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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Federal Reserve holds rates ahead of US presidential election

November 2, 2016

The US Federal Reserve’s rate-setting Federal Open Market Committee (FOMC) has voted to leave interest rates on hold. But the Fed set the stage for a hike in December amid signs of the economy picking up. The Fed said: The committee judges that the case for an increase in the federal funds rate has continued [...]
Asda vows to clean up its act after probe finds poor home delivery hygiene standards

November 2, 2016

Supermarket Asda has taken “immediate action” to improve the standards of its home delivery service after an investigation exposed unhygienic conditions. Six in 10 deliveries were found to be “dirty or worse” by an undercover BBC Watchdog team, which launched the probe after a whistleblower raised concerns. Read more: Take that, Aldi: Tesco just gained [...]
Shoppers still love the high street – but want more technology, like VR and smart fitting rooms

November 2, 2016

Shoppers still love the British high street experience – but they are craving the introduction of more in-store technologies, like virtual reality (VR), according to a new report. Nearly two-thirds (63 per cent) of consumers prefer to physically see products before buying them and 57 per cent want more technology in-store, such as digital “smart [...]
Small businesses call for help on flood insurance ahead of winter

November 2, 2016

The Federation of Small Businesses (FSB) has backed MPs’ calls for more affordable flood insurance for its members. A new Environment, Food and Rural Affairs Committee report out today recommends the government develops a grant scheme by the end of next year to help small firms install flood resilience measures. The FSB said the committee [...]
“Deeply concerned” Sadiq Khan orders investigation into Olympic Stadium costs

November 1, 2016

London mayor Sadiq Khan has ordered an investigation into a £50m increase in the cost of converting the Olympic Stadium into the home of West Ham United. The London Stadium conversion was expected to cost £272m, but the figure has now risen to £323m. Read more: This is West Ham's "five point plan" to tackle [...]
Philip Hammond warns cyber attacks risk plunging UK into darkness as he sets out defence strategy

November 1, 2016

Philip Hammond warned cyber attacks could plunge the UK into “darkness” and ground aeroplanes as he set out a new defence strategy today. The chancellor, speaking amid warnings about Russian-backed hacking, also told enemies that Britain would “retaliate in kind” to attacks, describing this as “the best deterrent”. Read more: Hammond to reveal Britain's new [...]
London Stock Exchange boss warns moving euro clearing away from UK could cost banks $77bn

November 1, 2016

The chief executive of the London Stock Exchange Group has warned that moving euro-denominated clearing away from the UK could cost banks $77bn (£63bn) in additional collateral. Xavier Rolet said that moving clearing from London to other financial centres would impose a “prohibitive cost on European banks”. Read more: Warning over moving euro clearing from London [...]
Investors pull more money from UK equities in September

November 1, 2016

Investors continued to draw money out of the UK in September, new figures out today show. Net retail fund sales tracked by the Investment Association during the month totalled £664m overall, down from £1.7bn in August, with total funds under management coming in at £1 trillion. Investors continued to pull money from UK equities, with [...]
Odds on Donald Trump winning US presidential election slashed

November 1, 2016

Donald Trump’s odds of winning the US presidential election have been slashed amid an FBI investigation into Hillary Clinton’s emails. Trump’s odds with Betway are now 2/1 – his shortest for a month – behind Clinton on 4/11. Read more: John Kasich has voted for John McCain rather than Donald Trump Alan Alger of Betway [...]
Met Police hands over keys of New Scotland Yard HQ to new owners after 49 years

November 1, 2016

The Metropolitan Police yesterday handed over the keys of its New Scotland Yard headquarters in one of the biggest property deals to complete since the UK’s Brexit vote. BL Development Limited, an investment vehicle controlled by UAE-based Abu Dhabi Financial Group, acquired the building for £370m in December 2014. Read more: New New Scotland Yard? [...]

Gucci sparks backlash with AI-generated ads ahead of fashion week

Manchester United: Ratcliffe’s cuts take club from red to black

London is the best food city in the world – here are 3 reasons why

By: William Turvill

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