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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Further growth forecast for hotel industries in London and other European cities after “bumper” 2015

March 7, 2016

Growth in the European hotel industry is set to continue this year but will not reach the levels of a "bumper" 2015, new research suggests. PwC's European hotels forecast suggests a robust outlook for European travel will continue to drive the industry this year and next. The report also noted that 2015 saw an almost 30 per [...]
UK household spending boosted by Valentine’s Day dinners and half-term holidays during February

March 7, 2016

Valentine's Day dinners and half-term holidays boosted UK spending last month, according to a new report out today. Visa's consumer spending index – which looks at total spending, not just payments via credit cards – showed a household spending lift of 2.2 per cent in February compared with the same month last year. Read more: [...]
Former first lady Nancy Reagan dies aged 94

March 6, 2016

Nancy Reagan, the former first lady of the United States, has died at the age of 94. She died of congestive heart failure at her home in California, the Reagan library said in a statement. She will be buried alongside her husband, former US president Ronald Reagan, at the Ronald Reagan Presidential Library. Born in New [...]
UK staff bonuses totalling £280m could cut Facebook’s British corporation tax bill

March 6, 2016

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Goldman Sachs set to cut up to 10 per cent of fixed income and currency trading staff

March 4, 2016

Goldman Sachs is set to cut between five and 10 per cent of staff in its fixed income and currency trading business. Reuters reports the cut is part of an annual process usually resulting in around five per cent of total staff leaving. Read more: Goldman Sachs profits plummet amid legal costs The bank employed 36,800 people at [...]
Bookseller Barnes & Noble announces closure of UK eBook operation Nook after sales drop

March 4, 2016

Bookseller Barnes & Noble is to close Nook, its UK eBook operation. The announcement comes after the company yesterday reported sales of Nook dropped by a third to $51.7m (£36.4m) in its third quarter, ending January 2016. Overall, Barnes & Noble reported sales of $1.4bn, down 1.8 per cent. It said yesterday losses on the product contracted during the year, [...]
EU referendum: How would a Brexit impact business? MPs launch inquiry to “get underneath the slogans and soundbites”

March 4, 2016

Barely a day in 2015 has gone by without a new business figure giving their view on the EU referendum vote. But MPs want more. The Business, Innovation and Skills Committee has today called for evidence from businesses ahead of the 23 June vote as it seeks to "get underneath the slogans and soundbites". The committee said [...]
Looming EU referendum is slowing M&A activity – and a Brexit could make UK less attractive for deals

March 4, 2016

The looming EU referendum is slowing M&A activity – and a Brexit could make the country "less attractive", experts have warned. Last year, there were record levels of global activity in M&A, with an estimated $4.78 trillion worth of deals announced. But despite high-profile activity around Home Retail Group and the London Stock Exchange, Clifford Chance corporate partner Patrick [...]
WPP shares fall slightly as company reports growing revenue and profit – but warns against advertising industry’s “Don Draperish” optimism as Brexit vote looms

March 4, 2016

WPP has warned 2016's geopolitical conditions, including the potential for a Brexit, mean advertisers should be wary of “Don Draperish" optimism. The company said that while a "glass half-full" attitude is important in advertising and marketing, clients do not share this positivity currently. Explaining this, it referenced several geopolitical conditions, including the potential for a so-called Brexit. WPP [...]
London Stock Exchange chief executive talks up prospect of “industry-defining combination” with Deutsche Boerse

March 4, 2016

London Stock Exchange Group's chief executive has talked up the “industry-defining combination” a potential merger with Deutsche Boerse would create. In a conference call this morning following the release of LSEG’s preliminary 2015 results, Xavier Rolet spoke of the company’s “global aspirations”. But he said he was unable to answer questions about a potential offer from New [...]

HSBC: City market’s top firm turns to Asia and Middle East

Premiership run-in: Saints and Bath will impact top four

Here We Are, National Theatre, review: Stephen Sondheim musical is more Severance than sing-a-long

By: William Turvill

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