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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Lords back Channel 4 to withstand Brexit volatility and warn against privatisation

July 11, 2016

Channel 4 has been backed to withstand Brexit volatility by a group of peers calling on the government not to privatise the broadcaster. The House of Lords Communications Committee noted in a report, published today, that culture secretary John Whittingdale is concerned the future of the publicly owned, commercially funded channel is “very uncertain”. He is [...]
Brexit, Bond and Star Wars boost film studio and production group Pinewood

July 11, 2016

Film studio and production company Pinewood Group today reported an 11 per cent growth in revenue, boosted by Brexit, Star Wars and James Bond. The company’s share price was up by more than two per cent on Monday morning after it announced the results. Its shares are already up by around 25 per cent since [...]
Brexit “terrible” for London – but my asset management firm can only benefit

July 11, 2016

Christophe Evain, the French chief executive of FTSE 250 alternative asset manager Intermediate Capital Group (ICG), does not hold back when asked for his view on Brexit. “I think that the result is a terrible one,” he says, speaking to City A.M. from his firm’s offices in St Paul’s Churchyard. “I think the impact on [...]
Production company behind BBC’s “steamy” Versailles plans UK expansion

July 10, 2016

If you were you among those outraged by the BBC Two series Versailles – described by one Mail Online report as “the steamiest series on television” – you might want to stop reading. Newen, the French production company behind the series, is in talks with the BBC, ITV and Netflix over programming – and is [...]
UK vote fails to float Europe’s IPO boat

July 7, 2016

The EU referendum has been blamed for slowing flotation activity levels across Europe in a new report. Mergermarket tracked 77 initial public offerings (IPOs), with €11.6bn (£9.9bn) raised, across the continent during the first six months of the year. This was down from 115 floats, which raised €27.1bn, in the first half of 2015. Read [...]
Pfizer-Allergan collapse contributes to record period for cancelled M&A

July 7, 2016

The first half of 2016 was a record period for cancelled deals, new figures show. The most high-profile withdrawal during the period was the $160bn (£124bn) Pfizer-Allergan merger, which was scuppered by US inversion rule changes. Read more: The bitter pill of America's new tax law Dealogic figures for the six-month period show that the number [...]
Great Portland Estates chief exec in Brexit warning to London property market

July 7, 2016

The head of one of London’s biggest landlords, Great Portland Estates, has issued a warning about the effect Brexit uncertainty will have on the capital’s property market. GPE chief executive Toby Courtauld said he expects London’s commercial property markets to “weaken during this period of uncertainty”. Read more: Great Portland Estates boosted new lettings despite [...]
Three former ICAP brokers have US Libor charges dropped

July 7, 2016

The US Department of Justice has dropped charges against three former ICAP brokers charged with Libor manipulation offences after they were acquitted in the UK. Darrell Read, Daniel Wilkinson and Colin Goodman, who were acquitted in the UK in January, had their charges dropped in a filing in the Manhattan federal court made public on Wednesday. [...]
Hedge fund managers find positives in Brexit vote

July 6, 2016

Hedge fund managers are finding positives in last month's Brexit vote, a new survey has found. Some 31 per cent of 67 surveyed by Preqin expect a positive short-term impact from the vote to Leave the EU, and nine per cent predicted a longer-term boost. Just 13 per cent of those surveyed anticipated a negative [...]
George Osborne should turn attention from cutting corporation tax to helping smaller businesses

July 6, 2016

The Chancellor’s biggest ever policy U-turn appears to have snuck under the radar amid the political resignations, betrayals and leadership bids currently dominating the headlines. On Sunday, Mr Osborne announced that he plans to cut corporation tax to less than 15 per cent in an effort to attract companies deterred from doing business in a [...]

‘There’s a kind of romance to it’: Cubitts opens King’s Cross hub on site of Victorian stables

Brentford in talks to host Shakhtar Donetsk Champions League fixtures

New City venue rethinks competitive socialising… again

By: William Turvill

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