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 crowdfunding to IPO in 16 months: Edinburgh tech company claims UK first with Aim flotation

November 16, 2016

The London Stock Exchange’s junior market today welcomed its first company with roots in equity crowdfunding. Edinburgh-based tech company Freeagent Holdings began trading on the Alternative Investment Market (Aim) this morning, with the float raising £10.7m and valuing the company at £34.1m. Freeagent, a cloud-based software-as-a-service accounting software company, is believed to be the first [...]
These are the top 10 most transparent FTSE 100 firms – showing it pays (£24bn) to be open

November 16, 2016

Sometimes, reading through the London Stock Exchange’s RNS feed, it feels as though certain companies just don’t want to be understood. Others, clearly, do: a new study has named the top 10 FTSE 100 companies for transparency. Arm, the Cambridge-based chip designer that was acquired by Japan’s SoftBank for £24bn this summer, was named as [...]
BBC World Service launches 11 new language services with new government funding

November 16, 2016

The BBC World Service has announced plans to expand with 11 new language services next year. The growth is being funded by a government pledge, announced last year, to pump £85m a year into enhancing BBC services into areas such as Russia, North Korea, the Middle East and Africa. Read more: Government launches hunt for [...]
Speedy Hire shares soar as tool lender hammers expectations – “in spite” of Toscafund activism

November 16, 2016

Speedy Hire’s share price shot up 15 per cent this morning after the lender of tools and construction equipment reported increasing revenues and profits – an improvement the company said came “in spite” of a high-profile attack from an activist investor. Group revenue for the six months to 30 September was £187.1m, up 13 per cent [...]
Oversubscribed investment trust and Scottish tech firm announce flotations

November 16, 2016

A Scottish technology company floated on the London Stock Exchange this morning and is set to be joined by an oversubscribed new investment trust on Friday. City A.M. first reported that the investment trust, Civitas, which focuses on social housing, was planning to raise £250m through a float on 18 November. The IPO was oversubscribed [...]
Icap reports Trump trading boost as it prepares for the Nex step after its Tullett Prebon sale

November 16, 2016

Icap has reported growing revenues and profits as it prepares for life under a new name, Nex Group. The figures Group revenue from continuing operations for the six months to 30 September came in at £254m, up 11 per cent year-on-year from £229m. Pre-tax profit, meanwhile, was £66m, up from £37m last year. Trading pre-tax [...]
Snapchat IPO is go: Photo-messaging app said to have filed for flotation

November 16, 2016

Photo-messaging app Snapchat is reported to have filed for an initial public offering (IPO), which could value the company at up to $25bn (£20bn). The US flotation, which would be the biggest since Chinese e-commerce giant Alibaba went public in 2014 valued at $171bn, has been on the cards for some time. Read more: Snapchat [...]
London Stock Exchange seeks to wrap up French clearing house sale as EU regulatory battle looms for Deutsche Boerse merger

November 15, 2016

The London Stock Exchange Group is whittling down the list of candidates for the sale of its Paris-based clearing business and could be in a position to announce a deal before Christmas, City A.M. understands. The LCH SA deal is seen as crucial to the success of the London Stock Exchange’s £21bn merger with German [...]
FTSE 250 asset manager ICG’s shares jump seven per cent as profits grow

November 15, 2016

FTSE 250-listed Intermediate Capital Group’s (ICG) share price soared more than seven per cent this afternoon after the firm reported rising assets under management (AUM). Total AUM were up two per cent to €22bn (£19bn), with €1.4bn of new money raised, while pre-tax profit came in at £126.2m for the six months to 30 September [...]
Financial Conduct Authority approves Tullett Prebon takeover of Icap’s voice broking business

November 15, 2016

The Financial Conduct Authority (FCA) has given its nod of approval to Tullett Prebon’s acquisition of Icap’s voice broking and information business. The deal has already received backing from the Competition and Markets Authority (CMA) and Tullett expects to complete the transaction this year. Read more: Broker Icap makes new chief exec appointment after deal [...]

Leading German group backs bid for Telegraph Media Group

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

London Sports Festival Returns to the Capital

By: William Turvill

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