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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Peppa Pig maker Entertainment One denies ITV takeover approach, but sees share price jump

April 14, 2016

Shares in Entertainment One leapt this morning following claims ITV is considering a takeover bid for the Peppa Pig owner. But the Canadian film distributor, which has a market valuation of $964m (£683m), denied reports of the approach. It told shareholders this morning: "Entertainment One notes the press speculation regarding a potential offer. No approach has been received by [...]
Poundland says it is on track to meet profit expectations despite accelerating like-for-like sales fall

April 14, 2016

Poundland believes it is on track to meet profit expectations despite its like-for-like sales fall accelerating. The figures In the year to 27 March 2016, like-for-like sales decreased by 3.9 per cent. The fall was steeper – 4.9 per cent – in the second half of the year. In the fourth quarter, Poundland reported a sales [...]
US presidential election 2016: Donald Trump would be worse for deals activity than Hillary Clinton and Bernie Sanders, survey of 1,500 M&A bankers finds

April 14, 2016

Mergers and acquisitions (M&A) bankers are more worried about the prospect of Donald Trump than Bernie Sanders, a self-described socialist. Some 62 per cent of 1,500 M&A banking professionals worldwide believe Trump, the Republican frontrunner, would have a negative impact on activity in their area. Read more: Donald threat trumps Brexit, fund manager tells investors This [...]
With “unaddressed cultural clashes” disrupting M&A, insurance company encourages dealmakers to switch focus from finance to people

April 13, 2016

Businesses must focus more on tackling "cultural clashes" for mergers and acquisitions (M&A) success, according to insurance company Willis Towers Watson. A survey of 750 insurance executives found 42 per cent of companies recognise the importance of cultural integration and of hiring and retaining employees to the success of a deal. Read more: Brexit warning from Germany [...]
EU referendum: Vote Leave’s John Longworth slams IMF as “wrong consistently” and claims there is no evidence Brexit vote is causing investment delays

April 13, 2016

John Longworth, the former head of the British Chambers of Commerce turned Brexit campaigner, has denied there is any evidence investment decisions are being held up by the looming EU referendum. He was speaking after the International Monetary Fund yesterday warned that a so-called Brexit would cause major instability to the UK, European and world economies. [...]
Fintech collaborators gain ground on disrupters as global investment rockets by 67 per cent in first quarter of 2016

April 13, 2016

It pays to be kind in fintech. Or, at least, it shows how mature you are. A new report has suggested collaborative fintech ventures, which target financial institutions as customers, are gaining ground on disrupters, which aim to compete with them. Globally, collaborative ventures accounted for 38 per cent of all fintech investment in 2010. In [...]
Premier Foods share price drops 30 per cent after US company McCormick gives up on bid to buy Mr Kipling owner

April 13, 2016

US company McCormick has given up on its bid to buy rival Premier Foods following a due diligence review. The UK company's share price dropped by more than 30 per cent this morning to 39.74p. Premier Foods, which owns Mr Kipling, had previously rejected three offers from McCormick. But Premier announced last week that it would be meeting with [...]
European private banking group expands UK presence with acquisition from BNP Paribas

April 12, 2016

A pan-European private banking group has announced an acquisition from BNP Paribas to expand in the UK. KBL European Private Bankers has reached a preliminary agreement to buy Insinger de Beaufort, a private bank in the Netherlands that is also active in the UK. KBL already owns private bank Brown Shipley, which is based in the UK. Read more: M&A boom of [...]
“Closet indexer” fund managers help drive exchange-traded fund market to record levels in Europe as assets invested globally top $3 trillion

April 12, 2016

Assets invested in exchange-traded funds and products listed in Europe reached record levels at the end of the first quarter in 2016. Preliminary figures from ETFGI shows $522bn (£366bn) was invested in the funds at the end of March. The market also saw its 18th consecutive month of net inflows, totalling $5.11bn. The data also showed [...]
Oil price turbulence creates “once-in-a-generation buying opportunity” for private equity

April 12, 2016

Oil price turbulence has created a “once-in-a-generation buying opportunity” in private equity, according to a new report. PE Views, a report Latham and Watkins, notes that while many companies are "focused on pure survival", there are buyers willing to "bet on an eventual recovery". Read more: Oil price volatility is holding back M&A in the industry… [...]

Sportl: the pay-as-you-go gym app sprinting into the capital

Abramovich to fight UK Government over funds from £2.5bn Chelsea sale

Aboard the Celebrity Cruises ship with Gwyneth Paltrow partnership

By: William Turvill

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