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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Pfizer-Allergan merger collapse stokes fears M&A bonanza is coming to an end

April 6, 2016

The biggest pharmaceuticals deal in history, a planned $160bn (£113bn) merger of US company Pfizer and Ireland’s Allergan, was abandoned today as a result of a US government crackdown on so-called tax inversions. The collapse of the blockbuster deal has stoked fears that last year’s M&A bonanza is coming to an end. Read more: More [...]
Co-Operative Group chief executive Richard Pennycook asks board for salary and pay cut

April 6, 2016

Update: This has now been confirmed by the group – all the details are here. Co-Operative Group's chief executive has asked his fellow board members for a pay cut. Richard Pennycook is understood to have requested his basic salary, currently £1.25m, be reduced by a third. He has also asked for his total compensation to be [...]
Headhunting startup YapJobs secures £1m in seed funding for expansion across London

April 6, 2016

A headhunting startup has raised £1m in seed funding as it prepares to rollout its technology across London. YapJobs, which launched in November last year, focuses on connecting people with jobs in the hospitality and service sectors. Read more: These are the hottest 50 fintech companies (and half are from London The firm said it [...]
London Stock Exchange chief executive Xavier Rolet: Brexit impact would be “substantial” – Thatcher’s Britain should lead, not leave, the European Union

April 5, 2016

Xavier Rolet believes the impact of a Brexit on the City would be "substantial" and "almost immediate" following the referendum. Instead of exiting the European Union, the London Stock Exchange chief executive wants Britain to channel the spirit of Margaret Thatcher and lead the continent to a new era of strong economic growth. Rolet was speaking to City A.M. during [...]
Global investment banking fees fall 29 per cent year on year to lowest first quarter since 2009

April 4, 2016

Global investment banking fees fell 29 per cent year on year in the first quarter of 2016, according to new figures. Global fees reached $16.2bn (£11.4bn) by the end of March this year – making it the lowest first quarter since 2009, according to Thomson Reuters figures out today. Read more: Investment banking revenue plummets to [...]
Spain’s prime minister suggests working day shake-up which could bring an end to the siesta

April 4, 2016

Is moving to a sleepy Spanish town and enjoying naps during the working day one of your long-held dreams? Well, you may have to forget it and throw away your Spanish phrase book. Lengthy lunch breaks and siestas could be about to become a thing of the past in Spain. Read more: This Spanish town has just made having [...]
EX referendum: Brexit vote would be bad for business, say two-thirds of insurers

April 4, 2016

More than two-thirds of insurers, brokers and service providers working in London's international insurance market believe a Brexit would be bad for business. Some 68.7 per cent of market practitioners surveyed believe a UK vote to leave the European Union would “hurt” or “severely damage” Lloyd's of London. Meanwhile, 6.2 per cent said it would benefit [...]
New York Stock Exchange owner secures financing for £10bn London Stock Exchange takeover bid to rival proposed Deutsche Boerse merger

April 4, 2016

The Intercontinental Exchange (ICE) is understood to have secured funding for a £10bn takeover bid for the London Stock Exchange (LSE). ICE, which owns the New York Stock Exchange, confirmed it was considering a bid in early March shortly after the LSE said it was in merger talks with Deutsche Boerse. The LSE and Deutsche [...]
This map shows how commuter belt homes cost £3,000 more for every minute closer they are to London

April 4, 2016

Commuter belt house prices increase by more than £3,000 for every minute closer to London by train they are, according to new research. Analysis by estate agency Savills found the average inner London house price is £606,000. Commuter locations within half-an-hour's train ride of London have average house prices of £458,000. And, further out, the average price [...]
UK financial services executives back London to become world’s fintech hub

April 4, 2016

UK-based financial services executives are backing London to become the world's fintech hub. Some 92 per cent of those surveyed by Robert Half Financial Services said the UK has the ability to become the field’s worldwide leader. Read more: These are the most influential people in UK fintech Six per cent of the 100 executives surveyed [...]

Reeves warns oil price shock to fuel higher inflation for Brits

Formula 1 plans peace talks with raging drivers after Verstappen Mario Kart jibe

Aboard the Celebrity Cruises ship with Gwyneth Paltrow partnership

By: William Turvill

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