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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BBC’s self-regulating trust should be scrapped, independent report by former Bank of England deputy governor finds

March 1, 2016

The BBC’s self-regulating body, the BBC Trust, should be scrapped, a new independent report has suggested. Sir David Clementi, a former deputy governor of the Bank of England, was tasked with conducting the review into how the BBC is regulated and governed as part of the Government's review of the corporation’s Royal Charter. He has recommended today that the BBC Trust [...]
Facebook condemns “extreme and disproportionate” arrest of executive in Brazil over accusations WhatsApp failed to cooperate with drug trafficking investigation

March 1, 2016

Facebook's Latin America vice president has been arrested in Brazil in connection with a case involving WhatsApp. Diego Dzodan was detained after the company failed to cooperate with judicial orders on an investigation into drug trafficking in Sergipe state. Police said he remained in custody for questioning in Sao Paulo state. Read more: Brazil is banning WhatsApp for [...]
High street banks plan to help Treasury offload £17bn of Bradford and Bingley loans

March 1, 2016

Britain’s largest high street banks are planning to help the Treasury offload £17bn of Bradford and Bingley (B&B) loans. The proposal would see Barclays, HSBC, Lloyds, Royal Bank of Scotland, Nationwide and Santander guarantee around £17bn of financing to the purchasers of the loans. It emerged at the beginning of this year that a sizeable part [...]
Freedom of Information act should apply to private firms carrying out public sector work valued at £5m or more, report suggests

March 1, 2016

Private companies carrying out public sector work should come under greater scrutiny, after a new report has said. The independent commission on FoI has today suggested that "information concerning the performance or delivery of public services” through contracts worth £5m or more be brought under the act. But its report, published today, acknowledged that making private companies responsible for [...]
EU referendum: Lord Mandelson warns Brexit would lead to tariffs of up to 20 per cent on UK exports, inflicting “serious damage on competitiveness”

March 1, 2016

Labour peer Peter Mandelson has warned Britain leaving the European Union would lead to tariffs of up to 20 per cent on UK exports, inflicting "serious damage on the competitiveness" of some industries. The former European Union trade commissioner said in a speech today that those campaigning for a so-called Brexit are "trying to sell people a fantasy” [...]
London house prices: South East and commuter areas dominate list of Britain’s best rural places to live

March 1, 2016

London’s commuter areas have dominated a new list of the top 50 rural places to live in Britain. South Oxfordshire was the top local authority district to live in, according to the Halifax Rural Quality of Life Survey. Chiltern and Waverley, both within the commuter belt, helped make up the top four along with Rutland [...]
Jupiter Fund Management share price down despite firm celebrating “another successful year” in “challenging market conditions”

February 29, 2016

Shares in Jupiter Fund Management closed down by 1.19 per cent today, despite the firm hailing "another successful year" in 2015 despite "more challenging market conditions in the second half". The FTSE 250-listed financial services sector firm reported its assets under management (AUM) were up 12 per cent to £35.7bn last year. Jupiter’s earnings before [...]
Trinity Mirror’s share price up by more than 3 per cent after City reacts positively to New Day launch

February 29, 2016

Trinity Mirror’s share price was up by around 3 per cent today following the launch of the New Day newspaper. Analysts have reacted positively to the launch, which came on the same day as the company reported falls in statutory profits and revenue. Alex De Groote, media analyst at Peel Hunt: "It's not going to be a game-changer" This [...]
Trinity Mirror chief executive Simon Fox: If New Day is not profitable by 2017 “we’d have to consider its future very carefully”

February 29, 2016

The future of the New Day newspaper will be considered “very carefully” if it's not profitable by 2017, Trinity Mirror's chief executive has said. Speaking to City A.M., Simon Fox also suggested there will be further consolidation in the newspaper industry in the coming years. Fox said New Day, launched today by the company, is [...]
Bunzl reports growth in profit and revenue as it brings business acquisitions total to 22

February 29, 2016

Outsourcer and distribution group Bunzl today reported profit and revenue growth as its acquisition spree spread further. In 2015, the company’s adjusted operating profit was £366.5m, up from £341.8m in 2014. Its total revenue was £6.5bn, up from £6.2bn. The London-based group also revealed it has spent £327m acquiring 22 businesses, including the today's takeover of [...]

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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