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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EU referendum: 2015 was record year for UK-targeted deals from Europe despite approaching Brexit vote

April 20, 2016

The looming referendum was not enough to put European Union countries off doing business with the UK last year, newly-compiled figures show. Some $206bn (£143bn) worth of deals in which businesses based in other EU countries acquired British counterparts were announced last year. This marked a new record, according to Dealogic, and was up from $12.3bn [...]
Daily Mail owner did not bid for Yahoo – but remains in discussions with parties “who may potentially be interested”

April 20, 2016

The Daily Mail owner isn't interested in Yahoo after all. Or is it? DMGT said in a statement today it had not made a bid for part of the US internet giant. But the company said it "remains in discussions with parties who may potentially be interested in Yahoo", indicating it could be involved in a [...]
Rent-to-buy business Rentplus secures up to £70m funding as it aims to build 5,000 affordable homes by 2020

April 20, 2016

A new business aiming to build 5,000 affordable homes by 2020 has secured up to £70m in funding. Rentplus said the funds, from BAE Systems Pension Funds Investment Management, will be used to help deliver its first 580 homes. BAE has approved an initial £35m private placing of an inflation-linked bond for the company with a [...]
EU referendum: Britain Stronger In Europe to hold exclusive (and secretive) City of London fundraising event as it battles against a Brexit

April 20, 2016

Are you busy tonight? If not, you clearly weren't considered important enough to be invited to an exclusive and secretive fundraising event for the Remain campaign. City A.M. understands that the dinner is being held in central London this evening to bolster the coffers of campaigners who are vying to keep Britain in the European Union, and [...]
UK investment banking revenue down 21 per cent in first quarter of 2016 despite Shell and BT deals completing

April 19, 2016

UK investment banking revenue was down 21 per cent in the first quarter of this year, according to newly-compiled figures. Goldman Sachs accounted for 12.3 per cent of the total $1bn (£695m) revenue, ahead of JP Morgan (10.4 per cent) and Barclays (6.9 per cent). Read more: Investment banking revenue plummets to post-crisis low Dealogic's UK [...]
Ardian raises $10.8bn to invest in secondary private equity funds and says “market has come of age”

April 19, 2016

The second-hand private equity market has "come of age", Ardian declared as it announced new funding worth $10.8bn (£7.5bn). The private equity firm, which until 2013 was Axa Private Equity and is now largely employee-owned, said it has raised $27.4bn for secondary investment in the last five years. Ardian today announced it had fundraised $10.8bn for secondary [...]
Sky News loses Gherkin presence after six years in the heart of the City of London

April 19, 2016

Sky News has lost its presence in the Gherkin after six years. The broadcaster's business coverage is now being shot in its Millbank and Osterley studios. Read more: Mapped: Londoners are sick of all the skyscrapers City A.M. understands Sky News's landlord activated a break clause forcing the broadcaster to leave the City of London this month. Sky [...]
McCarthy & Stone share price rises after retirement home builder reports 33 per cent revenue growth

April 19, 2016

McCarthy & Stone's share price was up this morning after the retirement home builder reported 33 per cent revenue growth. The figures In the six months to 29 February, McCarthy & Stone reported revenue of £250.2m, up from £188.5m in the same period last year. Its underlying pre-tax profit was £39.1m, up 23 per cent from [...]
Successive governments accused of being “wildly reckless” as report finds public sector pensions and unpaid student loans add up to create £1.85 trillion liabilities “timebomb”

April 18, 2016

Successive governments have been accused of being "wildly reckless" as new research today warned state liabilities add up to a £1.85 trillion "timebomb". The UK national liability figure, compiling "debts waiting to happen", brings the nation's total debt to £3.45 trillion, according to the Adam Smith Institute. The report warned the liability, which includes £1.3 trillion in public [...]
Edmond de Rothschild targets “flurry of M&A activity” expected in UK after EU referendum

April 18, 2016

Edmond de Rothschild Asset Management has launched a new UK equity fund in anticipation of a "flurry of M&A activity" in the UK after the EU referendum. The Edmond de Rothschild Fund UK Synergy will target takeover deals and companies for restructuring. The fund was seeded with £3m and Edmond de Rothschild is aiming to build [...]

European fintechs ride the Trump train to Wall Street

Itoje and Pollock can boost Britain’s soft power on global stage, MP says

The Louis Theroux Manosphere doc is horrid, addictive viewing

By: William Turvill

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