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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Facebook acquires Masquerade, the creator of MSQRD, the app that Cara Delevingne used to swap faces with Leonardo DiCaprio

March 9, 2016

Facebook is acquiring Masquerade, the creator of the MSQRD app. The app allows users to place filters, masks and special effects on selfies and videos. Facebook’s move for Masquerade has been seen as another challenger to Snapchat. Read more: Facebook taking on Snapchat with disappearing messages This is not the first time Facebook has been seen [...]
Teva expected to win European Commission approval for $40.5bn Allergan deal

March 9, 2016

Teva Pharmaceutical Industries is expected to win antitrust approval from the European Commission for a $40.5bn (£28.5bn) bid for Allergan's generics unit. If the deal is closed, Allergan will receive $33.75bn in cash and shares of Teva valued at $6.75bn. The deal is set to get the go-ahead from the European Commission after Teva agreed [...]
Italian insurer Generali set to name new chief executive this week

March 9, 2016

Italian insurer Generali is set to name its new chief executive on Friday. The new appointment will replace Mario Greco, who is moving to take over as chief executive of Zurich Insurance. Two sources close to the matter told Reuters Philippe Donnet, the current head of Generali Italia, is the frontrunner for the role. Read more: Generali boss Mario [...]
Societe Generale to cut 550 jobs over next five years

March 9, 2016

Societe Generale is to cut 550 jobs over the next five years. The bank confirmed it is targeting 550 job reductions in the back offices of its French retail banking network, resulting in the closures of six out of 20 locations. The French bank said the plan would not rely on mandatory redundancies. The move is part [...]
Energy prices: February sees 55 per cent uplift in households switching electricity supplier

March 9, 2016

There was a 55 per cent increase in households switching electricity supplier last month, according to new figures. Energy supplier trade body Energy UK said 413,762 homes did so in February – up from 266,096 in January. It was also up by 30 per cent on February 2015. Energy UK said the latest electricity-switching data shows a net gain to [...]
Moody’s warns Europe’s commercial real estate markets are facing risks from Brexit, refugee crisis and lower growth in China and emerging markets

March 9, 2016

Europe's commercial real estate (CRE) markets are facing increasing risks, not least from the UK's EU referendum, according to a new report by Moody's Investors Service. While the sector will be supported by a "robust" economic performance in Europe, it is also under threat from emerging markets, China, the refugee crisis and lower commodity prices. [...]
US presidential election 2016: Donald Trump seeks to regain momentum in Republican nomination race

March 8, 2016

Donald Trump was seeking to regain momentum in the Republican nomination race today. The presidential hopeful split four contests with rival Ted Cruz on Saturday. This came after the Republican frontrunner endured a week of attacks from the party's establishment. Read more: Why has Michael Bloomberg ruled out running for President? Four states voted on Tuesday, with Michigan [...]
Channel 4 chief executive warns privatisation would be “a solution in search of a problem”

March 8, 2016

Channel 4’s chief executive today made the case for the network to remain public, saying: “Privatisation is a solution in search of a problem." Channel 4’s revenue was £938m in 2014, and David Abraham said he expects turnover to exceed £1bn in 2016. He also said Channel 4 has reserves of more than £200m, meaning it [...]
Citigroup share price tumbles after company announces 15 per cent first-quarter drop in revenue from trading in equity and fixed-income markets

March 8, 2016

Citigroup's shares fell today after its chief financial officer said revenue from trading in equity and fixed-income markets is expected to drop 15 per cent in the first quarter of 2016. John Gerspach also revealed investment banking revenue is expected to fall 25 per cent year on year. Read more: Citi shares slide despite better than expected results Shares [...]
International Women’s Day: Young mothers suffering from workplace “pay penalty”, new research finds

March 8, 2016

Women who become mothers before the age of 33 earn on average 15 per cent less than those without children, new research has found. Younger mothers are also more likely to experience poor treatment in the workplace, affecting their earnings, according to analysis published by the TUC today, International Women's Day. Read more: Sorry, but quotas [...]

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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