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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Challenging times for challenger banks as shares plunge after Brexit

June 27, 2016

Challenger banks are finding Brexit life challenging, their share prices suggest. While the likes of Barclays and Royal Bank of Scotland (RBS) have experienced falls of more than 18 per cent on Monday, some challenger banks have fared even worse. [custom id="161"] Shortly after 3pm on Monday, Shawbrook Group's shares were down 26 per cent [...]
IP-no, not yet: Businesses may be putting flotation plans on hold after Brexit vote

June 27, 2016

Companies are expected to put flotation plans on hold after the UK voted for Brexit, according to a report out today. Accountancy firm EY expects activity on London’s initial public offerings (IPO) market to come to a near-standstill after the UK voted to leave the EU. Read more: What Brexit means for the UK's IPO [...]
Accounting watchdog set to announce verdict of probe into KPMG’s HBOS audit

June 26, 2016

The accounting watchdog is set to announce the verdict of its probe into KPMG’s audit of collapsed bank HBOS on Monday. The Financial Reporting Council (FRC) met last week to consider the outcome of preliminary enquiries. Read more: FCA confirms it will investigate former HBOS bosses The body said on Thursday that its conduct committee [...]
George Osborne to break Brexit silence and try to reassure UK on economy

June 26, 2016

George Osborne is to break his post-EU referendum silence on Monday morning. The chancellor will seek to provide reassurance about financial and economic stability following the UK’s vote for a Brexit. Read more: This is the end of Cameron and Osborne, says Danny Blanchflower Along with Prime Minister David Cameron, who announced his resignation on [...]
Labour leader Jeremy Corbyn says he is going nowhere after day of shadow cabinet resignations

June 26, 2016

Jeremy Corbyn has said he is going nowhere after a day of resignations. Some 11 of the Labour leader’s shadow cabinet resigned throughout the day on Sunday, while foreign secretary Hilary Benn was dismissed on Saturday night. Corbyn has indicated he will not be resigning and said he would stand as a candidate again in any future leadership [...]
The pound is falling further on the dollar after Friday’s historic drop

June 26, 2016

The pound dropped 1.9 per cent on Sunday evening UK time, extending a fall of more than eight per cent on Friday. Sterling racked up its worst daily fall on records dating back to 1971 at the end of last week after the UK voted for a Brexit. Read more: Sterling suffers historic crash as Brits back [...]
After Brexit all-nighter, City prepares for re-opening of Asian markets and FTSE

June 26, 2016

Traders are preparing for a busy start to the week after the results of the EU referendum and Brexit kept the City of London up all night on Thursday. All eyes will be on the Asian markets on Sunday night and Michael Hewson, chief market analyst at CMC Markets, told City A.M. he would not [...]
City of London rules will lose “British voice” after Brexit, says Lord Jonathan Hill

June 26, 2016

Rules governing the City of London will lose their “British voice” following Brexit, the UK’s outgoing EU commissioner has warned. Lord Jonathan Hill does not believe British banks and financial institutions will escape EU rules whatever the terms of Brexit and will have to fully adopt them if they want access to the single market. “Rulemaking [...]
Wealth management and investment bodies to fight for “continued success and stability” after Brexit

June 26, 2016

Wealth management bodies are setting out to ensure “continued success and stability” in the industry after last week’s vote for Brexit. The Wealth Management Association (WMA) believes the vote will now lead to a “prolonged period of uncertainty”. The organisation said in a statement: “It is important that there is a focus on long term [...]
Nigel Farage questions whether Mark Carney should remain in his job as governor of the Bank of England

June 26, 2016

Nigel Farage has questioned whether Mark Carney should be allowed to remain as governor of the Bank of England. The Ukip leader has accused Carney of not behaving in an "independent manner" during the run-up to the EU referendum. Read more: Farage calls for 23 June “independence day” bank holiday In the weeks leading up [...]

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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