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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Pharmaceutical giant Pfizer agrees $14bn deal for Medivation

August 22, 2016

US pharmaceutical giant Pfizer has agreed a deal to acquire San Francisco-based Medivation for $14bn (£10.7bn). Pfizer has announced it will pay $81.50 per share in cash for the biopharamaceutical company, which focuses on developing and commercialising small molecules for oncology. Medivation's share price was up 20 per cent in pre-market trading to $67.16 at the time of writing. The [...]
Foreign investments help shareholders as UK dividend growth lags

August 22, 2016

The UK is lagging behind other developed markets in terms of dividends, a report out today has found. UK dividends fell 3.3 per cent on an underlying basis in the second quarter of 2016, according to the Henderson Global Dividend Index. In addition to the falling value of the pound, steep cuts from Standard Chartered, [...]
Digital disruption comes to TV production with new online “stock market”

August 21, 2016

Watch out, TV production industry: digital disruption is coming. At least it will be if David Frank, the founder of independent TV production company RDF Media and former chief executive of international company Zodiak Media, is successful in his new venture. Three years after stepping down from his position at Zodiak, Frank along with his brother, [...]
Misys moves closer to London’s biggest float of 2016 by appointing City advisers

August 21, 2016

Misys has appointed City advisers for what would be the biggest stock market float in London this year. The banking software developer, which is owned by US buyout firm Vista Equity Partners, is planning a £5.5bn initial public offering (IPO). Read more: Misys could return to the stock exchange City A.M. has confirmed a report that [...]
Martin Sorrell’s WPP – dubbed the bellwether of the global economy – set to report soaring sales and profits

August 21, 2016

Sir Martin Sorrell’s WPP, known as the bellwether of the global economy, is set to report soaring profits and sales in the first half of 2016 this week. City analysts expect the advertising giant to report headline profits before tax and interest of around £755m – up nearly 13 per cent on the first half [...]
ITV’s takeover offer for EOne not nearly pig enough for investors

August 21, 2016

ITV is likely to have to raise its bid for Entertainment One (EOne) by at least 20 per cent if it is to tempt the owner of Peppa Pig, reports suggest. The broadcaster had a 236p-per-share – equal to around £1bn – offer turned down by EOne, a Canadian company listed in London, earlier this month. It has [...]
Gawker website to close after company’s sale to Univision

August 18, 2016

US website Gawker.com is to close next week after Univision successfully bid for the company earlier this week. The closure, after nearly 14 years in operation, comes after the publication lost a court battle with wrestler Hulk Hogan. In May, Gawker Media was ordered to pay out $140m to Hogan. Read more: Gawker said to be [...]
David Frank interview

August 18, 2016

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ITV is switching off for the first time to encourage the UK to get sporty

August 18, 2016

ITV is switching off for the first time in more than 30 years to encourage Britons to get sporty. At 9.30am on 27 August ITV's seven channels will be off for one hour, as part of an I Am Team GB scheme with the National Lottery. Read more: There's only three days of Olympics left, so don't [...]
Intercontinental Exchange questions UK competition watchdog concerns over Trayport takeover

August 18, 2016

The owner of the New York Stock Exchange has questioned the justification of the British competition authority’s concerns over its Trayport takeover. The Competition and Markets Authority (CMA) said the Intercontinental Exchange (ICE) should consider reversing its $650m (£495m) deal for Trayport, a commodities trading software operation. Read more: US rival pulled London Stock Exchange [...]

London AI security startup raises $15m as threats rise

Abramovich to fight UK Government over funds from £2.5bn Chelsea sale

Aboard the Celebrity Cruises ship with Gwyneth Paltrow partnership

By: William Turvill

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