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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BBC set to highlight cuts, savings and the Night Manager in annual report

July 12, 2016

The BBC is set to highlight reductions and savings made in relation to senior managers and “talent” in its annual report today. Published at 11am today, the corporation will report that it has cut one in 10 senior manager roles in the last year, reducing the number from 401 to 356. The report will also [...]
Germany’s Siemens makes long-term commitment to UK after Brexit vote

July 12, 2016

German engineering and technology company Siemens has made a commitment to the UK after Brexit. The statement comes at a time when several UK-based companies – including easyJet and Vodafone – are understood to be considering moving operations to the rest of Europe. Read more: Siemens, Gamesa join forces to create world's biggest wind farm business But [...]
Hotel Chocolat shares up after reporting “better than socks” performance

July 12, 2016

Hotel Chocolat’s shares were up nearly three per cent on Tuesday morning after it reported a 12 per cent increase in revenue. Newly listed on the alternative investment market (Aim), the company’s turnover totalled £92.6m in the year to 26 June. Hotel Chocolat said its Father’s Day campaign, Better than Socks, “performed particularly well”. Read [...]
London-based private equity firm announces sale to Ardian

July 12, 2016

London-based private equity firm Agilitas is to announce the sale of a portfolio company today. It is due to report the acquisition of Ionisos by private equity giant Ardian, which is based in Paris. Agilitas invested in the company, alongside management, in 2014. Read more: UK private equity firm 3i brushes up €102m from cosmetic [...]
Exchange-traded funds (ETF) market set to grow to $7 trillion by 2021

July 11, 2016

Assets under management in exchange traded funds (ETFs) are expected to more than double in size over the next five years, according to a report by PwC. They will increase from around $3 trillion to $7 trillion by 2021, according to PwC. Over that time, the market will expand through entering new markets and developing further distribution channels and asset [...]
Asset management growth has “stalled” to 2008 levels, new report finds

July 11, 2016

The global growth of asset management "stalled" in 2015, marking its worst year since the 2008 financial crisis, a new report has found. Growth in assets under management (AUM) rose by one per cent globally to $71.4 trillion (£55 trillion), from $70.5 trillion. The figure grew by eight per cent in 2014 and averaged five per cent [...]
Investor confidence index drops to four-year low after Brexit vote

July 11, 2016

Investor confidence has hit a four-year low after the EU referendum result, according to one index. The Hargreaves Lansdown Investor Confidence Index experienced its sharpest monthly fall in five years at the end of June. The index fell from 92 points in May to 67 on 30 June, its lowest value since May 2012, a [...]
Deutsche Boerse lowers shareholder approval threshold for London Stock Exchange deal

July 11, 2016

Deutsche Boerse today lowered the shareholder approval threshold for its London Stock Exchange merger and extended the deadline for acceptance. The German stock exchange will now require 60 per cent backing from investors, rather than 75 per cent. The deadline for acceptance, meanwhile, has been extended by two weeks, from 12 July to 26 July. [...]
Referendum uncertainty “significantly weakened” UK’s European M&A market dominance

July 11, 2016

The UK’s Brexit vote has “destabilised its position as a leading European investment hub”, according to a new mergers and acquisitions (M&A) report. In the first six months of 2016, dealmakers were “spooked” by the looming EU referendum, with 647 deals worth £41.3bn announced – down from 702 worth £122.9bn in the same period of [...]
Thomson Reuters agrees $3.55bn deal to sell intellectual property and science business

July 11, 2016

Thomson Reuters has agreed a $3.55bn (£2.73bn) deal to sell its intellectual property and science business. Canadian buyout group Onex and Baring Private Equity Asia have agreed to acquire the units in cash. The share price of Thomson Reuters was up 1.3 per cent to $40.89 in out-of-hours trading at the time of writing. Read [...]

Sainsbury’s threatens to crack down on shoplifters caught swapping eggs

What next for LIV Golf and Newcastle United after Saudi PIF strategy shift?

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

By: William Turvill

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