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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New BBC cost-cutting plans restrict presenters’ foreign travel

October 15, 2016

Presenters on some of the BBC’s most popular programmes are to be prevented from going abroad as part of the corporation’s cost-cutting plans. They mean presenters from news programmes such as BBC Breakfast and Newsnight will not be permitted to travel abroad to cover breaking international news. Instead, reporters could stand in for presenters. Read [...]
London house prices fall in September, driven by value drops in most expensive boroughs

October 15, 2016

The average house price across England and Wales rose minimally last month, with a month-on-month fall recorded in London. The 0.6 per cent fall in the capital between August and September was prompted by large drops in value in the most expensive boroughs. While 11 of the 12 cheapest boroughs saw double-digit annual house price [...]
Nicola Sturgeon to declare Scotland “open for business” with Brexit trade hub plan

October 15, 2016

Nicola Sturgeon is to set out new post-Brexit trading structures and declare Scotland “open for business”. Concluding the Scottish National Party conference in Glasgow, Sturgeon will announce plans for a new trade hub in Berlin along with trade staff in order to boost European exports. The First Minister is also expected to attack the Conservative [...]
Private equity firms checking out Pure Gym after company proved not quite fit enough for IPO market

October 15, 2016

Private equity firms are believed to have expressed interest in Pure Gym after the company withdrew its flotation plans this week. And the company’s board and US private equity backer, CCMP Capital, are understood not to have dismissed the informal approaches. Read more: Pure Gym avoids overstretch as it pulls the plug on IPO plans [...]
Biffa set to float next week after cutting price to save IPO from scrapheap

October 15, 2016

Biffa is expected to float on the London Stock Exchange next Thursday after it cut the price of its initial public offering (IPO). The waste disposal company has managed to avoid pulling its IPO after drumming up enough City interest on Friday. City A.M. understands Biffa is set to announce the flotation is going ahead on Monday. Read [...]
May you leave us alone? Mark Carney says Bank of England won’t be instructed by politicians

October 15, 2016

Mark Carney has said the Bank of England will not be told what to do by politicians. Speaking shortly after Prime Minister Theresa May questioned the impact of quantitative easing policies, the Bank’s governor said on Friday that his job is sometimes made more difficult by comments from the political world. Read more: Theresa May [...]
“It wasn’t the right fit for us”: Salesforce shares jump as boss unfollows Twitter, ruling out takeover bid

October 15, 2016

Twitter’s share price dropped more than five per cent in the US on Friday after a takeover offer was ruled out by Salesforce – whose shares jumped five per cent on the news. The social media company’s shares were trading at close to $25 on 5 October after reports suggested a bidding process was about [...]
Private equity firms add Polish auction site to their basket for £2.7bn

October 14, 2016

A consortium of private equity companies has announced the acquisition of Polish auction website Allegro. Cinven, Permira and Mid Europa this afternoon unveiled a $3.25bn (£2.66bn) deal to buy the company from South Africa's Naspers Limited. Read more: Stock Spirits appoints new chief exec and refocuses business on Poland Allegro, described as Poland’s eBay, was founded in 1999 and [...]
Biffa cuts IPO pricing in bid to keep float away from the scrapheap

October 14, 2016

Waste disposal company Biffa has relaunched its initial public offering (IPO) at a cut price after failing to find sufficient investor interest. The company is now offering its shares at 180p, City A.M. understands – down from an original price range of 220p-270p. Read more: Float or sink? London's IPO market is giving off mixed [...]
JP Morgan Chase beats expectations as it begins Wall Street bank reporting session

October 14, 2016

JP Morgan Chase beat expectations in its third quarter results on Friday morning. The figures The bank reported revenue of $25.5bn (£20.8bn), ahead of analyst expectations of $24bn. The turnover figure was up 8.4 per cent. Earnings, meanwhile, came in at $1.58 per share. This was ahead of the $1.39 per share that analysts were [...]

US and Israel strike Iran as Trump calls for regime change

Automatic promotion and relegation from Prem Rugby scrapped

Ministry of Sound: ‘industry is on the up’ as it reveals brand new take on The Box

By: William Turvill

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