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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Spotlight falls on the London Stock Exchange-Deutsche Boerse merger: Who knew what, and when?

February 6, 2017

The plot around the London Stock Exchange’s proposed £21bn mega-merger with Deutsche Boerse continues to thicken, with more confusion emerging over when talks between the companies began. German authorities have opened a criminal probe into Deutsche Boerse chief Carsten Kengeter and are investigating whether negotiations between the companies were under way prior to a €4.5m (£3.9m) [...]
Dodd-Frank reform could force UK to loosen financial services regulations

February 5, 2017

The UK and the rest of Europe could come under pressure to loosen financial services regulations, analysts have said, after the President of the United States last week set in motion his plans to scale back rules across the pond. Donald Trump signed an executive order for the 2010 Dodd-Frank financial regulations to be reviewed on [...]
Boss of troubled newspaper group Johnston Press set for meeting with activist investor

February 5, 2017

The under-pressure chief executive of newspaper group Johnston Press is preparing for talks with activist investor Crystal Amber, which recently became the company’s biggest shareholder. Ashley Highfield expects to meet the investor shortly, with chief financial officer David King, after a trading update at the end of last week. Read more: Why Brexit, Trump and [...]
Fund managers plan executive pay crackdown to avert need for government intervention

February 5, 2017

A group of fund manager giants have agreed to club together to combat excessive executive pay. Aberdeen Asset Management, M&G Investments and Standard Life Investments were among 13 firms involved in the recent pact. The agreement came after an 18 January meeting of the Investment Association, which came around the time Blackrock, the world’s biggest fund manager, indicated [...]
MPs question government over Green Investment Bank restructuring ahead of privatisation

February 5, 2017

A group of MPs is ramping up pressure on the government over the privatisation of the Green Investment Bank (GIB). The Environmental Audit Committee today published a letter condemning the fact “parliament appears to be kept in the dark” over the sale process. The committee, led by Labour MP Mary Creagh, also raised concerns about a [...]
German minister: It is “crystal clear” London Stock Exchange-Deutsche Boerse HQ should be in Frankfurt

February 3, 2017

The location of the legal headquarters of the merged London Stock Exchange-Deutsche Boerse company is in the spotlight again today after an influential German minister said the UK should lose out. Thomas Schaefer, finance minister in the state of Hesse, where Deutsche Boerse is based, said the reasons for the HQ being in Frankfurt are “crystal [...]
Little Chef roadside restaurant chain sold

February 3, 2017

Little Chef's owner has announced the sale of the roadside restaurant business. Kout Food Group said today that it had sold its roadside portfolio to Euro Garages, a roadside retail company operating brands such as Starbucks, Subway and Greggs. Read more: Little Chef is being gobbled up City A.M. understands Euro Garages has bought all of [...]
Private equity houses trade audio mixing console maker used by Adele, Beyonce, Pharrell Williams and Justin Bieber

February 3, 2017

A UK-listed private equity firm has announced the sale of an audio mixing console maker whose equipment is used by the likes of Beyonce, Adele, Pharrell Williams and Canadian popstar Justin Bieber. Epiris, the manager of Electra Private Equity, expects proceeds of £203m from the sale of Audiotonix to European firm Astorg. The £203m marks [...]
Newspaper group Johnston Press hit by sterling fall, but Brexit, Trump and fake news could be a boost in 2017

February 3, 2017

Newspaper group Johnston Press has a complicated relationship with Brexit. The publisher of the i, Yorkshire Post and Scotsman today reported being hit by “Brexit-related uncertainty” in a trading update. In addition, the fall in the value of sterling that followed the vote has increased the cost of imported paper and ink, adding more pressure [...]
Budweiser and AB InBev unwittingly get political with Super Bowl ad telling story of founder’s immigration to the US

February 3, 2017

Budweiser and its owner Anheuser-Busch InBev have, apparently unwittingly, become embroiled in the American immigration debate. A 60-second Super Bowl TV advert, documenting the journey of the company’s co-founder Adolphus Busch from Germany to St Louis, has been interpreted as a pro-immigration message shortly after Donald Trump suspended entry from seven majority Muslim countries. Read [...]

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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