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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Hundreds of UK jobs at Visa could be moved after Brexit

June 28, 2016

Visa could be pushed into relocating hundreds of UK jobs to other European countries following last week’s Brexit vote. The move could be forced by an agreement in the recent £17.5bn takeover of Visa Europe by its sister company in the US. Read more: Britons started looking for jobs abroad as soon as the Brexit [...]
German pressure on stock exchange merger intensifies after Brexit vote

June 28, 2016

Opposition to the London Stock Exchange’s (LSE) merger with Deutsche Boerse is intensifying in Germany after last week’s Brexit vote. The head of the country’s financial market regulator Bafin said today that the merged company’s headquarters could not be based in London after the UK voted to leave the EU. “Without doubt… it is hard [...]
Investors pull out of property and UK equity funds after Brexit

June 28, 2016

Retail investors are pulling out of property and UK equity funds, according to an online investment platform. The number of trades on Rplan.co.uk was up 175 per cent over the weekend after the Brexit vote compared with the previous weekend. The company said 76 per cent of withdrawals were from property funds and 22 per [...]
City analysts say Brexit is good news for newspapers

June 28, 2016

Newspaper publishers have been among the worst hit by last week’s Brexit vote on the stock market. Johnston Press’s share price has fallen 30 per cent since Thursday; Daily Mail publisher DMGT’s is down nine per cent; and Trinity Mirror’s is down 19 per cent. But analysts at Liberum are looking on the bright side, [...]
HS2 completion timetable “unrealistic”, says National Audit Office

June 28, 2016

The Department for Transport set an “unrealistic timetable” for the completion of High Speed 2 (HS2), the National Audit Office (NAO) has said. A report out today says the 2026 target for the opening of phase one of HS2 is “at risk despite good progress with some major procurements”. Read more: Why peers must press [...]
Germany, France and Italy will not holds talks with UK on Brexit before Article 50 is triggered

June 27, 2016

Germany, France and Italy have said the EU will not hold talks with the UK on Brexit until Article 50 has been triggered. Speaking alongside French President Francois Hollande and Italian Prime Minister Matteo Renzi in Berlin, German Chancellor Angela Merkel described the UK’s vote for a Brexit as a "very painful and regrettable decision". [...]
Boutique investment bank shares suffer in US as Brexit dampens M&A prospects

June 27, 2016

Boutique investment bank share prices are tumbling in the US with the UK’s Brexit expected to slow mergers and acquisitions (M&A) activity. Evercore Partners’ share price fell 12 per cent on Friday after the EU referendum result emerged, and in the early afternoon on Monday it was down another 12 per cent at $41.30. [custom [...]
S&P and Fitch downgrade UK after “seminal” Brexit vote

June 27, 2016

Standard and Poor's and Fitch downgraded the UK's credit rating on Monday evening after last week's Brexit vote. S&P downgraded the UK's rating by two notches, from AAA to AA, with a negative outlook, describing the Brexit vote as "a seminal event". Fitch also downgraded the UK, from AA+ to AA with a negative outlook. "The UK vote to leave the [...]
Brexit is not proving an asset to these fund managers’ share prices

June 27, 2016

London-listed asset managers have been among the companies worst hit by Brexit on the stock market. Schroders’ share price was down by around nine per cent to 2,164p on Monday. This followed a 12 per cent fall from 2,711p on Friday after the results of the vote emerged. [custom id="161"] Elsewhere, Legal and General Group’s [...]
Independent newspapers made £7m loss in year before closure

June 27, 2016

The Independent newspapers lost £6.97m in their last full year, new accounts from the company show. The pre-tax loss, for the year to 27 September 2015, was an improvement on an £8.54m loss the year before. The Independent and Independent on Sunday were closed by owner Evgeny Lebedev in March, while cut-price sister title the i [...]

Starling names HSBC veteran as chair in boardroom shake-up on road to IPO

Sunderland AFC chiefs in Stadium of Light expansion talks

Procter & Gamble axes relationship with Kremlin propaganda channel

By: William Turvill

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