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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How small firms are increasingly turning away from traditional lenders for funding

August 11, 2016

Small businesses are increasingly being drawn to direct lending platforms, a new report has suggested. The Centre for Economics and Business Research (CEBR) report, commissioned by peer-to-peer (P2P) lender Funding Circle, found that direct lending to businesses at the beginning of 2016 was up 50 per cent year on year. Read more: Financing students: How [...]
Government urged to implement new tax credit scheme for UK exporters for economy boost after Brexit vote

August 10, 2016

The government is being urged to implement a tax credit scheme for UK exporters to boost British business and the economy after the Brexit vote. In an open letter, David Thomas, the executive chairman of the Council of British Chambers of Commerce in Europe (COBCOE), said: “This will cost the exchequer nothing on balance. “It can [...]
Hundreds of security passes suspended at Heathrow amid police fraud probe

August 10, 2016

Hundreds of airside security passes have been suspended at Heathrow. The employees who have had their passes suspended work for Sodexo, which supplies airline lounge services at the transport hub. A spokesperson for the company said: “We can confirm that, as a precautionary measure, the airside passes of approximately 300 employees were suspended but as this [...]
Woof: US pet food firm Blue Buffalo shares up on tasty results

August 10, 2016

Pet food company Blue Buffalo’s shares were up in after-hours trading after it reported a sales and earnings growth in the second quarter. Earnings before interest, taxation, depreciation and amortisation (Ebitda) came in at $68m, up 40.7 per cent. Read more: Pet insurance claims have gone barking mad Earnings per share (EPS), meanwhile, were up [...]
Fast food Shack’s growth can’t shake off investor concerns

August 10, 2016

Shake Shack’s shares plummeted in after-hours trading on Wednesday despite the fast food company reporting expectation-beating results. The US company’s share price fell to just over $37 on Wednesday evening – down from more than $70 a year ago amid investor concerns over growth and valuation. Read more: Flipping good: Shake Shack shares up after [...]
Hillary Clinton makes jobs pledge and attacks Trump “temperament”

August 10, 2016

Democrat Hillary Clinton today unveiled plans she said will help create an economy that works for everyone and not just those at the top, days after rival Donald Trump promised huge tax cuts. Speaking at a campaign rally in Des Moines, Iowa, Clinton said she would seek to pass the largest investment in job creation [...]
Fewer mall trips hit Michael Kors sales figures

August 10, 2016

Michael Kors shares dropped on Wednesday as sales figures were hit by fewer mall trips. The figures The handbags, clothing and jewellery company’s net sales came in at $957.3m (£735.9m) in the three months to 2 July, up from $947.3m. Wholesale net sales fell by seven per cent to $394.4m from $424m. Total revenue was reported to be $987.9m, [...]
Deutsche Boerse turns attention to regulation after cementing shareholder support for London Stock Exchange merger

August 10, 2016

Deutsche Boerse has announced a “major milestone” in its quest to complete a merger with the London Stock Exchange. The German exchange said more than 75 per cent of shares have now been tendered in support of the deal. The firm had already received the 60 per cent support necessary. Read more: More European opposition, this [...]
Ralph Lauren shares get trendy as fashion group sets out “Way Forward Plan”

August 10, 2016

Ralph Lauren’s share price shot up on Wednesday despite the luxury fashion group reporting falling turnover and profit. The firm’s performance was affected by restructuring costs associated with its “Way Forward Plan”. The figures The US company’s net revenue for the three months to 2 July came in at $1.55bn (£1.19bn), down from $1.62bn in [...]
Ministry of Sound investment: Sony Music acquires London Grammar label

August 10, 2016

Sony Music UK has announced the acquisition of label Ministry of Sound Recordings. Founded in 1993 as an extension to the South London nightclub Ministry of Sound, the label boasts a roster including London Grammar, DJ Fresh, Sigala, Jodie Abacus, Louis Berry, MIAMIGO and Moss Kena. Read more: Imogen Heap believes blockchain technology could save [...]

Emerging markets buck investor woes as equity funds shunned

LIV Golf secures funding and looks to Trump for help relaunching bankrupt competition

The Discount Suit Company is a cocktail bar like no other

By: William Turvill

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