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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Free magazine Sport folds after 10 years following News Corp takeover

January 27, 2017

Free magazine Sport is folding after more than 10 years. Next week’s issue, number 484, will be its last, the title announced on its Twitter page this afternoon. The closure comes shortly after Rupert Murdoch’s News UK, which publishes the Sun and Times, bought Sport’s owner, Wireless Group. Read more: How revenue woes are driving [...]
Celebrities take aim at Sky in bid to keep Discovery channels

January 27, 2017

Celebrities including Ronnie O’Sullivan, Jimmy White, Katie Hopkins and Colin Murray have thrown their weight behind Discovery in its battle against Sky. It emerged earlier this week that Sky customers are set to lose 12 channels including Eurosport and Animal Planet after the Discovery Channel revealed details of a spat with the media giant. Read [...]
More jobs go in “extremely challenging and upsetting” cost-cutting at newspaper publisher Trinity Mirror

January 27, 2017

Newspaper industry cuts are showing little sign of abating this year, with Trinity Mirror announcing more cuts. Shortly after the publisher announced it was making dozens of redundancies across its regional newsrooms, it has emerged there will be more jobs lost at its national newspapers operation. Read more: Trinity Mirror's cutting dozens of jobs in a [...]
Some peace at last? Alliance Trust to buy back activist investor Elliott’s shares

January 27, 2017

Relief at last for Alliance Trust’s management team: the company announced this morning it has reached a deal to buy its shares back from activist shareholder Elliott. The US hedge fund became a shareholder in the investment trust in 2011, and has, to put it mildly, shaken things up a little. The drama peaked in [...]
Behind the deal: These are the bankers and advisers working on the £3.7bn Tesco-Booker tie-up

January 27, 2017

Tesco’s £3.7bn deal for wholesaler Booker is an early boost for the UK’s 2017 M&A market, following a rather subdued 2016. Below are details of the bankers and advisers behind the deal. Tesco advisers It’s increasingly difficult to find a big UK deal without a boutique investment bank at its centre. And this £3.7bn merger proved [...]
Profits down, but UBS beats expectations and is optimistic for 2017

January 27, 2017

UBS has beaten expectations with its fourth-quarter results and said improved investor confidence should benefit its wealth management business. The figures The Swiss bank this morning reported a 47 per cent fall in full-year net profits to 3.3bnSFr (£2.6bn), down from 6.2bnSFr in 2015. In its fourth quarter, net profit came in at 738mSFr, while diluted [...]
Cinema chain Vue plans £6.6m refurbishment of Leicester Square flagship

January 26, 2017

Cinema company Vue Entertainment is planning a £6.6m refurbishment of its Leicester Square flagship. The West End venue, which first opened in October 1938, is planning to upgrade its seating, sound systems and introduce new retail offerings. Read more: Cinema chain Odeon's owner AMC buys Nordic Cinemas Group Guests will have a choice of fully-reclining [...]
Saudi Aramco IPO: UK-based consultancy firm said to land role in mega-float

January 26, 2017

A UK-based consultancy firm was reportedly hired for work on what is expected to be the world’s largest-ever initial public offering (IPO). Gaffney, Cline & Associates (GCA), which is headquartered in Alton, Hampshire, was selected to assess Saudi Aramco’s crude oil reserves, the Wall Street Journal first reported. The audit is said to have now completed, [...]
Wealth manager St James’s Place reports strong end to 2016, despite political surprises

January 26, 2017

FTSE 100-listed wealth manager St James’s Place reported a net inflow of funds of £2.1bn in the last quarter, despite challenging market conditions. The figures In the three months to 31 December 2016, St James’s Place said its group funds under management total reached £75.3bn, up 28 per cent over the year. Read more: Wealth [...]
CMC’s shares fall further as spreadbetter awaits regulatory uncertainty

January 26, 2017

CMC Markets’ shares fell three per cent this morning after the company said it was difficult to anticipate how much of an impact regulatory changes will have on the business. The spreadbetting giant made clear last month that it will consider moving its headquarters out of London if the Financial Conduct Authority (FCA) pushes ahead [...]

Former Goldman Sachs and HSBC chief to run America’s Cup

Woods to McIlroy: How Tiger Slam at Masters reshaped economics of sport

Barbican Centre: the brutalist landmark weaving art into everyday London life.

By: William Turvill

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