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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Don’t stop the press: Pro-Remain national paper launched after Brexit vote lives on

July 27, 2016

A pro-Remain “pop-up” newspaper launched by a regional publisher is to continue printing beyond its original plan of four weeks. Archant launched the New European in the aftermath of the UK’s Brexit vote. It promoted itself as the “pop-up paper for the 48 per cent” who voted Remain in the referendum. The broadsheet newspaper has come [...]
Guardian newspaper losses accelerate amid industry’s advertising struggles

July 27, 2016

The publisher of the Guardian newspaper has reported accelerated losses amid advertising struggles. The figures Guardian Media Group’s revenue for its 2015/16 financial year totalled £209.5m, down £8m from the year before. Despite an online push, the Guardian’s digital revenues were down nearly £2m to £81.9m. Print advertising revenue, meanwhile, was down 15 per cent. [...]
Brexit, WiFi and selfies: The top 10 phrases Britons will need to learn on holiday this year

July 27, 2016

If you were hoping to escape conversations around the EU referendum on your summer holiday this year, tough luck. “What do you think about Brexit?” has been named by Gatwick Airport as one of the top 10 most important modern holiday phrases. And the airport is helping UK holidaymakers to ask the question in different languages. [...]
ITV targets £25m of savings after Brexit vote

July 27, 2016

ITV is targeting £25m of cost savings next year as part of a “robust plan to allow us to meet the opportunities and challenges” resulting from the Brexit vote. The broadcaster today reported total revenue in the first half of the year was up 11 per cent to £1.5bn. Net advertising revenue was flat on [...]
Deutsche Boerse wins shareholder approval for London Stock Exchange merger

July 26, 2016

Deutsche Boerse has won the necessary level of shareholder support for its merger with the London Stock Exchange. The approval rate has now exceeded the 60 per cent set by the German stock exchange. As of 5pm German time on Tuesday, 60.35 per cent of shares had been counted as tendered. Read more: London Stock Exchange [...]
Meet the companies that have ignored London’s EU referendum IPO freeze

July 26, 2016

Last month’s Brexit vote is thought to have led to several companies, including Hollywood Bowl and NewDay, putting their flotation plans on hold. But some, generally smaller, companies have taken the plunge and launched initial public offerings (IPOs), or announced their intentions to, in the weeks since the vote. They include an Italian PR outfit, [...]
Yah-ooh dear: Verizon reports five per cent revenue fall

July 26, 2016

Verizon Communications, the US company that yesterday announced a $4.83bn (£3.7bn) deal for the internet business of Yahoo, has reported a more than five per cent drop in revenue. The figures Total operating revenues for the second quarter of 2016 were $30.5bn, down 5.3 per cent on the same period in 2015. Analysts had expected the [...]
Investec’s wealth manager moves property funds to Thorpe Park and care homes

July 26, 2016

Investec Wealth and Investment has turned its attention away from conventional property investment and towards GP surgeries, theme parks, hospitals, care homes and student accommodation. The wealth management and investment services division of Investec said on Tuesday morning that it had redeployed around 20 per cent of its real estate exposure – equating to £200m – from [...]
Profits and shares fall at hedge fund that’s about to lose its Man

July 26, 2016

Hedge fund company Man Group today committed itself to the UK as it reported a large drop in profits for the first half of the year. The share price of Man, whose chief executive Manny Roman is leaving for Pimco later this year, dropped around three per cent to 119p on Tuesday morning after the interim results [...]
Digital boost helps magazine publisher overcome advertising Time Out

July 26, 2016

Newly listed magazine company Time Out expects to report revenue growth of 16 per cent for the first half of 2016 – a period in which many other publishers have experienced heavy declines. The publisher, which floated on the alternative investment market (Aim) in June, said digital turnover was up 33 per cent, while print revenue shrunk [...]

Reeves says diplomacy is ‘best economy policy’ as UK tax burden to mount

London Lions CEO: We’d love to be in NBA Europe but we have a reason to exist anyway

Celebrating Pan Am’s iconic legacy as airline plans return to the skies

By: William Turvill

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