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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Flipping good (sort of): Shake Shack shares up – after plummeting 60 per cent in a year – with expectation-beating results

May 12, 2016

Shake Shack’s share price rose nearly four per cent in after-hours trading with the fast food company beating analysts’ expectations. The figures Shake Shack’s quarterly revenue was up 43.3 per cent to $54.2m (£37.5m), above an estimate of $52.06m, according to Street Insider. Meanwhile, earnings per share (EPS) in the first quarter hit $0.08, above expectations of [...]
Seed company’s shares grow after news of $43bn takeover interest

May 12, 2016

Shares in US company Monsanto grew by more than eight per cent today after it was reported to be the subject of takeover interest from Germany. It is thought the deal would create the world’s largest seed and farm chemicals provider. Read more: Syngenta agrees to takeover by ChemChina worth over $43bn German company Bayer has [...]
BBC white paper: Government stops short of “castrating” corporation – but raises independence concerns and opportunities for commercial rivals

May 12, 2016

The government stopped short of “castrating” the BBC today, in the words of one media analyst. But John Whittingdale's white paper setting out the corporation's future has raised concerns over independence. It has also created opportunities for the BBC's commercial rivals. Independence concerns Under the white paper, the BBC Trust is to be abolished and replaced with a unitary [...]
UK investor relations firm expands with US acquisition to target “more global and more outspoken and demanding” shareholders

May 11, 2016

London-based investor relations firm Sodali has announced the acquisition of a US counterpart, Morrow. The merged entity, Morrow Sodali Global, is now better positioned to target "more global and more outspoken and demanding" shareholders. The company said its deal would create the "largest independent corporate governance, proxy solicitation, investor relations, capital markets and shareholder services firm in [...]
London Stock Exchange chief pauses merger negotiations for Hollywood visit

May 11, 2016

The London Stock Exchange’s chief executive, Xavier Rolet, took some time out from his busy schedule organising a merger with Deutsche Boerse on Wednesday morning to entertain a Hollywood star. Homeland star Damian Lewis opened the London Stock Exchange to mark the premiere of his new financial drama, Billions. Read more: Michael O'Leary says cyclists should be "shot" ahead [...]
Culture secretary: I have no ambition to become the BBC fat controller

May 11, 2016

Culture secretary John Whittingdale has assured MPs he has “no wish to hobble the BBC”. The government is due to publish a white paper setting out terms of the corporation’s next royal charter tomorrow. Yesterday in parliament, MPs quizzed Whittingdale on what might be included in the white paper amid concerns that it could weaken the [...]
Culture secretary reassures MPs he has “no wish to hobble the BBC” ahead of white paper

May 11, 2016

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Why George Osborne does not believe the London Stock Exchange-Deutsche Boerse merger is “1944 by stealth”

May 11, 2016

Chancellor George Osborne has shown his support for the proposed merger of the London Stock Exchange and Deutsche Boerse. The £21bn "merger of equals" deal between the UK and German stock exchanges was agreed in March and the companies hope for completion by the end of this year or in the first quarter of 2017. [...]
Used car supermarket driving towards IPO worth up to £240m

May 11, 2016

Used car supermarket Motorpoint is driving towards a stock market flotation which could be worth up to £240m. The initial public offering (IPO), which Numis and Rothschild are advising on, could be this week. Some 100m shares are expected to be on offer, with the price range set at 190p-240p, meaning a valuation of between [...]
Ding dong: Energy company set to announce plan for £8.5bn IPO

May 11, 2016

Dong Energy is expected to announce its plan for an initial public offering (IPO) tomorrow. The flotation is expected to value the company around 80bn Danish crowns (£8.5bn). The majority state-owned utility company is Europe’s largest offshore wind farm developer and has a large operation in the UK, where it employs more than 700 staff. [...]

Two top flight clubs in same league to be owned by same firm after major sport decision

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This hotel on the Elizabeth Line is 30 minutes from London but feels totally remote

By: William Turvill

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