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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RBS among worst performing European banks as stress test results are published

July 30, 2016

Royal Bank of Scotland was the stand-out British performer in the European Banking Authority’s (EBA) stress test results. But not in a good way. The assessment of how European banks might perform in adverse conditions found RBS’s capital levels down 7.5 per cent, making it the third biggest faller of 51 lenders tested. Under the [...]
After winning shareholder support, London Stock Exchange and Deutsche Boerse prepare for the real challenge

July 29, 2016

The London Stock Exchange and Deutsche Boerse are preparing for a regulatory battle to force through their £21bn merger after winning shareholder support. Analysts covering the deal remain doubtful that the tie-up will pass the necessary hurdles, with particular scrutiny expected from the European Commission and the State of Hesse, where Deutsche Boerse is based. [...]
Investors backing small businesses after Brexit vote

July 29, 2016

Investor confidence in small companies is apparently intact after last month’s Brexit vote. A survey of 1,000 UK investors has found 52 per cent would support small and medium-sized enterprises (SMEs) through private investment channels after the EU referendum. Read more: More than half of UK SMEs say banks are not "business friendly" The report, [...]
Brits on tour: It’s getting cheaper to fly to our favourite overseas destinations

July 29, 2016

With your pre-flight pint from Wetherspoon under threat, you might be of the view that it’s not worth going on holiday any more. But cheer up – flights to our favourite destinations are becoming cheaper. The average price of flights to Britons’ top 50 holiday destinations fell 22 per cent between 2015 and 2016, according to [...]
Pearson’s share price tumbles after former FT publisher reports 11 per cent revenue fall

July 29, 2016

The former publisher of the Financial Times and Economist, which has transformed itself into primarily an education business, today reported an 11 per cent fall in revenues for the first half of the year. Pearson’s share price fell around six per cent to 913.5p after it reported the results on Friday morning and at the time [...]
Rival exchange eyes “opportunities” from LSE merger as European opposition grows

July 28, 2016

The head of pan-European exchange group Euronext has told of the growing opposition to the tie-up between the London Stock Exchange and Deutsche Boerse. Speaking to City A.M. as Euronext reported its best quarterly profits since it went public in 2014, chief executive Stephane Boujnah also indicated that his company is monitoring the situation to see “whether [...]
Telefonica reports revenue falls in quarter of O2-Three merger collapse

July 28, 2016

Telefonica has reported a near-eight per cent fall in revenue in the quarter its O2 sale fell through. The figures Telefonica UK’s revenue for the quarter was €1.7bn (£1.4bn), down 12.3 per cent. The UK market was the second biggest faller in terms of revenue, behind Latin America, where it fell 14.6 per cent to [...]
How did Brits deal with referendum uncertainty? By drinking beer, it seems

July 28, 2016

Britain's beer drinkers were not put off their pints by the upcoming EU referendum. New figures show an extra 31 million pints were bought between April and June this year, compared with the same period in 2015. British beer sales were up 1.5 per cent in the second quarter of 2016, according to the British [...]
Cholesterol damage: AstraZeneca’s revenue hurt by new US market competition

July 28, 2016

Pharmaceutical giant AstraZeneca today reported a fall in revenue driven by increased competition in the US cholesterol-fighting market. But, despite the fall, which was in-line with expectations, its share price jumped seven per cent to 5,021p. The figures Total revenue in the three months to 30 June was $5.6bn (£4.2bn), down 11 per cent on the [...]
Private equity boss predicts autumn M&A activity boost for City of London

July 27, 2016

The chief executive of private equity firm 3i expects the City to experience a pick-up in mergers and acquisitions (M&A) activity after the summer. The company’s share price was up more than two per cent to 624p on Wednesday after it reported a “solid start” to the 2016/17 year in the three months to 30 [...]

Starmer not told Mandelson was denied security clearance

Trump-hating Fifa World Cup fans should have costs paid if denied visa

Avenue Q is wonderfully lawless chaos (with very rude puppets)

By: William Turvill

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