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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Business chiefs feel their firms are being held back by a lack of talent

September 21, 2016

More than half of businesses believe they are lacking the talent needed to meet growth targets, new research has found. Some 55 per cent of 200 senior employees (vice president level and above) at UK and US firms with at least £750m of turnover said they felt their teams lacked the necessary skills. Read more: These [...]
Co-op Group set to announce 25 per cent hit on value of bank stake

September 21, 2016

The Co-operative Group has taken a 25 per cent hit to the value of its stake in Co-op Bank, the company is expected to announce this week. As part of its half-year results on Friday, the group is poised to put a £145m value on its 20 per cent stake in the lender, down from £185m. The [...]
Rival European exchange warns London Stock Exchange-Deutsche Boerse merger would create a “virtual monopoly”

September 21, 2016

The merger of the London Stock Exchange and Deutsche Boerse would create a “virtual monopoly”, the boss of a rival European exchange company has claimed. Euronext chief executive Stephane Boujnah said the fusion would create a company 10 times larger than his in second place. Read more: Rival exchange eyes from LSE merger "opportunities" as [...]
Schroders backs private equity firm’s management as it fends off hostile approach

September 20, 2016

Schroders has given its backing to private equity company SVG Capital’s management team as it attempts to fend off a £1bn-plus hostile takeover approach from the US firm HarbourVest. The fund manager last week reduced its shareholding in SVG to 11.35 per cent but said this was to meet cashflow obligations and confirmed its “ongoing support [...]
Theresa May tells UN summit: UK remains outward-facing after Brexit vote

September 20, 2016

Theresa May has talked up the UK as a “confident, strong and dependable partner” after the Brexit vote at a United Nations event. The Prime Minister said tonight that the UK “has always been an outward-facing, global partner at the heart of international efforts to secure peace and prosperity for all our people. And that [...]
“Chicken King” Ranjit Boparan gobbles up turkey business Bernard Matthews

September 20, 2016

Ranjit Boparan has this evening completed the takeover of turkey producer Bernard Matthews. Boparan, who has earned the name “Chicken King”, also confirmed in a statement that 2,000 jobs at Europe’s largest turkey company will be retained. It first emerged that Bernard Matthews’ private equity owner, Rutland Partners, was seeking to sell the company in [...]
UK economy will slow less than expected after Brexit vote, says Bank of England’s Michael Saunders

September 20, 2016

A member of the Bank of England’s Monetary Policy Committee (MPC) believes the UK economy is likely to slow less than most economists are expecting after June’s Brexit vote. Michael Saunders, a new external member of the MPC, said: “There’s plenty of evidence from groups like the Organisation for Economic Co-operation and Development (OECD) and the International [...]
Warning over risks of moving euro clearing from London to continent after Brexit

September 20, 2016

A senior derivatives industry official has warned over the risks of moving euro clearing from London to the continent after Brexit. The statement comes shortly after chancellor Philip Hammond hit back at the suggestion from French President Francois Hollande that euro clearing could move to continental financial centres if the UK leaves the Single Market. Read [...]
ITV and Sky buy stakes in 24-hour video gaming TV channel

September 20, 2016

ITV and Sky have bought stakes in the owner of a channel that screens video gaming 24 hours a day. The broadcasters have each invested £1.55m in Ginx TV for 16.5 per cent shareholdings. Both companies also have the option to increase their stakes. Read more: Sky invests $1m in air Drone Racing League in the [...]
Middle East investment vehicle buys 23 per cent stake in UK broker

September 20, 2016

A Middle Eastern investment vehicle today took a 23.1 per cent stake in broker WH Ireland. Kuwaiti European Holding Group (KEH), the vehicle of the Al-Humaidi family, this morning announced it had paid £8.45m for more than 6m shares at 140p, a 39 per cent premium on last week’s closing price. WH Ireland’s share price rocketed [...]

Kemi Badenoch pledges to wield the axe on post-financial crisis banking regulation

Exclusive: London in talks to host return of sumo at Royal Albert Hall

Bowls Club is the City’s most eccentric (and brilliant) pop-up

By: William Turvill

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