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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Global investors back London to retain financial centre crown after Brexit

June 30, 2016

London will retain its position as a world-leading financial centre despite last week’s Brexit vote, according to a poll of global institutional investors seen by City A.M. Two-thirds of those surveyed by FTI Consulting said the capital is unlikely to lose this coveted status. The results of the survey emerge as the FTSE 100 staged [...]
Turkey producer on the hunt for bootiful new owner

June 29, 2016

Turkey producer Bernard Matthews has reportedly begun searching for a new owner. The company, best known for its ‘bootiful’ catchphrase in adverts, is currently owned by Rutland Partners. Read more: Rutland gobbles up a stake in turkey firm Bernard Matthews Sky News first reported that Rutland has appointed advisers at PricewaterhouseCoopers (PwC) to find potential [...]
New chair of UK pensions lifeboat set to be named amid BHS and Tata crises

June 29, 2016

A new chairman is set to be named for the UK’s Pension Protection Fund (PPF) on Thursday. The Department for Work and Pensions is believed to have picked one of its existing board members to replace Lady Judge, who is stepping down after six years. Read more: Now the PPF warns possible amends to steel pensions could [...]
Giant 1,109-carat diamond fails to sell at Sotheby’s auction

June 29, 2016

The biggest uncut diamond to be discovered in more than a century has failed to sell at auction. Lucara Diamond Corp has announced that its giant Lesedi la Rona gem will be retained by the company after bidding at a Sotheby’s auction in London did not meet the reserve price. Read more: Petra Diamonds unearths [...]
Deutsche Boerse to “devote all efforts” to making London Stock Exchange merger work

June 29, 2016

Deutsche Boerse today said it will “devote all our efforts” to completing its planned merger with the London Stock Exchange. In a statement issued today, chairman Joachim Faber said that following last week’s Brexit vote “it is more important than ever to maintain a stable financial link” to the UK and said the merger can [...]
Politicians in US, Australia, New Zealand and South Korea push for new UK trade deals after Brexit

June 29, 2016

Politicians in the United States, Australia, New Zealand and South Korea are keen to secure new trade deals with the UK as it prepares to leave the European Union. In the US, speaker of the house Paul Ryan has said: “We need to emphasise that they are our indispensable ally, we have a special relationship, and [...]
Monsanto discussing “alternative strategic options” with Bayer after rejecting $62bn bid

June 29, 2016

US seed company Monsanto has said it is discussing “alternative strategic options” with Bayer after it rejected the German company’s $62bn (£46bn) takeover offer last month. Reporting its third-quarter results today, the US firm said it had “no formal update” on the Bayer offer. Read more: Analysts expect improved Monsanto offer. Bayer shareholders may be [...]
More bad news on Fleet Street as Mirror publisher plans job cuts

June 29, 2016

More job losses are coming to Fleet Street as the national newspaper industry struggles with advertising revenue falls. City A.M. understands up to 15 roles have been put at risk of redundancy across the Daily Mirror, Sunday Mirror and Sunday People. In an email to staff, seen by City A.M., editor-in-chief Lloyd Embley said: "Due to [...]
London HQ of merged stock exchange in doubt after Brexit

June 29, 2016

London's position as the world’s leading financial hub could be dealt a symbolic blow, with doubts being cast over the location of its stock exchange’s merged headquarters with Deutsche Boerse. The London Stock Exchange (LSE) is locked in merger talks with its German equivalent, and shareholders are set to vote on the deal next week. [...]
Moody’s slashes outlook for eight UK banks to negative after Brexit

June 28, 2016

Moody’s has dropped its outlook for eight UK banks and building societies after last week’s Brexit vote. The ratings agency has also changed its outlook for the UK banking system from stable to negative. Moody’s expects the result of the EU referendum to “reduce the profitability” of the banks. Read more: S&P and Fitch downgrade UK after [...]

BCC’s Haviland: Burnham must make growth his number one priority

Brentford in talks to host Shakhtar Donetsk Champions League fixtures

New City venue rethinks competitive socialising… again

By: William Turvill

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