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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Media firm Ascential expects more sales soon after discharging health service magazine for £19m

January 19, 2017

Ascential, the media company formerly known as Emap, has announced the sale of one of its most high-profile titles for £19m. Publisher Wilmington has pounced to snap up the Health Service Journal (HSJ) just two weeks after Ascential put the magazine title, along with 12 others, up for sale. Overall, FTSE 250-listed Ascential is expected [...]
Ukip and Leave donor Arron Banks launches “pro-Brexit, pro-Farage, pro-Trump” news website

January 19, 2017

Arron Banks, the tycoon who bankrolled a campaign for Britain to leave the European Union, has founded a new “pro-Brexit, pro-Farage, pro-Trump” news website. The “anti-establishment, anti-open borders, anti-corporatism” site launched last night and is co-owned and run by Nigel Farage’s former press adviser Michael Heaver. Read more: It may be all over for Ukip, according [...]
M&A deal leaks are increasing (and no wonder – they pay off)

January 19, 2017

Tougher regulation is failing to prevent leaks around deals, new research out today shows. And no wonder – being loose-lipped about transactions generally pays off. The mergers and acquisitions (M&A) research, by Intralinks and Cass Business School, found 8.6 per cent of deals globally were the subject of leaks, either to the media or other [...]
These peer-to-peer platforms lent nearly £3bn in 2016

January 18, 2017

Nearly £3bn was lent across the UK’s biggest peer-to-peer platforms last year, new figures out today showed. More than £800,000 was lent in the last quarter of 2016 by members of the Peer-to-Peer Finance Association (P2PFA). Since the beginning of 2010, members of the association have lent an estimated £7.3bn. Read more: The FCA is [...]
Goldman Sachs predicts healthcare M&A flurry, helped by Donald Trump

January 18, 2017

Wall Street giant Goldman Sachs is predicting a mergers and acquisitions (M&A) flurry in the healthcare sector this year, helped by Donald Trump. After a record 2015 for global M&A, there was a general slowdown in activity last year. Jami Rubin, unit leader of Goldman’s healthcare research group, noted that activity in the sector was “lower [...]
Stock exchange bosses seek to reassure German politicians over London legal HQ

January 18, 2017

London Stock Exchange and Deutsche Boerse bosses this week began a push to convince German politicians of the merits of their merger and soothe concerns around the legal headquarters being based in the UK. Politicians in the State of Hesse, where the German exchange is based, have been made aware that no alterations will be [...]
Patisserie Valerie owner nears takeover of upmarket chain founded by Raymond Blanc

January 17, 2017

The owner of Patisserie Valerie is nearing a deal to take over an upmarket bakery chain founded by celebrity chef Raymond Blanc. City A.M. understands Patisserie Holdings came out on top in a competitive bidding process for 13 Maison Blanc sites and has agreed terms for a deal, with the final details being ironed out. Kout [...]
Private equity interest in small British companies survives Brexit uncertainty

January 17, 2017

Private equity interest in small UK companies was largely unperturbed by Brexit uncertainty last year, new research out today suggests. Lyceum Capital and Cass Business School tracked 82 buyouts and small and medium sized businesses over the year, 42 in the first half and 40 in the second, worth a total £3.33bn. Read more: Private [...]
British American Tobacco shares fall three per cent after announcing $49bn Reynolds takeover deal

January 17, 2017

British American Tobacco's (BAT) share price tumbled four per cent on Tuesday afternoon after it announced a deal to take over US competitor Reynolds. After months of talks between the two firms, BAT has agreed to pay around $49.4bn (£40.8bn) for the 57.8 per cent of Reynolds that it does not already own. Its shares jumped [...]
Welsh water bidding war heats up after activist locals attempt to block Severn Trent takeover

January 16, 2017

An investment company is still hopeful of buying a Welsh water company, with angry locals seeking to block the rival bid in an unprecedented case of shareholder activism. FTSE 100-listed utility firm Severn Trent agreed an £84m, £18.25-per-share, takeover for Dee Valley Water in November. However, in a never-before-seen move, the deal was blocked last week [...]

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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