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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How shareholders feel about Bayer’s “determined” pursuit of Monsanto

July 20, 2016

The share price of German drugs and chemical giant Bayer has been virtually untouched after Monsanto rejected its improved takeover offer. And shareholders appear to have mixed views on the company’s pursuit of the US seeds company. Last week, Bayer improved its offer for Monsanto from $122 (£93) per share to $125, equalling around $64bn. [...]
Low-cost airline Wizz Air takes its UK business elsewhere “as a direct result of Brexit”

July 20, 2016

Wizz Air has halved its plans for growth in the UK in the second half of the year after the Brexit vote. The low-cost airline operator said it would be redeploying this capacity for growth to non-UK routes. Its share price shot up four per cent on Wednesday morning as it announced the news and [...]
Pokemon No: Nintendo’s share price falls

July 20, 2016

What goes up must come down? Nintendo’s share price fell four per cent in the US on Tuesday – and fell even further in out-of-hours trading on Wednesday. It was also down even further in Japan on Wednesday. Shares in the US had rocketed by 12 per cent on Monday to $37.37, doubling since the [...]
Monsanto knocks back “financially inadequate” Bayer offer… again

July 19, 2016

Monsanto has knocked back Bayer’s improved takeover offer, describing it as “financially inadequate and insufficient”. But the US seeds company said that it “remains open to continued and constructive conversations with Bayer and other parties”. Read more: We can't Bayer it: Henderson attacks German's Monsanto takeover pursuit The German company improved its offer from $122 [...]
Closed-ended investment company assets reach record high despite “challenging” 2016

July 19, 2016

Total assets under management (AUM) in closed-end UK investment companies, including trusts, reached a record high of £141bn at the end of June, according to new figures. The Association of Investment Companies (AIC) today reported that nearly £5bn of assets were added to the total during June. As well as being up from £134bn in June 2015, the amount [...]
This is at least the second coolest UK deal agreed since the Brexit vote

July 19, 2016

Melrose’s $2.8bn deal for US air conditioning company Nortek is at risk of losing its status as the UK’s coolest post-Brexit vote deal. NFT Distribution, a UK chilled logistics business that delivers yoghurts and sandwiches to supermarkets, has announced the acquisition of another temperature-controlled logistics business, NR Evans. The deal values the business at more [...]
We can’t Bayer it: Henderson attacks German’s Monsanto takeover pursuit

July 19, 2016

London-based fund management group Henderson Global Investors has attacked Bayer’s proposed takeover of US seeds company Monsanto. Asim Rahman, Henderson’s European equities fund manager, also demanded there be a shareholder vote on the deal, although it does not technically require investor approval. Henderson is understood to have reduced its stake in Bayer since news of the [...]
These are the 10 areas of the UK where demand for homes is growing fastest

July 19, 2016

Demand for London homes dropped in the second quarter of this year. But, despite this, two of the capital's boroughs topped the charts in terms of growing interest. Appetite for houses in the capital shrunk by two per cent between the first and second quarter to 39 per cent, according to Emoov’s National Hotspots Index. Read more: [...]
Another boost for post-Brexit UK M&A as US broker agrees takeover deal

July 19, 2016

US interdealer broker BGC Partners today announced it has agreed to buy the UK’s Sunrise Brokers. Founded in 1991, the independent UK firm offers broking services across equity, credit, FX, hybrid and commodity derivative asset classes. Sunrise Brokers, which is being acquired for an undisclosed sum, has offices in London, New York and Hong Kong. Read [...]
Nintendo is catching all the investors – shares double since Pokemon Go launch

July 19, 2016

Nintendo's share price rocketed another 12 per cent in the US on Monday, and was performing even better in Tokyo on Tuesday. The tech giant's share price has now more than doubled since the launch of Pokemon Go earlier this month – bringing the group's market cap to around $42bn (£32bn). Read more: Pokemon Go is showing [...]

On this day in 1660: The birth of Sir Hans Sloane, father of the Sloane Ranger

England World Cup base to get extra security, say Kansas City officials

A-List Cotswolds takeover: Have Kim Kardashian and Ellen ruined the countryside?

By: William Turvill

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