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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Electra Private Equity shares up as it announces investment shake-up plans

October 14, 2016

Electra Private Equity's share price jumped two per cent this morning after it announced plans for a company shake-up. Under the scheme, the private equity firm will move from having a listed investment trust to a "corporate" structure from next year. It also plans to launch a £200m return of capital to investors in the fourth quarter [...]
The smartphone obsession is escalating: Britons are checking their phones 85 times a day – and nowhere is sacred anymore

October 14, 2016

Britons' obsession with smartphones is reaching new heights. Or, perhaps, plumbing new depths. The average UK adult checks their phone 85 times a day, according to new research. And no where appears to be out of bounds, either, the study of 2,000 commissioned by mobile game studio Project M found. Read more: With consumers glued to [...]
Netflix paid less than £400,000 in UK corporation tax last year on revenues of £37m

October 14, 2016

Netflix paid less than £400,000 in UK corporation tax last year, it has emerged. Companies House accounts show the US firm paid €441,775 (£398,610) in UK corporation tax in the year to 31 December. Netflix Services UK’s revenue for the year came in at €40.5m, while its profit before income tax was €1.99m. Read more: [...]
Stress in the City

October 13, 2016

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Float or sink? These eight companies show how London’s IPO market is giving off mixed signals

October 13, 2016

Is London’s flotation market faltering, or is there cause for optimism after an EU referendum hiatus on activity? There have been mixed signals coming from the City this week. Here are some of the big stories from the initial public offering (IPO) market currently: TI Fluid Systems: OFF The Bain Capital-owned auto supplier this morning confirmed it [...]
Brexit uncertainty and looming US election stifling cross-border M&A

October 13, 2016

Global cross-border mergers and acquisitions (M&A) activity continued to be stifled by uncertainty around events such as Brexit and the US presidential election in the last quarter, a new report has found. Law firm Baker & McKenzie tracked 1,275 cross-border deals worth $373bn (£305bn), down 22 per cent in volume of deals and five per cent [...]
Sky believes in better future after quarter in which rivals benefited from Euro 2016, Olympics and Paralympics

October 13, 2016

Sky has said it is “on track financially” despite the company suffering at the expense of rivals broadcasting Euro 2016, the Olympics and the Paralympics. The figures In the UK and Ireland, turnover was up five per cent to to £2.1bn in the quarter to 30 September, boosted by a June TV price rise. However, Sky [...]
Biffa determined not to bin London IPO plans despite City struggles

October 13, 2016

Biffa is determined to push forward with its flotation plans despite struggles pushing the deal over the line, according to a source close to the waste disposal company. Brexit uncertainty has been cited as a reason for the initial public offering (IPO) struggling to find enough City interest. And the company was in discussions last [...]
Fund managers join fight for more female FTSE 350 board members

October 12, 2016

Jupiter, Old Mutual and Legal & General are among the fund managers to have made commitments to vote against board appointments at companies which do not have enough female executives. And the 30% Club, which is campaigning for FTSE 350 boards to be 30 per cent made up of women by 2020, has called on more investment companies to follow suit. Read [...]
Investors more worried about lower for longer interest rates than Brexit vote

October 12, 2016

Rock bottom interest rates appear to have given people more headaches about where to stash their cash than the Brexit vote. Paul Abberley, chief executive at investment manager Charles Stanley, told City A.M. clients seemed generally more concerned about the "near zero interest rate" than they did about the Brexit vote, adding the lower for longer policy [...]

Burnham would ‘probably’ have won by-election, says Powell

UK Sport: We invest £32m in winter sports because Britain cares deeply

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

By: William Turvill

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