be “painful for the property industry and those it supports” but stated that it could “thrive” no matter what the outcome. The figures In the year to 31 March, Land [...]
How M&A buyers are taking a “watch and wait” approach to UK acquisitions ahead of EU referendum

May 17, 2016

Another day, another M&A report, another conclusion relating to the EU referendum. Buyers are taking a “watch and wait” approach to UK acquisitions before the EU referendum next month, according to Deloitte. Global M&A activity has slumped so far in 2016 following a record-breaking 2015, in which more than $5 trillion worth of deals were announced. [...]
How young investors are less patient with funds than their elders

May 16, 2016

Younger investors appear to be less patient than their elders, according the findings of a global survey of more than 5,000. Legg Mason’s 2016 Global Investment Study found that 38 per cent of UK investors will give an underperforming fund more than 12 months to turn things around. Of those aged over 40 in the [...]
Philips Lighting ready to shine with IPO worth up to £665m

May 16, 2016

Philips today announced it expects to raise up to €844m (£665m) with an initial public offering (IPO) of its lighting division. The Dutch electronics company expects to sell 37.5m, or 25 per cent, of Philips Lighting shares at between €18.50 and €22.50. This would give the division a market capitalisation of between €2.78bn and €3.38bn. [...]

Can Volkswagen really pivot to defence?

Trump-hating Fifa World Cup fans should have costs paid if denied visa

One Flew Over the Cuckoo’s Nest at the Old Vic: A blistering revival

By: William Turvill

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