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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FCA emerges from dark pool dip with conflict of interest calls

July 21, 2016

Anonymous share trading platforms known as dark pools must improve their handling of conflicts of interest, the Financial Conduct Authority (FCA) has said. Dark pools are trading venues which have no pre-trade transparency, hiding and anonymising price and volume of orders. Read more: Barclays and Credit Suisse set to settle over dark pools Dark pools [...]
Ooh arr: Mr Kipling owner boosted by Ambrosia and Loyd Grossman

July 21, 2016

Mr Kipling and Ambrosia custard maker Premier Foods said it expects to avoid any trouble from Brexit as it reported sales growth. The figures Premier, which earlier this year resisted a takeover attempt by US firm McCormick, reported group sales growth of 1.9 per cent for the 13 weeks to 2 July. Bisto had “strong [...]
Daily Mail publisher reports signs of ad market recovery after Brexit vote

July 21, 2016

The publisher of the Daily Mail has acknowledged that the Brexit vote has “created some uncertainty” in the UK advertising market – but has reported a pick-up in revenue since the referendum result emerged. Daily Mail and General Trust (DMGT) has reported a one per cent growth in advertising revenues across DMG Media – the [...]
William Hill chief executive steps down after difficult start to 2016

July 21, 2016

William Hill chief executive James Henderson is stepping down, the bookmaker has announced. The company’s chief financial officer, Philip Bowock, will step up to replace him on an interim basis. Read more: Bookmakers reporting mixed results on referendum bets after Brexit vote Henderson has worked for William Hill over 30 years, covering the retail, online [...]
Asset manager ICG talks up prospects after Brexit vote

July 21, 2016

Alternative asset manager Intermediate Capital Group has told shareholders it is “well placed to deal with” Brexit uncertainty. Chief executive Christophe Evain, who recently said Brexit the vote was “terrible” for London in an interview with City A.M., acknowledged that reduced levels of M&A activity are expected after the referendum, “resulting in a slower investment pace in the [...]
Deutsche Boerse now “very confident” of winning shareholder approval for merger

July 21, 2016

Deutsche Boerse has taken another step towards winning shareholder approval for its merger with the London Stock Exchange. The German exchange yesterday reported it had won 55.5 per cent approval for the deal. Last week, the company lowered the acceptance threshold from 75 per cent to 60 per cent. Read more: Deutsche Boerse lowers shareholder [...]
SoftBank and ChemChina drive Asia Pacific region to record M&A levels

July 20, 2016

SoftBank’s £24.3bn offer for UK-based Arm has helped 2016 become a record year for outbound M&A activity from the Asia Pacific (APAC) region. Some $202.5bn worth of deals have been announced so far this year – already beating the whole figure for 2015, $187.1bn, which was a record year. Read more: Another boost for post-Brexit [...]
Manny leaves Man Group: Arsenal and Remain supporter heading for Pimco

July 20, 2016

On 30 April, as Arsenal faced Norwich at the Emirates Stadium, fans staged a protest with some targeting long-serving (and highly-paid) manager Arsene Wenger. Man Group chief executive Emmanuel (Manny) Roman – who, it was today announced, is leaving for Pimco –may well have felt some sympathy for his fellow Frenchman. The Gunners supporter was, after all, [...]
UK shares and property worst hit as investor confidence plummets after Brexit vote

July 20, 2016

Investor confidence has suffered a “substantial drop” since the EU referendum, a new report has found. Lloyds Bank said its investor sentiment index, launched in March 2013, has fallen to its lowest ever level, turning negative for the first time. It found investor confidence is increasingly negative in relation to asset classes exposed to the UK. Read more: [...]
Bank of England: “No clear evidence” of business slowdown since Brexit vote (yet)

July 20, 2016

The Bank of England has said there is "no clear evidence" yet of a slowdown in business activity since the Brexit vote. But it also noted that "business uncertainty had risen markedly" after the referendum. In its monthly agents' summary of business conditions, the Bank said: "As yet, there was no clear evidence of a [...]

UK launches £500m Sovereign AI fund as Kendall backs ‘British winners’

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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