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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The editor of the Daily Mail has resigned from a press committee in the most Daily Mail way possible

December 1, 2016

Paul Dacre, the editor of the Daily Mail, has announced he is stepping down from a committee that sets out regulatory rules for the press. And, being the editor of the Daily Mail, he has refused to go quietly – taking a swipe at a challenger press regulator, Max Mosley, the government and… the internet. Read [...]
Daily Mail publisher’s shares shoot up despite print advertising woes

December 1, 2016

Shares in the owner of the Daily Mail jumped five per cent this morning despite the company reporting falling profits amid print advertising troubles. The figures Daily Mail and General Trust (DMGT) reported adjusted revenue up four per cent to £1.9bn in preliminary results for the year to 30 September. But operating profit fell four per [...]
FTSE reshuffles confirmed: Convatec and Smurfit Kappa replace Travis Perkins and Polymetal International in blue-chip index

November 30, 2016

Medical products company Convatec has successfully made its way into the FTSE 100 after floating on the London Stock Exchange’s main market at the end of October. Convatec will be joined by Irish packaging firm Smurfit Kappa on the blue-chip index tomorrow morning. Making way are building materials company Travis Perkins, which was forced to [...]
City veteran Sir John Beckwith launches new asset management business

November 30, 2016

Sir John Beckwith’s Pacific Investments has announced the launch of a new asset management business. Pacific Asset Management (PAM) will initially have $250m (£201m) in assets under management (AUM). Pacific Investments has previously founded Liontrust Asset Management, River & Mercantile, Nevsky Capital, Thames River Capital and Europa Capital. These businesses currently manage more than $20bn [...]
Downloads are the new black: You can now Netflix and chill offline

November 30, 2016

Stranger Things have happened. But it’s still worth noting that Netflix has today announced a new download service. Subscribers can now download their favourite series and films at no extra cost and watch them offline. Read more: Netflix stellar earnings fuelled by success of Stranger Things “While many members enjoy watching Netflix at home, we’ve [...]
Healthcare trust to float on Friday despite falling short of £200m target

November 30, 2016

Bellevue Asset Management is set to float a new investment trust on the London Stock Exchange on Friday. BB Healthcare Trust missed its target of £200m, but will list on the main market this week after raising £150m. Paul Major, who will co-manage the fund with Dr Daniel Koller, played down the £200m target, saying the minimum [...]
Why Biffa’s chief executive refused to scrap IPO plans despite “fairly tortuous process”

November 30, 2016

The chief executive of Biffa has described taking the waste management company public this year as a “fairly tortuous process”. Biffa pushed ahead with its initial public offering (IPO) in October, but was forced to reduce its share price offer from 220p to 180p, meaning a total raise of £210m, down from £270m. Other companies, [...]
International consortium pipes up with offer for National Grid’s £11bn-valued gas network in time for final bids deadline

November 28, 2016

An international consortium today tabled an offer for a majority stake in the National Grid’s £11bn-plus-valued gas distribution network, with the final bidding round now closed. The Grid is aiming to agree a deal for the 51 per cent stake before Christmas and wants to complete the sale in the first quarter of next year. [...]
FTSE reshuffle: Three blue-chip relegations are on the cards this week

November 28, 2016

A Russian gold producer, a builders’ merchant and a shopping centre owner could face relegation from the FTSE 100 this week. Building materials company Travis Perkins, which issued a profits warning in October, Polymetal International, which has suffered due to a gold price drop since the US election, and shopping centre owner Intu, whose shares have [...]
Nooooo-el: Christmas pudding prices set to soar this year

November 28, 2016

Don’t expect too many coins in your Christmas pudding this year. The likelihood is your chef will be keeping their money to themselves after an increased outlay on the dessert. The price of Christmas puddings is likely to be ramped up as a result of rising raisin, sugar, butter and wheat prices. Overall, the costs of [...]

Debenhams clinches equity raise after share price spook

Chesterfield FC bids to be pilot for Independent Football Regulator

David Attenborough London documentary wanted to ‘rebrand’ rats

By: William Turvill

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