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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Ad industry sets out Brexit demands as 2016 spend figures beat expectations

January 26, 2017

The advertising industry has today set out its Brexit demands as new data shows it contributes £120bn annually to the UK economy. The Advertising Association (AA), which has also published figures showing ad spend survived the Brexit vote last year, wants the UK’s strength to be preserved and also for EU red tape to be scrapped. [...]
Minister reassures MPs: Green Investment Bank will not be sold to an asset stripper

January 25, 2017

Energy minister Nick Hurd today reassured MPs the Green Investment Bank (GIB) will not be sold “to an asset stripper”. The government has come under pressure in recent weeks over the choice of Macquarie as the preferred bidder for the £4bn sell-off. The criticism came after it was reported that the Australian investment bank is [...]
Czech it out: Central Eastern European M&A activity is booming

January 25, 2017

Mergers and acquisitions (M&A) activity slowed in the UK and across the world last year, but Central Eastern European deals came thick and fast. There Warsaw (were so) many M&A deals in the region that values totalled €86.7bn (£74bn) last year, up 62 per cent on 2015, and its highest result since 2013. The total number of [...]
Time Out revenue boosted by 3.1m visitors to its market in Lisbon

January 25, 2017

Time Out’s revenue from its market in Portugal more than doubled last year, the media and e-commerce company today revealed. The Time Out Market in Lisbon, which opened in 2014, attracted an estimated 3.1m visitors in 2016, a 63 per cent year-on-year increase. The company believes it may be the Portuguese capital’s most popular attraction. [...]
Multi-million pound Daily Mail printing contract win provides some relief to newspaper group Johnston Press

January 25, 2017

Shares in Johnston Press jumped five per cent this morning as the troubled newspaper publisher announced a new multi-million pound printing contract. Johnston Press has entered an agreement with Associated Newspapers to publish the Monday-Saturday editions of the Daily Mail at its Portsmouth site. The deal, which will see Johnston Press print all south west [...]
British Vogue editor-in-chief Alexandra Shulman stands down after 25 years

January 25, 2017

The editor-in-chief of British Vogue is to stand down this summer after 25 years in the role. Alexandra Shulman’s June departure was announced by Conde Nast Britain’s managing director Nicholas Coleridge this morning. Read more: How revenue woes are driving a wave of deals in the print media sector “This is an announcement I hoped [...]
Banks need to make Brexit job decions in the first half of 2017, says Citi’s European chief

January 24, 2017

Citigroup’s European boss has said his bank, and others, will make decisions on Brexit-motivated job moves in the first half of this year. James Cowles, Citi's chief executive for Europe, Middle East and Africa, said his firm’s issue is with its broker-dealer business, which is currently headquartered in the UK. “We come into this actually from [...]
London must lose clearing crown after hard Brexit, warns BlackRock boss

January 24, 2017

London will not be able to play a central role in the core functions of European financial markets like clearing in the event of a so-called hard Brexit, the vice chairman of the world’s largest asset manager has warned. BlackRock's Philipp Hildebrand suggested at the European Financial Forum that the UK cannot “have the cake and [...]
“Brexit-ready” Ireland sets out ambitions to seize financial services opportunities from UK

January 24, 2017

The Irish government this morning set out its ambitions to assert itself and seize opportunities presented by Brexit. Speaking at an international financial services conference in Dublin, Prime Minister Enda Kenny declared the nation “Brexit-ready”. Kenny also said that he would seek to “negotiate hard and fair” as the UK prepares to leave the European [...]
Newspapers in fresh attack on government-recognised press regulator

January 23, 2017

The newspaper industry has launched a fresh attack on the UK’s official press regulator, demanding that its status be challenged. The News Media Association (NMA) has called on the Press Recognition Panel (PRP) to conduct an ad hoc review of its decision to recognise Impress. Lawyers for the NMA wrote to the PRP on Friday highlighting [...]

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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