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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Advertising spend forecast increased, showing companies have “held their nerve in the face of Brexit uncertainty”

October 12, 2016

A closely-watched report has forecast advertising spend in the UK will increase by 1.9 per cent in 2016, up from a previous estimate of a 0.2 per cent fall. The IPA’s Bellwether Report suggested that its forecast revision shows marketers “have held their nerve in the face of Brexit uncertainty”. Read more: TfL awards Outdoor Plus [...]
Interactive Investor announces takeover deal to create UK’s second largest online broker

October 12, 2016

Interactive Investor has agreed a takeover deal for TD Bank’s European direct investing business to form the UK’s second largest online broker. The transaction, which will create a firm with 300,000 customer relationships and assets under administration of £18bn, is being financed by JC Flowers & Co funds. Read more: Star manager Woodford invests £21m in brokers AJ Bell [...]
With consumers glued to their smartphones, mobile ad budgets are soaring

October 12, 2016

Reading this on your smartphone? Company advertising departments will be pleasantly unsurprised. Consumers’ obsession with their smartphones meant that firms increased their mobile advertising budgets by 56 per cent year-on-year to £1.7bn in the first half of 2016. This means that 36p in every £1 spent on internet advertising now goes on phones, up from 4p [...]
Private equity-backed accountancy firm challenger expands with new investment

October 12, 2016

A newly-formed private equity-backed accountancy group has announced a new investment. CogitalGroup, which was founded this summer by private equity firm HgCapital and former Deloitte UK chief executive John Connolly, this morning announced a deal with Baldwins. The accountancy firm has 27 offices across the UK, employing 650 people. Connolly will join the board of the company, [...]
US-run firm targets FX takeovers as it floats on London Stock Exchange

October 12, 2016

A US-run company targeting takeovers in the foreign exchange sector is to float on the London Stock Exchange (LSE) today. Boston International Holdings is to list all of its shares, valued at £1.4m, on the LSE’s main market for listed securities from 8am. The company will now be seeking to buy firms within the FX sector. [...]
M&A and private equity deal values dip despite Brexit bargain hunt

October 11, 2016

UK-targeted mergers and acquisitions (M&A) activity has been boosted by the falling value of sterling since the Brexit vote, a new report has found. But Mergermarket’s review of the third quarter of 2016 found domestic dealmaking remains weak. The report also focused on private equity activity, finding that projects targeting UK companies have been put on [...]
It’s a NewDay: Store card maker in private equity sale after dropping float plans

October 11, 2016

Private equity firms Cinven and CVC Capital Partners today announced a deal to acquire store card maker NewDay. The private equity houses have agreed a deal to buy NewDay from Varde Partners and although sales value is unknown, it is believed to ascribe an enterprise value of around £1bn to the company. Read more: Why would anyone choose a [...]
Biffa, GoCompare and others will not follow Pure Gym in binning IPO plans

October 11, 2016

A series of high-profile London stock market flotations are set to go ahead in the coming weeks, despite Pure Gym abandoning its plans for an initial public offering (IPO) this month. City A.M. understands waste disposal company Biffa remains confident of listing on the London Stock Exchange this month. Read more: Pure Gym avoids overstretch [...]
Hola: Business broadcaster CNBC launches in Latin America

October 11, 2016

Business news TV station CNBC is to launch in Latin America as part of a strategic partnership with Sky Mexico. The move is part of the US-headquartered company’s plans to expand into emerging markets. CNBC Indonesia is also set to go live this year. The launch will give the broadcaster a presence in countries such as [...]
Informa launches rights issue following US takeover deal approval

October 11, 2016

Informa’s share price was lowered by eight per cent this morning as part of a rights issue. Informa’s issuance comes shortly after the company received shareholder approval for the acquisition of US business Penton Information Services for £1.2bn. [stockChart code="INF" date="2016-10-11 09:28"] Read more: British information business Informa announces £1.2bn takeover of US rival After [...]

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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