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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Advent International and others mulling £1bn-plus Land Registry takeover as government considers privatisation

March 15, 2016

Advent International and others are considering bids for the government's £1bn-plus-valued Land Registry. City A.M. understands the buyout firm is one of a number of parties interested in the agency, which holds the titles for most of England and Wales’s land. Delivering his Autumn Statement last November, chancellor George Osborne said the government would "consult on options to [...]
Former Schroders equities trader to be sentenced after pleading guilty to nine counts of insider trading

March 15, 2016

A former Schroders equities trader has pleaded guilty to nine counts of insider trading. Damian Clarke will be sentenced on 13 June this year after pleading guilty at Southwark Crown Court. He pleaded guilty to seven counts of insider dealing on 24 July 2015 and today pleaded guilty to the two remaining counts. Read more: Finance watchdog hits [...]
Serious Fraud Office drops forex probe saying there is “insufficient evidence for a realistic prospect of conviction”

March 15, 2016

The Serious Fraud Office has ruled there is “insufficient evidence for a realistic prospect of conviction” in its investigation into forex manipulation. The criminal investigation was launched in July 2014 following allegations of price rigging in the UK's £3 trillion-a-day foreign exchange market. The claims centred around allegations that traders would manipulate the flow of trades and [...]
Allianz’s Mohamed El-Erian warns global economy will continue to face “improbables” like Trump, oil price fluctuation and UK’s Brexit vote

March 15, 2016

Allianz chief economic adviser Mohamed El-Erian has warned the world economy will face more “improbables” like the "Trump phenomenon", oil price fluctuation and China's struggles in the coming years. El-Erian, who is chair of President Barack Obama’s Global Development Council, also spoke about Britain’s EU referendum vote being a result of the global rise of non-traditional political parties. On [...]
Publishing and events company Ascential reports return to pre-tax profit in 2015 after flotation this year

March 14, 2016

Ascential, the Cannes Lions advertising festival owner that floated on the London Stock Exchange this year, returned to pre-tax profit in 2015. The figures Ascential reported revenue growth of 6.1 per cent to £319.1m. This growth was down from seven per cent in 2014. Its pre-tax profit for 2015 was £8.4m, up from a loss of £5.4m the year before. The [...]
Applegreen share price rises three per cent, fuelled by 15 per cent revenue growth

March 14, 2016

The share price of Applegreen rose three per cent today after the petrol forecourt retailer reported a 15 per cent growth in revenue in the year it went public. The figures Ireland-based Applegreen reported a gross profit of €125.9m (£97.6m) in the year to 31 December 2015. This was up 30 per cent from €96.6m in [...]
Digital marketing company Be Heard agrees deal to acquire MMT Digital for up to £20.5m

March 14, 2016

Digital marketing company Be Heard has conditionally agreed to acquire MMT Digital for up to £20.5m. If approved by shareholders, Be Heard would pay an initial £5.1m for the design, build and user experience agency. And an additional £15.4m could be paid subject to performance. Be Heard announced a temporary suspension of trading on the [...]
Mid-market businesses pursuing M&A “significantly” up in 2016, new study finds

March 14, 2016

Mid-market businesses are “significantly more inclined” to engage in mergers and acquisitions (M&A) in 2016 than previously, a new study has found. Some 53 per cent of mid-market business leaders are certain or likely to pursue M&A or external growth this year, Capstone Strategic’s State of Middle Market M&A 2015 found. The most likely reasons [...]
Peer-to-peer mortgage company LendInvest announces £17m investment from Skype founder’s company Atomico

March 14, 2016

Peer-to-peer (P2P) mortgage company LendInvest has announced a new investment worth £17m. The company's second equity investment has come from Atomico, a venture capital investment firm launched by Niklas Zennström, who founded Skype. It comes nine months after LendInvest raised £22m from Chinese technology company Beijing Kunlun. And LendInvest said it brings institutional investment to more than £200m in [...]
M&A firm Clearwater International expands further into Europe with French and German company mergers

March 14, 2016

London-headquartered Clearwater International, a mid-market mergers and acquisitions (M&A) firm, has today grown its presence further into Europe. Germany-based @Visory and France’s Easton Corporate Finance have merged into the company with immediate effect. Clearwater will now have 15 office locations, with around 200 staff now covering Europe, North America and Asia. The company said it [...]

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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