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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Play time’s over: Private equity firm 3i sells Scandinavian toy and education company

January 3, 2017

FTSE 100 private equity firm 3i today announced it had agreed to sell a Scandinavian toy company. The group has signed a preliminary agreement to offload Lekolar to Swedish investment company Nalka Invest. Read more: 3i sells debt management business to InvestCorp The deal, which is subject to regulatory approvals, will see 3i generate proceeds [...]
Newspapers step up fight against “insane” new Section 40 law

January 3, 2017

The newspaper industry is stepping up efforts to avert a new law, which has been condemned as “insane” by the editor of the Sun. What is going on? Next week, a government consultation on whether to implement Section 40 of the Crime and Courts Act will end. If passed, the new rules would mean that [...]
Ready, Aim, acquire: Junior market takeovers boosted by fall of sterling in 2016

January 3, 2017

Takeovers of companies listed on London’s junior market jumped by a fifth in 2016, new analysis out today shows. Over the year, 34 companies on the Alternative Investment Market (Aim) were snapped up, an increase from 28 in 2015, according to accountancy group UHY Hacker Young. Aim companies proved particularly attractive in the last quarter [...]
Euronext has confirmed a €510m offer for LSEG’s French clearing house

January 3, 2017

The London Stock Exchange Group today took a significant step in its attempts to complete its mega-merger with Deutsche Boerse, agreeing the sale of its French clearing business. Euronext, the owner of four of Europe's largest stock exchanges, confirmed it has agreed a €510m (£434m) deal for LCH SA, which the LSEG put up for [...]
Vinyl comeback led by David Bowie helps UK music to vintage 2016

January 3, 2017

The vinyl comeback, David Bowie and streaming helped 2016 become a vintage year for UK music consumption. Industry body the BPI counted a total of 123m album equivalent sales (AES) last year, a 1.5 per cent increase on 2015’s figures. This corresponded to an estimated retail value of £1bn. There were 45bn audio streams served in 2016, [...]
UK economic data this week expected to show continued resilience towards end of 2016

January 2, 2017

New economic data out this week is expected to show the continued resilience of the UK at the end of 2016. Fourth-quarter purchasing managers’ index (PMI) figures for manufacturing are due to be released on Tuesday, followed by PMI data for construction on Wednesday and the service sector on Thursday. Read more: US services PMI [...]
Trinity Mirror defends buyback amid pension shortfall criticism

January 2, 2017

Newspaper publisher Trinity Mirror has defended a £10m share buyback amid criticism over its £426m pension shortfall. Frank Field, chair of the influential work and pensions select committee, has called on the Pensions Regulator to block the buyback, while the move has also been criticised by former Tory pensions minister Baroness Altmann. Read more: New [...]
Former Deutsche Bank co-chief exec takes president role at broker Cantor Fitzgerald

January 2, 2017

Former Deutsche Bank co-chief executive Anshu Jain has joined broker Cantor Fitzgerald as president. The job move was revealed today by Cantor’s chief executive and chairman, Howard Lutnick. Read more: Deutsche Bank's co-chiefs have resigned Jain and fellow co-chief executive Juergen Fitschen resigned from Deutsche Bank in June 2015 amid growing pressure from investors over [...]
Star Wars blasted way to top of UK box office in 2016

January 2, 2017

Walt Disney has described 2016 as a “phenomenal year” for its films in the UK and Ireland. The US media company said the new Star Wars spin-off, Rogue One, had taken over £50.7m, making it the biggest film of the year in the UK and Ireland. Read more: Star Wars spin-off feels the force after [...]
London Stock Exchange poised to announce crucial sale of French clearing arm

January 2, 2017

The London Stock Exchange Group is likely to announce the sale of its French clearing arm this week, City A.M. understands. The exchange entered exclusive talks with pan-European rival Euronext shortly before Christmas and the parties are understood to be nearing a deal worth around €500m (£425m). Read more: London Stock Exchange enters exclusive talks [...]

Rayner to back Burnham’s Westminster bid

Drinking in stands hailed as success as more clubs join WSL pilot scheme

This Soho pub is putting on a ‘problematic’ show about a drunkard

By: William Turvill

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