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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Project Juno: Struggling national newspaper publishers put aside differences for united assault on advertising market

August 7, 2016

National newspapers including the Sun, Guardian, Daily Mail and Daily Express are putting aside their differences to investigate how they might be able to work together to take on declines in the advertising market. Project Juno, a “feasibility study”, is being chaired by Steve Booth, a former advertising chief executive. The publishers of the Guardian, Sun, [...]
Qatari bank reluctant to part with stake in Panmure Gordon

August 7, 2016

Panmure Gordon’s biggest shareholder is reluctant to part with its stake in the London-listed stockbroker, City A.M. understands. QInvest, a Qatari investment bank, owns a 43.4 per cent stake in Panmure and is understood to have rejected approaches for its shares from WMG, a fund controlled by Cardiff City Football Club chairman Mehmet Dalman. Read more: Panmure [...]
Why slashed interest rates could provide another M&A boost after Brexit

August 5, 2016

UK deal activity could be boosted by the Bank of England’s interest rates cut, mergers and acquisitions (M&A) experts have suggested. As well as cutting interest rates from 0.5 to 0.25 per cent on Thursday, the Bank’s monetary policy committee (MPC) also unleashed an extension of quantitative easing which could pump an extra £170bn of newly-printed [...]
More trouble for London Stock Exchange and Deutsche Boerse, as European investors group opposes merger to create “quasi-monopolistic” group

August 5, 2016

A European investors trade body has written to the European Commission to say it is “highly concerned” about the implications of the London Stock Exchange-Deutsche Boerse merger. "The merger swiftly creates a long lasting position of ‘super’ dominance for LSE/DB and therefore poses a direct threat to the freedom of choice for (future) listed companies [...]
End of an era for British journalism as “sanitised” Fleet Street loses its last newspaper journalists

August 5, 2016

Today marks the end of an era for British journalism, with the last two Fleet Street-based reporters working their last day in what was once the home of the industry. Gavin Sherriff and Darryl Smith are to leave Fleet Street today as the Dundee-based Sunday Post closes its London bureau. This is the building the [...]
This is how a country’s Olympic medal haul compares with… the average pay of IT staff

August 5, 2016

The Olympic Games will no doubt be watched closely by the world's IT staff. They may have a lot riding on it. At least according to one very original study, which claims to have found "strong correlations" between a nation's Olympics performance and how much their software developers are paid. Salary-benchmarking site Emolument.com's theory is that [...]
Shares plummet at newspaper publisher “triple-hit” by Brexit vote

August 4, 2016

Newspaper group Johnston Press’s share price plummeted 16 per cent today as the company reported falling revenues and profits. The publisher of the Scotsman, Yorkshire Post and, since earlier this year, the i newspaper has been “triple-hit” by the UK’s Brexit vote, according to its chief executive Ashley Highfield. Read more: Johnston Press shows signs of [...]
Hundreds of UK jobs at risk as AB InBev announces Belgium move for SABMiller HQ

August 4, 2016

Hundreds of UK jobs at SABMiller are thought to be at risk as part of the company's merger with Anheuser-Busch InBev. Budweiser maker AB InBev today confirmed the merged company's headquarters will be in Leuven, Belgium, with a functional office in New York. Read more: Megabrew: AB InBev and SABMiller expect to seal the deal in October [...]
Superstar investor Neil Woodford accepts trust results will “disappoint” investors

August 4, 2016

Neil Woodford has said he understands why some investors in Woodford Patient Capital Trust will be “disappointed” with its performance. The trust today reported that its net assets had fallen to £717.9m in the first half of 2016, down from £814.9m a year ago. Launched in April last year, Woodford raised a record £800m for [...]
Singapore Exchange agrees £77.6m deal for London’s Baltic Exchange

August 4, 2016

The Singapore Exchange has agreed a £77.6m takeover deal for the London-based Baltic Exchange. The £160.41 per share offer has been agreed after months of exclusive discussions between the companies. The Singapore Exchange said in a statement that, as part of the deal, Baltic shareholders will also receive at least £18.80 in cash as a final dividend. [...]

Franco Manca and Real Greek owner slumps to £14m loss as boss quits

Brentford in talks to host Shakhtar Donetsk Champions League fixtures

New City venue rethinks competitive socialising… again

By: William Turvill

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