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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Bank of England considers easing challenger burdens

August 14, 2016

The Bank of England is considering easing regulatory burdens on challenger banks, amid increasing pressure from the small lenders. Challengers are concerned about capital requirements imposed on them, which they say disadvantage them to bigger players and stop them from being able to offer loans and credits to small business. There was anger among the [...]
City groups want “the right Brexit deal – not the quickest one”

August 14, 2016

City groups are unconcerned by the prospect of a delayed departure from the European Union, urging the government to get the terms of Brexit right for business. “Brexit is permanent, so what difference does a few months’ delay at the beginning of the process make?” an Institute of Directors spokesperson told City A.M. after it [...]
Speedy Hire set for another rottweiler attack from activist investor

August 14, 2016

Speedy Hire is preparing for another attack from its largest shareholder, activist investor Toscafund, on Monday morning. Toscafund is planning to publish a new letter accusing the firm’s chairman, Jan Astrand – who refused the fund's demands last week to stand down – of failing to address its concerns. Read more: Toscafund urges Speedy Hire chairman to [...]
Competition emerges for ITV in pursuit of Peppa Pig owner EOne

August 14, 2016

Private equity giant KKR is said to be considering a bid for Peppa Pig owner Entertainment One. News of the interest comes after ITV had a £1bn bid for EOne rejected last week. Read more: Peppa Pig maker turns down £1bn takeover offer KKR held talks with EOne’s main shareholder, Canadian pension fund CPPIB, before ITV’s [...]
FTSE 100 soars to 14-month high as pound falls further against the euro

August 11, 2016

The FTSE 100 soared to above 6,900 for the first time this year on Thursday. At 6,914.71, the bluechip index closed up 0.7 per cent, its highest level in more than 14 months. Read more: FTSE 100 charges towards 14-month high as miners gains The market had been lingering at less than 6,850 earlier in the [...]
Ready, Aim – float: IPO activity on London’s junior market is booming this year

August 11, 2016

Time Out, Joules, Hotel Chocolat and a northern discount loo roll business called Accrol are among the 27 companies to have floated on London’s junior market so far this year. While the London Stock Exchange’s main market, in common with other big exchanges, has experienced a slowdown in initial public offerings (IPOs) this year, the alternative [...]
Deliveroo defends new “flexible” pay conditions as protesters descend on HQ

August 11, 2016

Deliveroo has defended its new pay conditions, describing them as "flexible", amid protests at its London headquarters. The delivery service said the action is over new pay conditions set to be trialled next week. Read more: Deliveroo just raised $275m to fend off Uber Instead of being paid an hourly rate of £7, plus £1 per [...]
Cross-party group of 11 London councils calls on Theresa May to back Gatwick expansion

August 11, 2016

A cross-party group of 11 London councils is urging the Prime Minister to back Gatwick expansion over Heathrow. In a letter to Theresa May, the councils said there is a “broad and growing consensus behind Gatwick expansion” and pledged to work with ministers to support the “bold and ambitious project”. Their backing comes after mayor of [...]
Channel 4 and Sky invest in startup selling British TV content overseas

August 11, 2016

Channel 4 and Sky have made a joint investment in an online startup service aiming to boost British TV sales abroad. Dial Square 86, the holding company for the RightsXchange (TRX), today announced the pair had invested in the company’s latest financing round, which will raise up to £5.2m. Read more: Peppa Pig maker turns down [...]
Sales fall, but retailer’s shares up as back-to-school season approaches

August 11, 2016

Kohl’s share price leapt 15 per cent in the US on Thursday morning after the department store retailer beat analyst expectations in its second quarter. The figures Sales in the three months to 30 July fell two per cent year-on-year to $4.2bn (£3.2bn). Net income for the period, meanwhile, came in at $140m, up eight [...]

Mandelson wanted a near £550,000 payout – and got £75,000

2026 Fifa World Cup: Iran ‘welcome’ despite US military attacks, Trump

Mother’s Day 2026: 5 amazing ways to celebrate in London

By: William Turvill

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