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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Brexit negotiation “pettiness” would push UK and Europe into recession, says Mohamed El-Erian

August 30, 2016

The UK and Europe will fall into recession and become less significant globally if Brexit negotiations become the victim of "pettiness", according to Mohamed El-Erian, Allianz's chief economic adviser who chairs President Obama's Global Development Council. El-Erian said that in a "rational world, the UK would end up with a free trade arrangement with the [...]
This TV company doesn’t appear too concerned about Brexit: “We have very little to say”

August 25, 2016

STV’s shares rose three per cent on Thursday as the Scottish broadcaster reported no impact from Brexit. The company reported a five per cent increase in revenue to £56.2m, while earnings before interest, taxation, depreciation and amortisation were up 15 per cent in the first half of the year. STV also reported pre-tax profit of £10.2m, [...]
Why Nasdaq’s Nordic business believes it is bucking 2016’s IPO slowdown

August 25, 2016

This year has been slow for the flotation market. In the first half of the year, there were 39 initial public offerings (IPOs) on the London Stock Exchange, raising €3.5bn (£3bn) – down from 55 raising €9.3bn in the same period last year, according to figures compiled by PwC. It has been a similar story on [...]
Bell Pottinger announces resignation of chairman Lord Tim Bell

August 25, 2016

PR company Bell Pottinger has announced the resignation of its chairman and founder Lord Bell. Timothy Bell, who was Margaret Thatcher's PR guru, has decided to resign with effect from today, the company said. Bell, who was not quoted in the Bell Pottinger statement, is not retiring and is planning to set up a new strategic consultancy, Sans [...]
Fund Brexodus slows in July after “quite extraordinary” investor outflows in EU referendum month

August 25, 2016

Outflows from the UK fund industry continued in July, but slowed after a “quite extraordinary” investor exodus in June, the month of the EU referendum. Net outflows totalled £1bn in July – an improvement on £3.5bn in June – according to the Investment Association. The strongest outflows last month came from equity funds, £2.2bn, but [...]
London Stock Exchange and Deutsche Boerse battle to win EU Commission approval for merger commences

August 25, 2016

The London Stock Exchange and Deutsche Boerse have officially submitted their merger to European Union competition regulators. The exchanges hope to complete their merger in the first half of next year, and gaining approval from the EU Commission is seen as one of the major hurdles for the deal. The governments of France, Netherlands, Belgium [...]
Peppa Pig owner’s shares plummet as ITV withdraws takeover bid

August 25, 2016

ITV has withdrawn its proposal to acquire Peppa Pig owner Entertainment One (EOne). The broadcaster, which had a £1bn bid rejected earlier this month, said its valuation of the company appears "different to the level at which the board of EOne would currently engage in a more formal process". EOne's shares plummeted 13 per cent [...]
Vice founder predicts traditional media consolidation “bloodbath”

August 24, 2016

Traditional media companies beware. There is a “revolution going on”, according to Shane Smith, the chief executive of Vice. The founder of the youth media organisation has predicted a consolidation “bloodbath [in the sector]… and we will be sitting there laughing our heads off”. He also said older media organisations risk alienating youngsters who will soon themselves [...]
Big City bosses batten down the hatches for Brexit deal drag

August 24, 2016

A drawn-out Brexit process would have a dire impact on the UK's investment and growth according to some of the City’s top veterans as they brace themselves for a lengthy divorce from the EU. Sir Martin Sorrell, the chief executive of advertising giant WPP, BT chairman Sir Mike Rake, and private equity guru Jon Moulton [...]
WPP chief and Remain campaigner Martin Sorrell wants second EU vote

August 24, 2016

Sir Martin Sorrell, the founder and chief executive of advertising giant WPP, wants the British public to be offered a second vote on EU membership after Brexit terms have been negotiated. Sorrell, who campaigned for Remain in the run-up to the EU referendum, told City A.M.: “I still hold out the hope that sense will [...]

Premier League +: Football following the Disney playbook with streaming platform

If international rugby’s fatal flaw is not financial, what is it?

Ford Mustang Sutton CS800DH review: Taming a wild horse

By: William Turvill

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