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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Top City grandees and politicians come out against London Stock Exchange merger

February 23, 2017

Forty top eurosceptics from the worlds of business and politics have come out against the London Stock Exchange's proposed £21bn mega-merger with Deutsche Boerse, calling for the deal to be blocked until after Brexit negotiations. They say the deal, which is currently being evaluated by the European Commission, is a risk the government should "not be [...]
Ministers set to face spending watchdog scrutiny over Green Investment Bank sale

February 23, 2017

Government ministers are in the glare of Whitehall spending watchdog the National Audit Office (NAO) as the Green Investment Bank privatisation drags on, City A.M. has learned. With Australian investment bank Macquarie hopeful of clinching a deal soon, the government sale has come under intense scrutiny from politicians in recent weeks. MPs, led by the Green Party’s [...]
Investors are preparing to inject more cash into the private equity industry this year

February 23, 2017

Investors are planning to increase investments into the private equity this year, meaning further growth in the industry, new research out today found. Some 44 per cent of limited partners (LPs) surveyed by Rede Partners said they intend to deploy more capital this year than in 2016, a record year for fundraising volumes, while 11 per [...]
FTSE 100-listed Farmers Weekly publisher Relx reports growing revenue

February 23, 2017

FTSE 100 information business Relx, formerly known as Reed Elsevier, reported revenue growth of four per cent in 2016 today. The figures Relx, which owns legal database LexisNexis and medical journal the Lancet, reported a 2016 turnover of £6.9bn. Underlying adjusted operating profit, meanwhile, was up six per cent to £2.1bn. The group increased its [...]
MP committee tells press industry: Toughen up regulator or face feared Section 40

February 23, 2017

A group of MPs has called on the press industry to toughen up its regulator or face the much-feared Section 40. Parliament's Culture, Media and Sport committee today published a report calling for the industry’s preferred regulator, the Independent Press Standards Organisation (Ipso), to make itself compliant with recommendations set out by Lord Justice Leveson after [...]
Amazon, Confused.com and Just Eat help TV advertising market grow

February 23, 2017

Online companies like Amazon, Just Eat and Moneysupermarket are spending more and more on TV advertising. In total, TV adspend crept up 0.2 per cent in 2016 to £5.3bn, the seventh successive year of growth. Read more: News Corp posts second loss in a row amid print advertising headwinds A Thinkbox analysis of Nielsen figures shows [...]
Clear off: City of London steps up fight to retain euro clearing after expert warnings against “currency nationalism”

February 22, 2017

High-profile regulators, politicians and financial experts have warned that any move by the European Union to force euro clearing out of London could have grave consequences for global economic stability. Sir Jon Cunliffe, the deputy governor of the Bank of England who supervises financial stability, hit out at “currency nationalism” on Wednesday, saying: “Such a policy if [...]
Theresa May criticised for “non-answer” to Green Investment Bank query at PMQs

February 22, 2017

Theresa May was criticised today for providing a “complete non-answer” to questioning about the Green Investment Bank sale. Michelle Thomson, an independent Scottish MP and member of the Business, Energy and Industrial Strategy (BEIS) committee, asked May whether she would reconsider the sale at Prime Minister’s Questions (PMQs). The PM said she would provide a [...]
Bayer confident of finalising Monsanto deal this year after winning Trump backing

February 22, 2017

German chemicals firm Bayer is confident of completing its takeover of US seeds company Monsanto this year after apparently winning blessing from US President Donald Trump. Reporting the company’s 2016 results today, Bayer chief executive Werner Baumann said the company was making “good progress” with the deal. Read more: You're the Bayer for us: Monsanto [...]
BBC to launch new TV channel for Scotland with £30m budget

February 22, 2017

The BBC has announced plans to launch a new TV channel for Scotland, with a budget equivalent to that of BBC4. Director general Tony Hall said today that the channel would launch in the autumn of 2018. Read more: Fake news and echo chambers help BBC Radio 4's Today hit audience record It will have [...]

Reform UK’s rise: Will City law firms shift their support?

PM Starmer asked to back £500m Alexandra Palace darts injection

Four funky and flavoursome Jamaican Rums

By: William Turvill

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