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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Rupert Murdoch’s Times newspapers report pre-tax profit of £10.9m, up from 2014 loss

March 23, 2016

Times Newspapers, part of Rupert Murdoch's News UK, has reported a return to pre-tax profit. Elsewhere, News Group Newspapers – the News UK arm that publishes The Sun – reported a £253m pre-tax loss because of legal costs. The figures The Times and Sunday Times titles reported a pre-tax profit of £10.9m for 2015, up from a loss of [...]
Benefits of Channel 4 privatisation “inherently uncertain”, Ernst and Young report commissioned by broadcaster finds

March 23, 2016

The benefits of privatising Channel 4 are "inherently uncertain", according to a new report commissioned by the broadcaster. Channel 4 has today published a report produced by Ernst and Young (EY) as the government reviews whether it should have a different ownership structure. It emerged last summer that the government was considering privatising Channel 4. [...]
Kingfisher share price up after chief executive says company is “very confident” it can deliver five-year plan

March 23, 2016

Kingfisher's share price rose by more than three per cent this morning after the DIY giant said its five-year plan was on track. The figures The company, which owns B&Q and Screwfix, reported adjusted sales of £10.3bn. This was down from £10.6bn in the year to 31 January 2015. But it reported small increases in [...]
MPs call for London Stock Exchange executives to face parliamentary scrutiny over Deutsche Boerse merger: “Are we handing over control to the Germans?”

March 23, 2016

MPs have called for London Stock Exchange executives to be called before parliament to answer questions about its proposed merger with Deutsche Boerse. Details of the “merger of equals” were announced last week by the companies. If it goes through, LSE shareholders will own 45.6 per cent of the new company. Shareholders of the Frankfurt-based exchange Deutsche Boerse will [...]
Chinese and Silicon Valley deals set to keep M&A activity high in fintech, e-commerce and other tech industries

March 23, 2016

A mergers and acquisitions (M&A) advisory firm has predicted a bright future for activity in the fintech, automotive technology and e-commerce industries. In a series of reports, Hampleton Partners has found M&A activity in these areas has been “growing substantially” over the last 30 months. And movement from China and Silicon Valley is predicted to keep [...]
Independent journalists facing pay cuts of up to 50 per cent if they switch from newspaper to online-only title

March 22, 2016

Independent newspaper journalists switching from print to digital are facing pay cuts of up to 50 per cent. The National Union of Journalists has said it is "concerned for the future" of The Independent, which is moving this week to become digital-only. And The Guardian today reports that some journalists are being asked to take pay cuts of [...]
Passive investors are on the rise, according to new research into Sipps and Isas

March 22, 2016

There has been a rise in passive investors in the current tax year, according to new research into self-invested personal pensions (Sipps) and Isas. Interactive Investor said that among its clients passives make up three of the five most popular funds in Sipps. Meanwhile, the online investment service said the top five Isa collectives held are all [...]
Apple rules out Imagination Technologies takeover “at this time” after holding talks with UK chip design company

March 22, 2016

Apple has decided not to go ahead with an offer for Imagination Technologies after holding talks with the company over a potential takeover. The US technology giant said in a statement: "From time to time, Apple talks with companies about potential acquisitions. "We had some discussions with Imagination, but we do not plan to make [...]
Apperio, London tech startup with aim of bringing “meaningful transparency” to legal system, raises £1.7m in seed funding round

March 22, 2016

London legal technology startup Apperio has secured £1.7m in a seed funding round. The company, which provides a real-time legal fee tracking platform, said it has been backed by Notion Capital, NextLaw Labs and IQ Capital among others. This was Apperio's second funding round and was led by Notion Capital, which focuses on cloud computing and [...]
Micro Focus share price rises after UK company announces $540m deal to acquire US firm Serena Software

March 22, 2016

UK software company Micro Focus has announced a $540m (£379m) deal to acquire US firm Serena Software. Privately-owned Serena Software is headquartered in California, but is managed from Hillsboro, Oregon, and St Albans in the UK. It also operates in 10 other countries. Serena reported revenues of $176.2m in the year to 31 January 2015 and adjusted [...]

The Magnificent 7 in 2025 – and the survival of the richest

Reading owner Rob Couhig considers selling training ground to raise funds

Food trends 2026: What Londoners will eat in the new year

By: William Turvill

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