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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London Stock Exchange and Deutsche Boerse confident European regulators will wave through £21bn mega merger

February 8, 2017

The London Stock Exchange (LSE) moved one step closer to its £21bn mega-merger with German exchange Deutsche Boerse yesterday, formally submitting concessions to competition regulators in Brussels. The offer goes little beyond the LSE’s sale of its French clearing unit LCH SA to Euronext. However, both exchanges are confident the submission will be enough to [...]
Plus500 confident it can deal with FCA crackdown and commits to London

February 7, 2017

Spreadbetting firm Plus500 saw its shares jump three per cent today as the company indicated it was well placed to deal with regulatory pressures presented by the City watchdog. Plus500’s chief executive also told City A.M. that the London-listed company will not be seeking to shift resources away from the UK, despite Financial Conduct Authority [...]
Ascential buy: FTSE 250 media company behind Cannes Lions festival buys $69m US firm

February 7, 2017

Ascential, the FTSE 250-listed media company formerly known as Emap, has agreed to buy US advisory and business services group MediaLink. The company behind the Cannes Lions advertising festival has agreed an initial cash consideration for MediaLink of $69m (£55m) plus future earnouts. The target company, which was founded in 2003 and has four offices [...]
Speedy Hire on the mend: Tool rental company making “concrete progress”

February 7, 2017

Tool rental company Speedy Hire demonstrated some “concrete progress” in a trading update today. The company’s shares lifted by more than six per cent when the market opened, before drifting slightly later in the day. But the update, which reported a like-for-like revenue lift of 10.6 per cent in its third quarter, to 31 December, [...]
Advisers on London Stock Exchange-Deutsche Boerse deal could rake in up to £305m

February 7, 2017

The London Stock Exchange and Deutsche Boerse could pay up to £305m between them to bankers, lawyers, accountants and PRs working on their merger. The top-end estimate was revised up today from £234m in light of an extended probe by the European Commission into the deal. Credit Suisse analysts noted today: We believe merger related [...]
Deutsche Boerse board expresses “full confidence” in chief executive Carsten Kengeter amid insider trading probe

February 7, 2017

Deutsche Boerse chief executive Carsten Kengeter has the “full confidence” of his board amid an insider trading probe relating to the company’s merger with the London Stock Exchange. The company’s supervisory board met yesterday to discuss the allegations against Kengeter “thoroughly and intensely”, Deutsche Boerse said. Read more: Spotlight falls on LSE-Deutsche Boerse merger: Who knew [...]
Singapore Exchange in talks with Saudi Aramco to beat London and others to secondary listing spot

February 6, 2017

The Singapore Exchange is said to be in talks with Saudi Aramco as it bids to co-host what is expected to be the world’s largest ever stock market listing. London, New York, Hong Kong and Japan are also thought to be in the running for the secondary listing spot of the oil and gas giant. Read [...]
Heineken closes in on Punch Taverns as its investment vehicle buys 28 per cent stake

February 6, 2017

Heineken has moved a step closer to completing its acquisition of Punch Taverns after its investment vehicle bought a significant stake in the British pub chain group. The Dutch brewer announced today that Vine Acquisitions, the vehicle it shares with partner Patron Capital, built up its share in the company to 28.5 per cent on Friday [...]
Government kicks off next stage of £12bn student loanbook sell-off

February 6, 2017

The government formally kicked off the next stage of its bid to sell £12bn-worth of student loans today. City A.M. revealed bankers from Barclays had been appointed to advise on the deal last month. Read more: Bankers appointed by government for latest student loans sell-off push The sale, which is being structured as a securitisation, is being [...]
Brian Winterflood: The broker who has helped shape the City over 60 years, including by blocking 2000 first exchange merger attempt

February 6, 2017

With not long to go before the London Stock Exchange and Deutsche Boerse find out whether their third formal attempt to merge is successful, it was perhaps bold of Xavier Rolet, the French boss of the UK company, to invite Brian Winterflood to open the market last week. Celebrating his 80th birthday and retirement from the [...]

UK fintech Zempler Bank gets snapped up for less than half its previous valuation

Why KKR-Arctos is not just about private equity getting bigger

The unlikely City florist that once served the royals

By: William Turvill

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