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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TalkTalk boss Dido Harding: Customers “trust us more” after handling of cyber attack

November 15, 2016

Dido Harding, the chief executive of TalkTalk, believes her company has improved as a result of last year’s cyber attack. More than one year on from the hack, which affected 157,000 customers, Harding told City A.M. she does not believe the recovery process will ever end. Speaking shortly after Tesco Bank was rocked by a [...]
“No plan” Brexit memo: Companies will “point a gun at the government’s head”

November 15, 2016

A leaked memo, claiming the government has no plan on Brexit, warned that companies can be expected to “point a gun at the government’s head”, with the actions of Nissan a “prime example”. The memo, prepared for the Cabinet Office, also noted that the business world has come to two “unpleasant realisations”: First, that the government’s [...]
Vodafone beats expectations as it continues to monitor Brexit implications

November 15, 2016

Vodafone beat expectations with a 4.3 per cent growth in earnings in the six months to September. The figures The telecoms giant reported group revenue of €27.1bn (£23.4bn), down 3.9 per cent on the same period of last year. But organic earnings before interest, taxation, depreciation and amortisation (Ebitda) came in at €7.9bn, beating an analyst [...]
TalkTalk profits soar as telecoms giant continues cyber attack recovery

November 15, 2016

TalkTalk’s earnings soared in the six months to September, despite total revenue falling 1.1 per cent. The figures Turnover for the half-year to 30 September came in at £902m, down from £912m in the same period last year. But earnings before interest, taxation, depreciation and amortisation (Ebitda) were up 44 per cent to £130m. Read more: [...]
Donald Trump and Vladimir Putin want to “normalise US-Russia ties”

November 15, 2016

The election of Donald Trump can help “normalise US-Russia ties”, the Kremlin has said. President-elect Trump and Russian President Vladimir Putin shared their first phone conversation on Monday night after last week’s election. Read more: Global leaders react to Trump victory: Putin offers his congratulations The Kremlin said the pair had agreed that the current [...]
US boutique banks Perella Weinberg and Tudor, Pickering, Holt and Co announce merger

November 14, 2016

Two high-profile US boutique investment banks, Perella Weinberg and Tudor, Pickering, Holt and Co (TPH), have agreed a merger. Perella, the lead adviser to Deutsche Boerse for its £21bn merger with the London Stock Exchange, said the deal is expected to close this year. Read more: LSE and Deutsche Boerse: Behind the deal The combined [...]
Advertising expenditure forecast up despite Brexit uncertainty

November 14, 2016

A WPP-owned group has upgraded its UK advertising growth forecasts for this year and next despite uncertainty around the UK’s Brexit vote. Expenditure is expected to grow 7.2 per cent in 2016, up from a previous estimate of 6.3 per cent. The same level of growth is forecast by GroupM for 2017, up from 5.8 per cent. [...]
Moving euro clearing away from UK could cost more than 200,000 jobs, says EY

November 14, 2016

Accountancy firm EY has estimated that 83,000 jobs could be lost if euro-denominated clearing is forced away from London into continental Europe. The report, which was commissioned by the London Stock Exchange (LSE) and has been circulated to politicians and the government, said the loss of clearing could also have a “significant domino effect”, hitting [...]
John Lewis resists “Stop Funding Hate” calls to pull newspaper advertising

November 14, 2016

John Lewis is resisting calls to pull advertising from newspapers over their editorial coverage. The retailer issued a statement as campaign group Stop Funding Hate steps up efforts to encourage companies not to advertise in the Daily Mail, Sun and Daily Express. Read more: Lego is "not planning any future promotional activity" in the Daily Mail [...]
Good morning at the races: William Hill shares and profit forecasts up

November 14, 2016

Bookmaker William Hill’s share price jumped two per cent this morning as it named three new non-executive directors and raised its profit forecast. The figures Full-year operating profit is now expected to come in at the top end of previous guidance of £260-280m. William Hill said its online business has returned to growth, with net [...]

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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