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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Pfizer drowns Allergan merger collapse sorrows with new $5.2bn acquisition

May 16, 2016

Shares in US pharma minnow Anacor shot up more than 50 per cent in pre-market trading in the US, after Pfizer unveiled plans to buy it for $5.2bn (£3.6bn). Under the merger agreement, Pfizer will acquire Anacor, which makes an antifungal treatment, for $99.25 per share in cash. Both companies’ boards have unanimously agreed the deal. Anacor’s share price soared [...]
How traditional banks can keep ahead of their fintech noisy neighbours in innovation race

May 16, 2016

There have been plenty of reports about fintechs being bad news for banks, but in actual fact they may be the best thing to happen to traditional banks and the banking sector for a long time. No, really. Many have warned that the introduction of digitally savvy options into the retail banking sector will prove [...]
BP makes new North Sea investment despite “challenging times”

May 16, 2016

Oil crisis? What oil crisis? BP has doubled its interest in a North Sea development, despite it being a "challenging time for the industry" (bit of an understatement, that). The oil giant has acquired an additional 16 per cent interest in the Culzean development in the UK Central North Sea from JX Nippon. BP is currently [...]
Working nine to five, that’s no way to make a living (any more)

May 16, 2016

Working nine till five is no longer the way to make a living, a new study suggests. More than a quarter of companies (26 per cent) now offer flexi-time options to all of their employees, according to research by Monster.co.uk. Seven per cent of the firms surveyed, meanwhile, specifically offer this service to more senior workers. [...]
ITN chief executive looks beyond bulletin news as he seeks to make company a TV production giant

May 16, 2016

Multi-million pound pay packages for top TV celebrities grabbed the headlines last week, when the government revealed its white paper on the future of the BBC. Yet while the sexier elements of the Tory-BBC row occupied most attention, ITN boss John Hardie insists that the most important issue behind any reforms is the provision of high-quality news bulletins. [...]
Icap dodges Boaty McBoatface moment as it confirms renaming

May 16, 2016

Icap appears to have dodged a Boaty McBoatface moment. The broking company today confirmed it is to be renamed Nex Group following the sale of Tullett Prebon. Chief executive Michael Spencer said the process to decide the new name had been “a lot of fun and hugely important”. Read more: Icap shares fall on revenue dip Spencer offered a case [...]
British Land confident in resilience ahead of Brexit vote

May 16, 2016

British Land said it remains confident of having a good 2016 despite uncertainty over the global economy, EU referendum and new London mayor Sadiq Khan. The FTSE 100 property giant today reported an increase in underlying profit in the year to 31 March 2016. The figures The company’s underlying profit was £363m, up from £313m in [...]
Every little helps: Tesco chief executive to grab £3m bonus

May 13, 2016

Tesco’s chief executive has been awarded an annual bonus of nearly £3m, the company's annual report, published this morning, revealed. The award, which represents 96 per cent of Lewis's maxmimum payout, comes after Tesco moved back into pre-tax profit last year following a record £6.4bn annual loss in 2014. Read more: Is Tesco ringing up the changes? Lewis [...]
Why M&A activity leaves companies vulnerable to cyber criminals

May 12, 2016

Global merger and acquisitions (M&A) activity reached record-breaking deal values in 2015 at over $5 trillion. Whilst these vast sums excite shareholders, they also attract cyber criminals who sense an opportunity via inherent weaknesses in the M&A process. In much the same way that insider trading can (if undetected) yield huge returns for the perpetrator, cyber criminals [...]
Oh No-rdstrom! Shares in department store company tumble 17 per cent after drop in first-quarter sales

May 12, 2016

Department store company Nordstrom saw its share price plummet more than 17 per cent in after-hours trading on Thursday. The tumble came after it reported a drop in first-quarter sales at established stores and cut profit expectations for 2016. The figures Nordstrom reported revenue up 1.1 per cent to $3.25bn (£2.25bn), which was short of [...]

Burnham launches bid to stand as Labour MP in by-election

Why authenticity is key to US sport succeeding in Europe

This Soho pub is putting on a ‘problematic’ show about a drunkard

By: William Turvill

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