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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Deutsche Boerse boss wants London Stock Exchange merger to bring Anglo-Saxon spirit to Europe

January 31, 2017

Deutsche Boerse chief executive Carsten Kengeter wants his company’s merger with the London Stock Exchange to help introduce a more Anglo-Saxon attitude to Europe. Kengeter also spoke of the “urgent” need for the merger in order for Europe to retain its global significance in the face of intensifying competition from the United States and Asia. “Capital [...]
Walter Presents and chill? Channel 4’s foreign language, Netflix-style service to launch in US

January 31, 2017

A Channel 4-backed online streaming service for foreign-language dramas is to launch in the United States. Walter Presents, a subscription-video-on-demand (SVOD) service, launched in the UK last year. It was founded by Global Series Network’s Walter Iuzzolino and is majority-owned by Channel 4. For $6.99 (£5.60) a month, US customers will have access to 34 series [...]
Investors failed to keep calm and carry on in 2016, despite markets hitting new highs

January 31, 2017

Investors were spooked by politics in 2016 and, despite markets like the FTSE 100 hitting record highs, fund sales were at their lowest since 2008, new figures show. Total net sales for 2016 were £13bn, according to the Investment Association, down from £22.4bn in 2015. Retail investors proved the most pessimistic, with sales totalling £4.7bn, down [...]
The special M&A relationship survives Brexit vote: US businesses continue to target UK deals

January 31, 2017

US business, like the nation’s President, has retained faith in the UK after the Brexit vote, new mergers and acquisitions (M&A) figures released today show. Deloitte’s Deal Monitor tracked 254 deals between the United States and the United Kingdom in the last six months of 2016. Some 172 of the transactions were US-to-UK, a 3.6 per [...]
Spreadbetting lobby group plots bid to appease City watchdog amid industry crackdown

January 30, 2017

A coalition of spreadbetting firms is drawing up a code of conduct amid pressure from the City watchdog. The CFD and FX Association is working to appease the Financial Conduct Authority (FCA), which is planning a crackdown on contracts for difference (CFD) products. The lobbying group is comprised of companies including CMC Markets, IG Group, [...]
NatWest backtracks on plans to freeze UK account of Russian state broadcaster RT

January 30, 2017

NatWest has reversed its decision to freeze the accounts of Russian state broadcaster RT. RT, formerly known as Russia Today, revealed a letter from NatWest announcing the freeze in October, with the broadcaster’s editor-in-chief condemning the move as an attack on freedom of speech. RT said NatWest announced plans to close the UK accounts of the [...]
Fund management firm opens Dublin office to combat Brexit uncertainty

January 30, 2017

A Luxembourg-headquartered fund management company today announced plans for a Dublin office, in a move prompted by the UK’s Brexit vote. FundRock, which has 70 staff in Luxembourg, is also due to move into the UK with the acquisition of Fund Partners, subject to regulatory approval. It is understood that Ireland was chosen as a [...]
New ruler: Paperchase takes on former Pets at Home boss who led stock market float

January 30, 2017

Stationery and greetings card retailer Paperchase has named a former Pets at Home chief executive as its chairman. Nick Wood was Pets at Home boss between 2012 and 2016, and led the company to a 2014 flotation. Read more: UK retailers slash 84,000 jobs amid storm of rising costs and price wars Paperchase itself has [...]
Bridgepoint buys £750m vehicle rental company from fellow private equity firm HgCapital

January 30, 2017

The UK’s largest vehicle rental company has been traded between two private equity firms in a £750m deal. Bridgepoint this morning announced the acquisition of Leeds-based Zenith from HgCapital. Zenith, which also has operations in Solihull and Wokingham, has more than 500 employees and a fleet of around 85,000 vehicles. Read more: Is private equity [...]
Is Ireland Brexit-ready? Inside Dublin’s bid to win financial services power from London

January 30, 2017

Riding the airport shuttle bus through Dublin’s financial services centre on a sunny January afternoon, and looking forward to a pint of Guinness at the journey’s end, the prospect of the City of London losing jobs to Ireland doesn’t seem too upsetting. Located to the east of the city on the River Liffey, the financial [...]

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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