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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Stock exchange makes commitment to London amid merger HQ doubts

August 4, 2016

The London Stock Exchange has insisted the City will remain the home of its joint headquarters with Deutsche Boerse under the terms of their £21bn deal. Any changes to the location of the merged entity’s holding company, the London location of which was thrown into doubt after the UK’s Brexit vote, could not be made before the [...]
ITV talked up as post-Brexit vote foreign takeover target

August 3, 2016

Downton Abbey broadcaster ITV is being talked up as a foreign takeover target in the aftermath of the UK’s Brexit vote. The company, which currently has a market capitalisation of £7.8bn, has been linked by analysts with moves from the US and Europe. Alex DeGroote, a media analyst at Peel Hunt, told City A.M.: “It certainly [...]
US rival pulled out of London Stock Exchange bid because it expected Brexit vote

August 3, 2016

The owner of the New York Stock Exchange pulled out of a bid for the London Stock Exchange because it was anticipating a Brexit vote, the company has revealed. The Intercontinental Exchange (ICE) announced it would not be making a bid for the LSE, which is currently in the process of merging with German exchange [...]
UK’s Brexit vote expected to have global impact with fall in M&A deals

August 3, 2016

The UK’s Brexit vote is expected to hit global mergers and acquisitions (M&A) activity, a new study has found. Seven in 10 global dealmakers believe that while it remains uncertain when and how the UK will leave the EU, the number of global transactions will fall overall. And 67 per cent believe that Britain leaving the [...]
The advertising industry isn’t feeling quite so gloomy about Brexit now

August 2, 2016

Sir Martin Sorrell’s reaction to the UK’s Brexit vote was: “This is not good news, to say the least.” But the latest forecasts from the advertising industry, including from GroupM, which is part of Sorrell’s WPP, appear more upbeat. In a worst-case scenario, GroupM’s worldwide media and market forecasts report predicts a 4.5 per cent [...]
Brexodus: Retail investors took £3.5bn out of funds in referendum month, “eclipsing” financial crisis outflows

August 2, 2016

Retail investors fled investment funds at a “quite extraordinary” rate in the EU referendum month, new figures show. The Investment Association’s figures for June, published today, show £3.5bn was taken out of funds, including £2.8bn from equity funds and £1.4bn from property funds. In the weeks after the referendum, trading on several property funds was suspended [...]
Brexit boost for UK-based interdealer broker Tullett Prebon

August 2, 2016

London-listed interdealer broker Tullett Prebon has reported a boost from the UK’s Brexit vote. The figures In the first half of the year, before exceptional items and acquisition-related items, Tullett reported revenue of £430.3m, a four per cent year-on-year increase. Pre-tax profit, meanwhile, was up from £52.9m to £60.3m, and operating profit was up 11 [...]
BBC not happy – MPs want to know which of its stars earn more than the Prime Minister

August 2, 2016

The BBC should have to disclose the salaries of all those it pays more than the Prime Minister, a group of influential MPs has ruled. But the corporation is not happy about the suggestion, claiming it would represent a “poacher’s charters” that would not be in the interest of licence fee payers. Currently, while the corporation [...]
Advertising spend is expected to keep growing after Brexit vote (in some sectors, at least)

August 2, 2016

Advertising expenditure in the UK is predicted to grow this year and next, despite uncertainty around the Brexit vote. But forecasts from the Advertising Association/ Warc Expenditure Report are down on previous estimates from before the EU referendum. Total UK adspend is expected to grow 4.2 per cent to £20.9bn this year, down from the [...]
How startups seeking funding suffered from investor referendum jitters

August 1, 2016

Startups and high-growth companies seeking investment suffered in the run-up to the EU referendum, a new study suggests. The Deal report from Beauhurst, which monitors equity fundraising secured by private companies in the UK, tracked 557 deals completed, and announced, in the first half of 2016 – down 22 per cent from the second half [...]

Meta trial lawyer to advise UK as scrutiny of social media design grow

New insurance products for female sports stars must cover fertility care

Why I love hotel restaurants – and two of my favourites

By: William Turvill

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