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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Monsanto turns attention to another German after “inadequate” Bayer offer

July 14, 2016

US genetically modified (GM) seeds company Monsanto is reported to be in talks with Germany’s BASF after rejecting a $62bn (£47bn) takeover offer from Bayer. And it appears to be good news all round for the three companies’ share prices. In the US, Monsanto’s shares are up nearly two per cent to $102.80 in out-of-hours trading; [...]
Investment banking revenues across Europe have hit a 14-year low in 2016

July 13, 2016

European investment banking (IB) revenues have plunged to a 14-year low, new figures show. In total, IB turnover has come to $8.2bn (£6.2bn) so far this year, to 12 July, according to Dealogic. This is down 22 per cent on the same period in 2015 and is at its lowest year-to-date level since 2002. The figures emerged [...]
Deutsche Boerse shareholder backing boost for London Stock Exchange deal

July 13, 2016

The London Stock Exchange’s proposed merger with Deutsche Boerse was given a boost today, with shareholder approval on the German side surpassing 50 per cent, meaning it is highly likely to receive the necessary level of acceptance. Earlier this week, Deutsche Boerse lowered the shareholder approval threshold from 75 per cent to 60 per cent and [...]
Sky News plans to ditch business bulletins, putting more jobs at risk

July 13, 2016

Sky News is planning to scrap business bulletins, with six jobs at risk. The proposal comes shortly after it emerged that around 50 studio roles across Sky News and Sky Sports News could also be made redundant in an automation move. The channel said the business cuts will not affect its flagship business programme, Ian [...]
Why 2016 could be a record year for UK startups embracing the “Brexit spirit”

July 13, 2016

More than 600 startups launched per day in London in the first six months of 2016, new figures show. And Startup Britain, which compiled the figures, believes the “Brexit spirit” will lead to this year being a record-breaker for new companies in the UK. Across the country as a whole, 342,927 companies were started between January [...]
More magic from Harry Potter? Bloomsbury reports nine per cent revenue growth

July 13, 2016

Bloomsbury Publishing’s shares leapt this morning as it reported a nine per cent jump in revenue. The publisher will today unveil a 2020 growth plan to investors and analysts, targeting “significant growth in digital revenues over the next five years”. The company also wants to take steps towards “being a non-consumer publisher in the B2B [...]
London-based broker strikes up US strategic alliance

July 13, 2016

UK-based broker N+1 Singer has today announced a new partnership with US wealth manager Janney Montgomery Scott. The agreement with Janney, which has more than $66bn (£51bn) of client assets, will enable N+1 to run US roadshows for corporate clients. Read more: Some of the UK's biggest brokers are straining under post-Brexit demand “Janney has a venerable [...]
BBC spends £26m on severance payments… reduces headcount by 54

July 12, 2016

The BBC spent £25.9m on severance payments in 2015/16, a 43.6 per cent year-on-year increase. The total was spread across 448 staff, with 75 of them receiving between £100,000 and £150,000. In 2014/15, 303 staff were paid £18m in severance payments. However, the BBC’s annual report showed the corporation’s average annual headcount in 2015/16 reduced by [...]
Bank of England was warned over property fund trading suspensions after Brexit

July 12, 2016

The Bank of England was warned that property funds could be suspended in the aftermath of a Brexit vote. The Financial Policy Committee (FPC), which is chaired by BoE governor Mark Carney, was briefed by the Financial Conduct Authority (FCA) that the “extent of outflows from these funds and on the possibility that funds could suspend [...]
Job cuts, celebrity pay and further savings: What we learned from the BBC annual report

July 12, 2016

The BBC today published its annual review for 2015/16. Here are some of the things we have learned from the report. Job cuts might not cut it During a year in which cost savings at the BBC came under close scrutiny, as the government prepared its white paper for its next royal charter period, the [...]

‘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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