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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BBC exec: It’s not in licence fee payer interest to know how much stars are paid

August 24, 2016

A BBC executive has argued that it would not be in the interest of licence fee payers to know how much the corporation’s biggest stars are paid. Charlotte Moore, controller of BBC One, said this would inevitably drive fees up because all talent would want to be paid the top amount. Read more: BBC not happy [...]
Facebook, Twitter and others are set to snatch £450m from news industry revenue by 2026

August 24, 2016

Internet giants like Facebook and Twitter could cost the UK news industry around £450m in revenue by 2026, a new report has suggested. Online “disruption” has cost the industry 46 per cent of its turnover in the last decade, according to estimates from OC&C Strategy Consultants. And the traditional newspaper industry, covering both national and [...]
Shoreditch tech startup LoopUp to float on London Stock Exchange junior market today

August 24, 2016

Shoreditch conference call startup LoopUp floats on the London Stock Exchange’s junior market today. The initial public offering (IPO) values the company at £40.8m and has raised gross proceeds of £8.5m at a placing price of 100p. The startup makes software to streamline the process of conference calling for businesses, reducing muffled noises and allowing [...]
US seed firm’s shares shoot up after boosts for biggest deal of 2016

August 23, 2016

US seed company Monsanto’s share price shot up today as the chances of a takeover by German chemical giant Bayer appeared to improve. It was today reported that the chief executives of both firms have had a series of constructive meetings in recent weeks. And a top 20 Bayer shareholder told City A.M. they thought the [...]
Travel guide digital disrupter celebrates £1m in seed funding

August 23, 2016

A digital platform that allows experts to build and share personalised travel guides is celebrating reaching £1m in seed funding. Pearlshare now boasts the support of a number of angel investors, including early-stage backers of firms such as LinkedIn, LoveFilm and Wonga. Read more: Digital disruption comes to TV production with new online "stock market" [...]
Merger Monday: Big deal developments spark hopes of M&A pick-up this autumn

August 22, 2016

Global deals valued at nearly $65bn (£49.5bn) cleared a series of major hurdles yesterday, amid hopes of a renewed drive in worldwide mergers and acquisitions next month. US pharmaceutical company Pfizer agreed a $14bn deal for San Francisco-based Medivation, which specialises in cancer treatments. It came as a welcome boost to the pharma giant whose [...]
It pays to be active and focused as an asset manager, study finds

August 22, 2016

Active asset managers with a sector focus have been backed to outperform peers by a new report. Northill Capital found they have “significantly outperformed both generalist active asset managers and passive mandates across multiple asset classes over the past five years”. Read more: Lord Rothschild talks of "experiments" and "uncharted waters" Researchers compared the average five-year [...]
TalkSport owner reports falling profits ahead of takeover by Rupert Murdoch’s News Corp

August 22, 2016

Wireless Group, which has agreed a deal to be sold to Rupert Murdoch’s News Corporation, has reported falling profits in the first half of 2016. The figures The owner of TalkSport, which sold its TV business to ITV for £100m in February, reported group revenue from continuing operations of £38.2m in the six months to [...]
Baltic Exchange to keep London HQ as it agrees terms of Singapore takeover

August 22, 2016

The Singapore Exchange has agreed the terms of its takeover of the City of London-based Baltic Exchange. Under the terms of the deal, Singapore would pay £160.41 per share in cash and £19.30 per share as a special dividend. It gives the Baltic Exchange a total value of around £87m. The terms of the deal [...]
Emerging markets funds hot, China not, for investors this summer

August 22, 2016

Investors have turned away from China-only funds this summer, according to one online retail investment platform. But emerging markets funds have proved popular. Rplan.co.uk said that between 1 June and 15 August, it recorded a 75 per cent increase in flows to emerging markets funds compared with the same period last year. Meanwhile, China-only funds experienced [...]

‘Very concerned’: City watchdog scolds motor finance lenders over £9bn redress scheme

Dallas, Boston, New York New Jersey: Inside England’s Fifa World Cup stadiums

Glengarry Glen Ross at the Old Vic fails to close

By: William Turvill

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