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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Smallest businesses face £22m of fines over auto-enrolment pensions confusion

August 8, 2016

UK micro-businesses are collectively facing fines of up to £22m due to a lack of understanding around auto-enrolment pensions, a new report has warned. The Pensions Regulator estimates that around 262,000 micro-businesses, defined as firms employing between one and four people, are set to “stage” – or be required to set up a workplace pension [...]
Oca-done deal: Morrisons expected to unveil new home delivery tie-up this week

August 8, 2016

Supermarket chain Morrisons is expected to announce a refreshed tie-up with online grocer Ocado this week. The deal will enable Wm Morrison to compete more aggressively in the home delivery space by giving it nationwide coverage. Read more: Morrisons sales nudge up as Potts marks first year at helm The company is likely to announce the [...]
More M&A experts think Brexit vote could spark overseas interest in UK firms

August 8, 2016

Nearly a quarter of mergers and acquisitions (M&A) partners and dealmakers at Deloitte believe the Brexit vote could boost UK inbound activity. When Japan’s SoftBank announced a £24.3bn deal for UK chip maker Arm, some M&A experts suggested that British companies could become attractive takeover targets post-Brexit vote, with the pound’s value falling against the dollar. [...]
UK private equity buyout activity comes through Brexit vote unscathed in July

August 8, 2016

UK private equity buyout activity has been unharmed by the Brexit vote, new research suggests. Over the course of July, 16 such deals were recorded by Unquote researchers – ahead of 15 tracked in the same month last year. July was also the second most active month for private equity-backed buyouts this year, behind 19 [...]
London-listed publisher Quarto books takeover deal for US company

August 8, 2016

London-listed book publisher Quarto Group has announced the acquisition a US company. Quarto said its subsidiary, Quarto Publishing Group USA, has agreed a takeover deal for Becker&Mayer from McEvoy Group, an independent trade publishing firm. Quarto said the deal is worth at least $9.8m (£7.5m), which will be combined with a working capital adjustment payment [...]
N-ice: Melrose shares jump a cool 13 per cent as it closes in on air conditioning deal

August 8, 2016

Shares in Melrose Industries shot up a cool 13 per cent today – as the London-listed turnaround group closed in on completing its takeover deal for a US air conditioning company. Melrose today announced that the “shop window period” on its deal for Nortek expired on 6 August without a superior offer being made. Read more: Cold [...]
London businesses hardest hit in latest PMI figures as employment falls

August 8, 2016

London businesses were harder hit after the EU referendum result than those in any other UK regions, a newly released index has revealed. The Lloyds Bank Regional Purchasing Managers’ Index (PMI) also found employment in the capital fell in July, ending a 38-month period of expansion. “The local economy felt a significant downturn following the EU [...]
Serious Fraud Office opens criminal investigation into Airbus

August 7, 2016

The Serious Fraud Office (SFO) has opened a criminal investigation into Airbus Group. The body said it was probing allegations of fraud, bribery and corruption at the company. Read more: Airbus likely to take hit to first quarter on A400M charge The SFO called for anyone with relevant information to come forward. A statement said: [...]
The solution for undercapitalised European banks? Stop paying dividends, say academics

August 7, 2016

Undercapitalised European banks have been condemned for paying out billions of pounds worth of dividends last year. New research has found 28 of the 34 publicly listed lenders that underwent European Banking Authority (EBA) stress tests, the results of which were published last month, paid out €40bn (£34bn) in 2015. The study – by Sascha [...]
Simples: Comparethemarket.com owner chooses banks to oversee stock meerkat float

August 7, 2016

The owner of Comparethemarket.com has appointed two Wall Street banks to oversee its £2bn-plus London flotation plans. BGL Group is aiming to launch an initial public offering (IPO) in the first quarter of 2017, with JP Morgan and Morgan Stanley now working on the float. Read more: Meet the companies that have ignored London's EU [...]

Labour workers rights reforms could backfire for young workers

Women’s Super League fans spend more on matchdays than Premier League counterparts

Spirit of Speyside Whisky Festival to drive millions into Scotch sector

By: William Turvill

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