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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Four ways the City watchdog wants to make fund managers better for investors

November 18, 2016

The City watchdog has this morning put forward plans for a shake-up of the £7 trillion asset management industry to ensure investors get a better deal. The Financial Conduct Authority (FCA), publishing the interim findings of its market study, found weak price competition in some areas, a lack of transparency, potential conflicts of interest and sustained profitability [...]
Bupa snaps up dentistry group Oasis for £835m from private equity house Bridgepoint

November 18, 2016

Private healthcare group Bupa has announced an £835m takeover of dentistry chain Oasis from a private equity group. Bupa, advised by Barclays bankers, was said to be in competition with other private equity groups for the acquisition of Oasis, which was owned by Bridgepoint. The private equity house, advised on this deal by Moelis and [...]
Nationwide pulls out of commercial real estate lending as it reports falling profits

November 18, 2016

Nationwide announced plans to pull out of commercial property lending as it reported falling profits today. The figures Statutory profit for the six months to September came in at £696m, down from £802m. And underlying profit was reported at £615m, down from £801m. Nationwide said gross mortgage lending was up 17 per cent to £17.5bn [...]
Three Mobile has become the latest high-profile victim of a cyber attack

November 18, 2016

Mobile network Three has become the latest high-profile victim of a major cyber-security attack. The breach could put the private information of two-thirds of the company’s 9m customers at risk, the Daily Telegraph reported. Read more: TalkTalk boss Dido Harding: Customers "trust us more" after cyber attack Three men have reportedly been arrested in connection [...]
More scrutiny on Chinese M&A targeting US as congress advised to block state-owned takeovers

November 17, 2016

Chinese takeovers are coming under increasing scrutiny in the United States, with congress now advised to ban state-owned firms from acquiring American companies. China-to-US mergers and acquisitions (M&A) activity has smashed previous records so far this year, with Dealogic tracking 146 deals worth $60.7bn so far this year – up from 117 deals worth $12bn [...]
M&A bounces back in UK and Europe after “lacklustre” lead-up to Brexit vote

November 17, 2016

More deals are on their way to the UK and Europe, after a new study found a sharp rise in early-stage M&A discussions in the quarter after the EU referendum. Despite continued uncertainty around Brexit and when Article 50 might be triggered, early-stage activity across Europe, the Middle East and Africa (EMEA) was up 13 [...]
Junior market to get a makeover: London cosmetics firm plans Aim float

November 17, 2016

The London Stock Exchange’s junior market is set for a makeover this month. Warpaint London, a cosmetics business, has announced plans to float on the Alternative Investment Market (Aim). Founded in 1992, the company’s flagship brand is W7, which was launched in 2002 and named after its founding postcode in west London. Read more: From [...]
The Brexit bill? Chancellor Philip Hammond expected to announce £100bn black hole in Autumn Statement

November 17, 2016

Chancellor Philip Hammond is expected to reveal a £100bn black hole in government finances in next week’s Autumn Statement. The estimated figure, built up cumulatively over the next five years, has been linked to the UK’s Brexit vote, because of the deterioration in forecasts since March. Read more: Public borrowing could overrun by £100bn over [...]
Investec’s asset management division earns its stripes, but banking profits fall

November 17, 2016

Investec has reported a seven per cent fall in specialist banking profit, but improvements in asset management and wealth and investment divisions. The figures The Anglo-South African group reported a 0.2 per cent drop in ongoing operating profit to £314.5m, though this would have been 0.6 per cent growth on a currency neutral basis. The financial [...]
Hillary Clinton shares pain – “more than I can ever express” – of US presidential election loss

November 17, 2016

Hillary Clinton has spoken of her disappointment following Donald Trump’s victory in the US election, saying she wanted to “never leave the house again”. The Democrat won the popular vote against Trump, but was beaten in the US electoral college system. Speaking at a children’s charity event, Clinton said: “I will admit coming here tonight [...]

Diageo, Burberry rally after Trump tariff ruling

Hunslet RLFC’s lesson for rugby league profitability? Pay HMRC

London Sports Festival Returns to the Capital

By: William Turvill

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