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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Platform seeks to unlock secondary crowdfunding market

July 18, 2016

A crowdfunding platform has announced plans to pioneer a secondary market, with the aim of unlocking more liquidity for investors. Crowdcube made the announcement today as it seeks to raise £5m in its latest funding round, enabling the public to invest alongside venture capital backer Balderton Capital. Read more: Forget Brexit: Crowdcube is eyeing a [...]
Prime Minister and chancellor hail SoftBank’s Arm bid as a “vote of confidence in Britain”

July 18, 2016

The Prime Minister and chancellor have today spoken out in support of SoftBank’s takeover bid for UK tech firm Arm Holdings. Cambridge-based Arm revealed today it had received a £24.3bn offer from the Japanese company, sending its share price up by more than 40 per cent. Read more: Paying an Arm and a leg? Chipmaker [...]
London private equity firm buys out northern healthcare company

July 18, 2016

London-based private equity house Agilitas has announced the acquisition of Exemplar Healthcare, a company providing residential nursing care. The management buyout deal, understood to be worth around £150m, comes after Agilitas last week sold French company Ionisos to private equity giant Ardian. Read more: London-based private equity firm announces sale to Ardian Exemplar, based in [...]
London-based crowdfunding platform expands with new Amsterdam office

July 18, 2016

London-based crowdfunding company Seedrs has expanded its international presence with a new office in Amsterdam. The commercial team, which will target the Benelux – Belgium, the Netherlands and Luxembourg – is Seedrs’ first to be placed on the ground outside of the UK. The platform said it intends to open more offices in the “near future”. The [...]
Brexit bonus predicted for investors after sterling devaluation

July 18, 2016

Sterling’s devaluation after Brexit is set to boost UK dividends by £4.3bn in 2016, according to new research. Two-fifths of dividends paid by UK-listed companies are declared in dollars or euros and, because the pound has fallen after the EU referendum result, these payments will be converted at a weaker exchange rate. Capita Asset Services’ [...]
City is “still slightly stunned” by “really bad news” of Brexit, says chief exec

July 18, 2016

Brexit is “just really bad news”, the chief executive of Old Mutual Global Investors (OMGI) has said. Richard Buxton also denied there was any “doom-mongering” in the run-up to the vote – “because it is absolutely going to be horrible”. Read more: Old Mutual becomes the next company to wave away Brexit Defending Bank of [...]
Cheers: Big spending alcohol group Conviviality raises dividend by 14 per cent

July 18, 2016

Alcohol group Conviviality’s increased its dividend by 14 per cent after a spending spree boosted its revenue. Its share price leapt more than six per cent to 190p on Monday morning following the report. The figures Turnover at the company was £864.5m, up 137 per cent year-on-year, from £364.1m. Matthew Clark, acquired for £200m in March [...]
“Good result, job done”: Meet the Independent newspaper’s last chief executive

July 18, 2016

It’s been a tough year on Fleet Street. Hundreds of national newspaper jobs have been lost. Publishers have suffered double-digit advertising revenue declines. And, if you include Trinity Mirror’s failed New Day, three titles have been closed. Right at the centre of the decision to close the other two of those newspapers – the Independent and Independent [...]
Improved Bayer offer for Monsanto fails to kill seeds of doubt around deal

July 15, 2016

Analysts do not appear to believe US seeds company Monsanto will be interested in Bayer’s improved takeover offer. The German company upped its offer from $122 to $125 per share on Thursday. The Bayer statement came after it was reported that Monsanto was in talks with its German rival BASF, which itself came after describing the Bayer [...]
Blockchain startup claims funding “milestone” and big name board members

July 15, 2016

London-based blockchain startup Setl has named two new high-profile board members after closing its first private funding round. Rachel Lomax, the former deputy governor of the Bank of England, and Ed Richards, the former chief executive of broadcast regulator Ofcom, have joined ex-Barclays chairman Sir David Walker on the board. Setl also said it would be [...]

‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain

Manchester City: Sheikh Mansour faces calls for ban from English football over UAE links to genocide

The watch podcast disrupting the ‘pale, male and stale’ image

By: William Turvill

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