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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UK M&A report: Overall activity “relatively flat”, but British companies increased shopping abroad last quarter

March 8, 2016

UK M&A activity in the fourth quarter of 2015 was "relatively flat" year on year and down on the third quarter. The Office for National Statistics noted M&A “involving UK companies continued to show low levels of activity compared with those seen before the 2008 to 2009 economic downturn”. During the period, completed acquisitions of [...]
British female entrepreneurs on the rise: Report finds millennial women more likely to start businesses than men and older ladies

March 8, 2016

The proportion of female entrepreneurs in the UK has nearly doubled among recent generations, a new report has found. And the majority – 59 per cent – of entrepreneurs aged under 35 are female, according to HSBC Private Bank’s Essence of Enterprise report. This figure for millennials compares with 16 per cent among UK entrepreneurs over the age of [...]
Financial Conduct Authority chief hopes new senior managers regime would have prevented 2008 financial crisis

March 7, 2016

The chief executive of the Financial Conduct Authority hopes the new senior managers regime would have prevented the 2008 financial crisis. Andrew Bailey described the previous system as "fuzzy", adding: "The Parliamentary commission on banking standards had this very nice analogy with Agatha Christie’s Murder on the Orient Express: ‘Everybody’s at the scene of the crime, nobody’s responsible [...]
Blackrock could face penalties and compensation costs after “inadvertent” sale of unregistered shares

March 7, 2016

Blackrock Inc could face penalties and other costs in the United States after it sold more shares than it was authorised to in its iShares Gold Trust. Between 19 February and 3 March, the company issued and sold $296m of shares without properly registering them with the US Securities and Exchange Commission. Read more: BlackRock [...]
Fast-food company Shake Shack reports revenue and profit growth in fourth quarter

March 7, 2016

Shake Shack today reported total revenue of $51.1m (£35.8m) for the fourth quarter of 2015, up 46.8 per cent year on year. The figures The fast food chain also reported a sales increase of 49.2 per cent to $49.3m. And the company reported its operating profit up 88.1 per cent to $13.9m. Read more: Shake [...]
TV producer ITN sets out 2020 vision, with plans to increase revenue by 50 per cent and grow US presence five-fold

March 7, 2016

Television producer ITN has set out plans to boost its revenue by 50 per cent in the coming years. The company, which creates content for ITV, Channel 4 and Channel 5, is aiming for a turnover of more than £180m by the end of 2020. Read more: ITV shares drop despite growth and Euro football hopes [...]
Bed specialist Dreams reports tripled earnings, and sales up 19 per cent, after restructuring

March 7, 2016

Dreams do come true for some. Bed specialist Dreams has reported a tripling in earnings, and sales up 19.4 per cent, in 2015. The figures The company reported earnings before interest, taxation, depreciation and amortisation (Ebitda) of £21.1m, up 207 per cent from £6.9m in 2014 . This figure was pre-exceptional items – including one-off and non-recurring costs involving refinancing and restructuring [...]
Chemist chain Day Lewis Group secures £160m M&A funding and targets 150 pharmacy acquisitions

March 7, 2016

Chemist chain Day Lewis Group has secured £160m of investment from banking partners as it targets the acquisition of 150 pharmacies. The family-owned business currently owns 277 sites across the UK and is aiming to build this number up to more than 400 by 2021. Day Lewis Group also said it aims to double its [...]
London property demand “as healthy as ever” as buy-to-let winter rush is followed by “huge surge” in number of people looking for homes to live in

March 7, 2016

There has been a “huge surge” in the number of people looking to buy London homes to live in, according Chestertons. The lettings and estate agent said owner-occupiers are set to dominate the market following a winter rush of people hoping to beat April's three per cent stamp duty surcharge for second homes and buy-to-let properties. Chestertons said [...]
Small pub companies’ total revenue up one-third in five years, outperforming larger chains, research finds

March 7, 2016

Pint glasses are clinking across the country after new research found small pub companies' revenue has grown by nearly a third in five years. According to Ortus Secured Finance, SME pub companies' total turnover grew from £980m to £1.3bn between 2010 and 2015. This compared with 13 per cent growth over the same period for [...]

Young people could lose benefits if they refuse to work, says pension minister

Icons, purpose and gastronomy: How brands can win at the 2026 World Cup

Always Remember: The Boy, The Mole and the Millennial Losers buying this drivel

By: William Turvill

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