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: Former head of British Chambers of Commerce John Longworth condemns anti-Brexit multinational companies as “short-termist and narrowly focused”

April 11, 2016

John Longworth, the former head of the British Chambers of Commerce, has accused large companies campaigning for Britain to remain in the European Union of being “short-termist and narrowly focused”. Longworth stepped down from his position as director-general of the BCC last month after he was suspended for expressing his support for a so-called Brexit. [...]
David Cameron to tell MPs: Companies will be criminally liable for employees who facilitate tax evasion

April 11, 2016

Companies whose employees facilitate tax evasion will be held criminally liable, David Cameron will tell MPs today. The Prime Minister will address the Commons after a week in which his personal tax affairs came under scrutiny. Cameron was accused of hypocrisy last week by Labour after he confirmed that he had a stake in his [...]
Mother’s Day and Easter fail to bring growth to high street, as March sees “disappointing” start to 2016 continue

April 8, 2016

Mother's Day and Easter weren't enough to save a high street sales decline last month. Sales were down one per cent year on year in March after a month of peaks and troughs. March started strongly, partly due to an early Mother's Day, according to BDO's high street tracker, released today. Read more: High street bounces back thanks [...]
Bank worries over fintech and an approaching “Uber moment” are subsiding, new research finds

April 7, 2016

Bank worries over fintech and an approaching "Uber moment" are subsiding, a new study suggests. A survey of 127 finance industry professionals by Autonomous Research found that while fintech is seen to matter more, the perceived “Uber risk” is receding. Read more: Fintech is coming to take your banking job Nine per cent of those surveyed said [...]
Verizon Communications lines up bid for Yahoo’s web business, with Google and others also considering moves

April 7, 2016

Verizon Communications is said to be interested in bidding for Yahoo's web business. The share price of Yahoo initially shot up when news of the potential bid emerged, before closing down 1.3 per cent at $36.17. Verizon's shares closed down nearly 2.8 per cent at $51.99. Read more: Yahoo-h dear. Web portal expects 15 per cent revenue [...]
Twitter share price down after Morgan Stanley cuts earnings forecast and price target for social media company

April 7, 2016

Morgan Stanley has cut its price target and earnings forecast for Twitter. In a note on Thursday, analysts led by Brian Nowak cut the social media firm's price target from $18 to $16. And Morgan Stanley's projection for earnings before interest, taxation, depreciation and amortisation (Ebitda) for 2017 is down 13 per cent to $769m. Read [...]
EU referendum: Credit Suisse staff told to avoid discussions around Brexit

April 7, 2016

Credit Suisse has asked its employees to avoid discussions around Britain's EU referendum. The Swiss lender has issued guidance telling staff not to attend or arrange client events where a so-called Brexit may be discussed, and not to talk about the issue in public. Read more: Credit Suisse: Brexit could benefit Jeremy Corbyn The memo was sent [...]
Uniqlo owner cuts outlook after warm winter sees operating profit fall 30 per cent – but company confident new Oxford Street store will “serve as a beacon for new London culture”

April 7, 2016

A warm winter has been bad news for Uniqlo globally. But things are going okay in Europe. And its Japanese owner, Fast Retailing, is especially hopeful for the brand's future in the UK. The results noted that a new store opening on Oxford Street in London has "attracted a great deal of attention, with the store poised [...]
US economy is about to be “swept away by a tidal wave of corporate default”, roars Societe Generale uber bear

April 7, 2016

A Societe Generale analyst has predicted the US economy is about to be “swept away by a tidal wave of corporate default”. Albert Edwards has not shied away from bearish comments in the past and has been dubbed an "uber bear". In February 2014, amid turmoil in emerging markets, he described the unravelling as "the final tweet of [...]
Yahoo anticipates another 15 per cent drop in revenues to $3.5bn in 2016

April 6, 2016

Yahoo is anticipating another 15 per cent drop in revenues this year. The web portal reported profits of $4.4bn (£3.1bn) in 2014, $4.1bn last year and is expecting this figure to drop to $3.5bn in 2016. Read more: Hedge fund wants to overhaul Yahoo's board The figures were first reported by Re/Code, which quoted them from a [...]

Here we go again: Tube strikes to hit London from March to May

£9bn World Cup too big to be derailed by Middle East conflict, says Fifa chief

Aboard the Celebrity Cruises ship with Gwyneth Paltrow partnership

By: William Turvill

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