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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Cocoa floats well: Hotel Chocolat reports rising revenue and profits after IPO

October 19, 2016

Hotel Chocolat has reported growing revenue and profits in its preliminary results after listing on the London Stock Exchange this year. The figures Revenue for the period to 26 June came in at £91.1m, up 12 per cent from £81.1m in 2015. Pre-tax profit, meanwhile, was up from £2.9m to £8.2m, and earnings before interest, [...]
China reports “better than expected” economic growth

October 19, 2016

China’s economy is showing signs of stability after the nation’s government reported growth at an annual rate of 6.7 per cent in the last quarter. The growth figure for the three months to September was in line with forecasts and at the same rate as the previous two quarters. Read more: Chinese trade tumbles amid [...]
P2P property investment lender boosted by banks scaling back

October 18, 2016

Peer-to-peer (P2P) platform Saving Stream has reached a new milestone of £200m in lending to property investors. The company, which was founded in 2012, said its performance has been boosted by banks reducing their lending, especially since the Brexit vote. Read more: Neil Woodford-backed P2P lender reports loss as it seeks sustainable future Saving Stream has [...]
Leeds wealth manager aims to take revenues north with London firm takeover

October 18, 2016

Leeds-based wealth management company the Private Office (TPO) has acquired a London financial planning firm. The cash and equity deal for PQR Financial Planning will strengthen TPO’s London presence and create a platform for further growth, the firm said. The combined business, which also includes TPO sister company SavingsChampion.co.uk, will have a turnover of £8.5m. [...]
Skyscanner believed to be considering sale or IPO

October 18, 2016

UK unicorn Skyscanner is believed to be exploring a sale or flotation. The travel search company was valued at £1bn in January when it raised $192m (£158m) from five investors in a financing round. Read more: Investment lets 'unicorn' Skyscanner accelerate its global expansion plans Founded in 2003, Skyscanner employs 770 staff, with offices in Edinburgh, Glasgow, [...]
Discretionary fund managers are expecting “choppy waters” after Brexit vote

October 18, 2016

Discretionary fund managers (DFM) are anticipating “choppy waters” after the Brexit vote, a new study has found. Seven in 10 believe the UK’s Leave vote poses a threat to investments, while 55 per cent cited weak global GDP growth and 52 per cent geopolitical uncertainty. The findings were based on a CoreData Research study conducted in [...]
Amaya tells Will Hill shareholder where to stick its Ebitda cash conversion

October 18, 2016

Canadian online gambling company has hit back at William Hill shareholder claims about its business after merger talks between the companies collapsed. Last week, after Will Hill confirmed talks between the companies, the UK company’s largest shareholder, Parvus Asset Management, said a deal would have “limited strategic logic and would destroy shareholder value”. Read more: [...]
Top Treasury wonk John Kingman makes move into private sector as L&G chairman

October 18, 2016

One of the Treasury’s most experienced officials, has been unveiled as the new group chairman of Legal & General. Sir John Kingman will take up the position next Monday, 24 October. Read more: L&G agrees £140m Cofunds sale L&G said interim chairman Rudy Markham will remain on the board as a non-executive director until the [...]
Asos reports soaring sales despite fashion industry woes

October 18, 2016

Online fashion giant Asos has reported soaring sales despite the widespread struggles of the fashion industry. The figures Retail sales came in at £1.4bn, up 26 per cent, in the year to 31 August, with £603.8m coming from the UK. Read more: Asos set to bag a Brexit win this week Pre-tax profit for the year [...]
Bets off: William Hill ends merger talks with Canadian online gambling group Amaya

October 18, 2016

William Hill’s £4.5bn merger talks with Canada’s Amaya have come to an end. The bookmaker said this morning that it had ended discussions after consulting shareholders. Read more: Ex-William Hill boss says bookie should abandon Amaya merger plans The FTSE 250 company said in a statement: After canvassing views from a number of William Hill's major [...]

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By: William Turvill

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