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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From Manhattan hot dog cart to Leicester Square and UK expansion: The story behind upmarket burger restaurant Shake Shack

December 21, 2016

Upmarket US burger company Shake Shack started as a modest hot dog cart in Madison Square Park in Manhattan in 2001. This month, it opened a new flagship UK store in Leicester Square, its fourth this side of the pond, with two more – in Victoria and Canary Wharf – to follow early next year. [...]
Government set to wave through international takeover of National Grid gas network

December 20, 2016

The government is set to wave through the sale of the National Grid’s gas network to an international consortium, City A.M. has learned. CIC Capital, a subsidiary of China’s sovereign wealth fund, the Qatar Investment Authority (QIA) and Australian investment bank Macquarie were among the successful bidders for a 61 per cent stake in the [...]
Good chemistry: Germany’s Linde and US firm Praxair agree terms of $65bn merger

December 20, 2016

Two chemical giants are nearing a $65bn (£53bn) mega-merger. Germany’s Linde today said it had agreed a “non-binding term sheet” with US firm Praxair. Under the deal, a new holding company bearing Linde’s name would be created. But the firms said the deal would represent a “merger of equals”. It marks the second German-US mega-deal of [...]
London Stock Exchange enters into exclusive talks with Euronext over sale of French clearing business

December 20, 2016

The London Stock Exchange Group has entered into exclusive discussions with rival Euronext over the sale of its French clearing business. And the deal for LCH SA, which could be crucial to the success of the London Stock Exchange’s mega-merger with Deutsche Boerse, could still be agreed this side of Christmas, City A.M. understands. The London Stock [...]
Chief exec eyes Speedy recovery after “tumultuous” 2016 and high-profile activist investor attack

December 20, 2016

It has been a tumultuous year for Speedy Hire. And chief executive Russell Down would be one of the first people to say so. The tool and equipment rental business was on the end of arguably the most high-profile activist investor attack of 2016. Toscafund, whose chief executive Martin Hughes has earned the City nickname Rottweiler, issued [...]
Apple and Ireland challenge European Commission over €13bn tax ruling

December 19, 2016

The battle between the European Commission and Apple and Ireland reignited today. Apple and Ireland both filed appeals against a ruling by the EU regulator saying the tech firm should pay the country €13bn (£11bn) in back taxes. The iPhone maker, which has its European headquarters in Ireland, where the standard rate of corporation tax is [...]
Why you may be overcharged for underperforming actively managed funds

December 19, 2016

Asset managers could be overcharging investors by £6.7bn a year for actively managed funds which underperform benchmark indices, according to a new study. Some £924bn is invested in actively managed funds in the UK, and 74.7 per cent of them perform worse than their respective benchmark indices, financial adviser Salisbury House Wealth has estimated. According [...]
Rupert Murdoch pleads with newspaper to stop using “fake news” quote

December 19, 2016

Rupert Murdoch has written to the Guardian, asking the newspaper to stop attributing a "fake" quote to him. The executive chairman of 21st Century Fox, which last week agreed an £11.7bn deal to takeover Sky, has taken issue with the following quote: “When I go into Downing Street, they do what I say; when I [...]
Wealth manager bemoans “one of the toughest industry environments” since 2008, but is hopeful for 2017

December 19, 2016

Wealth management firm WH Ireland has described 2016 as “one of the toughest industry environments since the financial crisis of 2008”. But, in a trading update today, the company said it “remains cautiously optimistic” about its prospects in 2017. However, WH Ireland’s share price dipped by two per cent this afternoon to 119.5p after it [...]
After subdued 2016, contrained by Brexit and Trump, these bankers are predicting a 2017 bounceback for UK M&A

December 19, 2016

Despite mega-deals involving the London Stock Exchange, Arm Holdings, Sky and a big takeover approach from British American Tobacco (BAT), even the most optimistic M&A banker would concede it’s been a somewhat subdued year for UK deals. After a record 2015, a year in which Megabrew was finally agreed and Anglo-Dutch oil major Shell tied [...]

Musk’s X suffers third outage of the year as thousands report issues

William Hill Vegas Free Spins – 200 Free Spins for 2026

Harry Styles will curate Meltdown music festival in London this summer

By: William Turvill

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