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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Telegraph publisher reports falling profits in “challenging” environment

September 3, 2016

The publisher of the Daily Telegraph has reported falling profits, in line with many other Fleet Street titles this year. The figures Telegraph Media Group (TMG) which is owned by Sir David and Frederick Barclay, has reported an operating profit of £51.7m in the 53 weeks to 3 January this year. The company’s operating profit in [...]
Could Labour learn from this? Green Party turns leadership into a job share

September 2, 2016

Bored of the Labour leadership battle, which seems to have been rumbling on for decades? Perhaps the party could learn a thing or two from the Greens, who have concluded their own leadership election without fuss this afternoon. In fact, the Green Party has named not just one leader, but two. Read more: Green Party [...]
“Shameful” Southern rail owner set for best one-day stock market performance since 2009

September 2, 2016

Southern Rail owner Go-Ahead Group is set for its best one-day performance on the stock market since 2009. Go-Ahead was slammed as "shameful" as it reported a 27 per cent growth in statutory pre-tax profits this morning. But investors are flocking to the company, with shares currently up more than nine per cent to 2,184p. If the nine [...]
Manny-less Man Group shakes up senior management team under new chief exec

September 2, 2016

Hedge fund Man Group has announced a management shake-up after chief executive Manny Roman was poached by Pimco. Roman has been replaced as chief executive by Luke Ellis, who was previously president of the firm and started in his new role yesterday. As part of the shake-up, Jonathan Sorrell’s role of president will be expanded – taking [...]
London housing crisis may be fuelled by long-term Airbnb letting, landlords body suggests

September 2, 2016

London's housing shortage is being fuelled by a rise in long-term letting via sites such as Airbnb, a new report has suggested. Airbnb has hit back at the research, describing it as "misleading". The Residential Landlords Association (RLA) research in June found that 61 per cent of entire homes and apartments listed on Airbnb are available [...]
Construction PMI: Industry decline slows in August – but fails to keep pace with upbeat manufacturing figures

September 2, 2016

The UK construction industry's decline continued in August – but the pace slowed significantly on July, figures out today showed. The construction purchasing managers’ index (PMI), which is closely watched by policymakers at the Bank of England, hit 49.2 in August. The seasonally-adjusted Markit/CIPS figure remained below the 50 threshold (any figure above which denotes growth) for [...]
Southern rail owner apologises to commuters as it reports 27 per cent profit growth

September 2, 2016

Southern Rail stakeholder Go-Ahead Group has apologised to customers for a disrupted service as it reported a 27 per cent growth in pre-tax profits. The results came at the end of a summer filled with disruptions for users of Southern rail. Go-Ahead shares rocketed more than seven per cent on Friday morning. The figures Go-Ahead has reported [...]
Oil prices rebound slightly – but still set for biggest weekly fall since January

September 2, 2016

Oil prices rebounded slightly this morning – but it wasn't enough to prevent them from heading for their biggest weekly drop since January. Brent crude futures ended yesterday’s session at $45.45 per barrel, but was up at $45.76 in early trading in London. However, this was down more than eight per cent since the beginning of this week, when [...]
Toscafund is determined to have the last word in spat with Speedy Hire

September 1, 2016

The carousel of increasingly aggressive shareholder circulars between activist investor Toscafund and the board of Speedy Hire is still spinning. The two parties are currently skirmishing ahead of an extraordinary general meeting set for next Friday (9 September) where Tosca intends to again call for changes among the top brass at the firm – something Speedy is dead set against. After Speedy [...]
Guardian publisher and private equity firm sell off £200m of shares in media company

September 1, 2016

The publisher of the Guardian and a private equity firm have cashed in £200m of shares in business media firm Ascential. The company, which publishes magazines and owns the Cannes Lions Festival, first floated on the London Stock Exchange earlier this year. Read more: Guardian newspaper losses accelerate amid industry's advertising struggles The loss-making Guardian [...]

Franco Manca and Real Greek owner slumps to £14m loss

Brentford in talks to host Shakhtar Donetsk Champions League fixtures

New City venue rethinks competitive socialising… again

By: William Turvill

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