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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Thomson Reuters expects to complete sale of $3bn-valued intellectual property and science units this year

April 26, 2016

Thomson Reuters expects to sell off its intellectual property and science units, which have been valued at around $3bn (£2.1bn), this year. The US media company said in its first quarter report, released today, that a sale process has been launched and a deal is due to complete in the second half of 2016. The figures Thomson [...]
How the internet is driving UK advertising market to be the fastest growing in Europe

April 26, 2016

The UK has the fastest growing major advertising market in Europe, according to a new report. Adspend totalled £20.1bn in 2015, up 7.5 per cent on 2014. This was the biggest year-on-year growth on record since 2010. According to the Advertising Association/Warc Expenditure Report, spending on the internet made up £8.6bn of this, up 17.3 [...]
EU referendum: Election strategist Lynton Crosby warns over Remain complacency as latest poll shows increase in Brexit support

April 26, 2016

Sir Lynton Crosby has cautioned Remain supporters against "complacency" ahead of the EU referendum. The election strategist made his warning after an ORB poll, out this morning, showed a slight increase in support for a so-called Brexit during President Barack Obama's visit. But while 51 per cent of those polled said they supported remaining in the [...]
How technology is driving investor interest in British entrepreneurs

April 22, 2016

Investors are increasingly interested in British entrepreneurs, according to a new report. Growth capital raising in the UK, driven by automating technology, totalled £360m across 76 transactions in the first quarter, research by Kingston Smith found. The report noted that the figure was down from £405m across 99 transactions in the first quarter of 2015, but [...]
Martin Sorrell’s WPP leads marketing and communications global deals surge in first quarter of 2016

April 21, 2016

The value of deals activity in the marketing and communications sector grew by two-thirds in the first quarter of 2016. During the three months, 288 deals completed in the global market, up 32 per cent year on year, according to new research by Results International published today. The combined disclosed value of the deals was [...]
EU referendum: Jo Johnson, brother of Boris Johnson, urges businesses to join fight against “fanciful Brexit bluster”

April 21, 2016

Jo Johnson, the brother of Boris Johnson, will today warn that a Brexit vote could threaten the UK's position as a "global innovation hub". Jo Johnson, who like his brother is a Conservative MP, will tonight urge businesses to fight against a "fanciful Brexit bluster". Speaking to an audience of businesses and academics, the universities and science minister will say: “If we [...]
Frontrunner in Yahoo bidding process Verizon reports first-quarter results for 2016

April 21, 2016

Verizon Communications, the company tipped to win the Yahoo bidding war, reported a 2.9 per cent growth in earnings per share (EPS) in the first quarter of 2016. The figures The US firm's revenue grew 0.6 per cent on the first quarter of 2015 to $32.17.bn (£22.4bn). This was slightly below analysts' expectations of $32.46bn, [...]
Brick maker Forterra floats on London Stock Exchange with £360m valuation as it seeks to capitalise on growing UK housing market

April 21, 2016

The UK's second largest brick maker is making its debut on the London Stock Exchange today as it seeks to take advantage of the UK's growing housing market. The flotation values Forterra at £360m, with the company missing its target of £450m. The initial public offering (IPO) comprises a sale of 70m shares, representing 35 per cent of the [...]
AstraZeneca and HSBC chief executives next in line to face shareholder votes as report condemns boardroom pay practices as “broken” and “not fit for purpose”

April 20, 2016

Boardroom pay practice is to be blasted as “not fit for purpose” tomorrow in an Investment Association report. It is published as AstraZeneca is the latest firm facing the prospect of a shareholder revolt over chief executive Pascal Soriot's £8.4m pay package. City A.M. has learned Royal London Asset Management (RLAM), which owns more than £500m, [...]
European stock exchange operator considers options for blocking London Stock Exchange-Deutsche Boerse merger

April 20, 2016

Euronext is considering options on how to block the London Stock Exchange-Deutsche Boerse merger. The European stock exchange operator is said to be consulting with advisers, considering lobbying in favour of a counter-bid for LSE from Intercontinental Exchange (ICE) and arguing against the merger to regulators in Brussels. Read more: London Stock Exchange battle heats up [...]

The end of the tax year is approaching: Here are the key allowances to use

Man City Puma kit deal helps UK sponsorship market hit £5bn

Spirit of Speyside Whisky Festival to drive millions into Scotch sector

By: William Turvill

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