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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Essential item spending grows as consumers buy more food, drink and petrol

October 31, 2016

Essential item spending growth was up for the first time in nearly two years last month, new figures show. Lloyds’ essential spending measure leapt half a percentage point to 0.2 per cent last month. The figure, in today’s Lloyds Bank Spending Power Report, was boosted by continued growth in food and drink expenditure. Read more: Big [...]
Bank of England governor Mark Carney looks ready to remain in post beyond 2018

October 30, 2016

Mark Carney is expected to extend his term at the Bank of England beyond 2018 after a weekend of speculation over his future. The governor is said to be readying himself to make a statement on his future this week and put an end to the uncertainty. Read more: Mark Carney looks set to leave [...]
It ain’t IPO-ver till the fat man sings: Companies prepare to brave London’s stormy flotation market

October 30, 2016

A medical equipment maker, price comparison website and a kitchen products business are preparing to brave London’s flotation market this week amid stormy conditions. Despite numerous initial public offering (IPO) plans being pulled this month, Convatec is due to list on the London Stock Exchange (LSE) at 8am on Monday. It will mark the UK’s biggest float [...]
FTSE 100 mining giant Anglo American plots South Africa spin-off

October 30, 2016

Anglo American is plotting a multi-billion pound spin-off of its operations in South Africa. The FTSE 100 mining giant has come under pressure from its largest investor, South African pension fund Public Investment Corporation (PIC), to package and sell its assets in the country, including its platinum division. But the company is determined to keep [...]
KKR-backed oil and gas group targets UK fracking company’s assets

October 30, 2016

A private equity-backed oil and gas group is reportedly mounting an aggressive raid on the assets of a British fracking company. Trans European Oil & Gas (TEOG), which is backed by Wall Street’s Kohlberg Kravis Roberts (KKR), is pushing IGas Energy to sell its conventional resources arm. Read more: More than 64 per cent of [...]
Hermes joins China’s sovereign wealth fund in National Grid bid

October 27, 2016

Hermes Investment Management has joined a bid led by the Chinese government for a stake in the National Grid's gas pipe network. City A.M. understands that people working on the deal have become increasingly wary of government scrutiny. Theresa May's administration announced recently that it would be making reforms to its approach to "the ownership [...]
Fears for London IPO market as Misys and O2 pull 2016 float plans

October 27, 2016

London’s stuttering initial public offering (IPO) market suffered more blows today as Misys pulled plans for a float and Telefonica said late on Wednesday it would not be listing O2 this year. City sources fear that, with investors spooked by Brexit uncertainty, it appears likely that other large deals will be abandoned or pushed back. Tech [...]
Bellevue Asset Management plans £200m investment trust IPO on London Stock Exchange

October 27, 2016

Bellevue Asset Management has announced plans to launch a new investment trust through an initial public offering (IPO) aiming to raise £200m. The BB Healthcare Trust will be managed by Bellevue, which has around $4bn (£3.3bn) under management in the healthcare industry across numerous areas. The company is aiming to float the trust in early [...]
Accio investors: Bloomsbury shares up as Harry Potter enchantment continues

October 27, 2016

Harry Potter continues to be the boy who lives (up to expectations) for Bloomsbury Publishing. Nearly 20 years after the company first published JK Rowling’s Philosopher’s Stone, the series continues to do the business for Bloomsbury. Total revenues in the six months to 31 August were up 19 per cent year-on-year, from £52.7m to £62.7m. [...]
IPOh dear: Another blow for London’s flotation market as Misys pulls listing plans

October 27, 2016

Misys has become the latest company to abandon plans for an initial public offering (IPO), in another blow for London’s flotation market. The tech giant, which was expected to launch one of the biggest floats of the year in the coming weeks, said in a statement that it had received “encouraging institutional support”, but “decided [...]

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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