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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Why we need more Alan Sugars: Government told to sweeten the deal to encourage businesses to take on apprentices

December 18, 2016

The government is being urged to do more to encourage businesses to take on apprentices. A poll for the London Chamber of Commerce and Industry (LCCI) found that 77 per cent of businesses do not currently employ an apprentice, never had and did not intend to in the future. Six per cent of the more [...]
Euro clearing battle heats up as report warns EU against “protectionist” policy to move business away from London

December 18, 2016

The battle over euro-denominated clearing is heating up amid apparent attempts to move the business away from London. An Intercontinental Exchange (ICE) report, circulated this month to EU member states, has warned that forcing the clearing of euro derivatives away from the UK could lead to a “significant increase” in costs for European banks. The [...]
British American Tobacco could puff up cash offer for Reynolds American

December 18, 2016

British American Tobacco (BAT) is preparing to puff up its takeover bid for US rival Reynolds, according to reports. The FTSE 100 cigarette company announced a $56.50-per-share bid for the 58 per cent of Reynolds American it does not already own in October. This bid valued Reynolds at around $47bn. Taking full control of Reynolds [...]
Another miss for London’s IPO market? Parkdean Resorts sold to Canadian private equity house

December 18, 2016

A Canadian private equity house this weekend announced the acquisition of a UK caravan holiday parks operator, in a deal that could be seen as another loss for London’s flotation market. Toronto-based Onex Corporation has agreed a £1.35bn deal for Parkdean Resorts, which is currently owned by Epiris, formerly known as Electra, and Alchemy. The [...]
UK private equity activity dropped to financial crisis levels this year

December 16, 2016

UK private equity activity fell to its lowest level since 2009 this year, a new study out today shows. Across Europe, deal activity is down 38 per cent from €89.7bn (£75bn) in 2015 to €55.7bn. Read more: Vroom vroom: Private equity house announces second acquisition in two days And the decline is even more extreme [...]
Entrepreneurs remain positive about UK as a home for startups

December 16, 2016

The majority of startups remain positive about the UK as a location to set up a business, new research shows. Some 85 per cent of nearly 200 entrepreneurs quizzed by the Institute of Directors (IoD) said they would still pick Britain over anywhere else in Europe as a startup location. A majority (57 per cent) [...]
Met Police closes investigation into Labour MP Keith Vaz

December 16, 2016

The Metropolitan Police has closed its investigation into Labour MP Keith Vaz. Scotland Yard launched the probe following revelations in the Sunday Mirror newspaper. The Met said in September it would “assess” whether any criminal offences were committed by Vaz following the allegations of drug use and hiring escorts. It then launched an investigation last [...]
Facebook has explained some of the ways it is trying to tackle fake news

December 16, 2016

Facebook has set out some of the ways it is trying to address fake news and hoax stories. Both Facebook and Google have faced strong criticism in recent weeks over a proliferation of false news stories during the US presidential race. The digital giants both promised to crack down on advertising against fake news last [...]
These are the average London banker bonuses in 2016 (they’re not happy)

December 16, 2016

The average London-based senior M&A banker landed a bonus of £80,000 this year, according to new research. But only 40 per cent were happy with their sweetener. And no wonder – the average was down 20 per cent from £100,000 in 2015. However, it was a different story for those working at the big banks. [...]
Daily Mirror publisher’s shares soar despite 17 per cent decline in print advertising revenue

December 16, 2016

Trinity Mirror, the publisher of the Mirror national newspapers and more than 150 regional titles, is expecting a 17 per cent drop in advertising revenue in the last quarter of this year. However, shares in the company jumped eight per cent on Friday morning after it reported a performance “marginally ahead of expectations”, with its [...]

Two top flight clubs in same league to be owned by same firm after major sport decision

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By: William Turvill

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