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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Daily Mail publisher abandons national press project to take on advertising decline

January 16, 2017

The publisher of the Daily Mail has abandoned a national newspaper project to pool advertising resources. Project Rio, formerly known as Project Juno, still involves the publishers of the Guardian, Sun and Daily Express among others. But Daily Mail and General Trust (DMGT) is now out, with the publisher said to hold concerns around legal [...]
London Stock Exchange hits back at claims City will lose out to Frankfurt after merger

January 16, 2017

The London Stock Exchange Group has today hit back at the suggestion its merger with Deutsche Boerse will lead to Frankfurt snatching a large amount of business from the City. Research commissioned by the German exchange claimed the deal, which is currently being probed by the European Commission, would enable Deutsche Boerse to move billions [...]
This is not a drill: Private equity giant in £1bn power tool company takeover

January 13, 2017

Private equity giant KKR is drilling further into Japan with a deal to buy a power tool company. KKR’s HK Holdings has agreed to acquire a majority stake in Hitachi Koki, valuing the company at $1.3bn (£1.1bn). Some 40.25 per cent of the company is being bought from Hitachi and 10.9 per cent from Hitachi [...]
Newspaper industry steps up fight against official press regulator Impress

January 13, 2017

The newspaper industry has moved a step forward in its bid to challenge the status of the UK’s officially-recognised press regulator, Impress. The News Media Association (NMA) is in the process of applying for a judicial review of the Press Recognition Panel’s (PRP) decision to recognise Impress. The NMA said today that it had issued [...]
This is why investors should hope for an uplift in M&A activity this year

January 13, 2017

Investors will be hoping for an uplift in mergers and acquisitions (M&A) activity this year, with a study highlighting the value added to companies by deals. In 2016, buyers outperformed the average company by 5.4 per cent, according to a Willis Towers Watson (WTW) and Cass Business School study. The outperformance was even more pronounced [...]
Torrential rain in Spain means spinach shortage and blow to Popeye wannabees

January 13, 2017

New Year gym-goers aiming to build up a Popeye-like physique have been dealt a major blow. Torrential rain in Spain has damaged this winter’s spinach crop, and supermarkets are struggling to feed consumer demand. Read more: Manufacturing giant Premier Foods considers price rises due to Brexit vote Waitrose supermarkets, for instance, have signs warning shoppers [...]
London set for biggest IPO in six years as warehouse giant plots 2017 float

January 12, 2017

London is set for its biggest float in more than half a decade, City A.M. can reveal. Private equity giant Blackstone is aiming to list warehouse business Logicor, which is valued at around €13bn (£11bn), on the London Stock Exchange in 2017. Sources told City A.M. the initial public offering (IPO) could come in the first [...]
Barclays advises government on latest student loans sell-off push

January 12, 2017

Bankers have been appointed by the government as it seeks to sell-off up to £12bn-worth of student loans. Ministers are preparing to kick-off the latest sale of loans issued to students before 2012, and City A.M. has learned Barclays is advising on the deal. The Treasury announced in last year’s Autumn Statement that it was continuing to [...]
Under Press-ure: Activist takes 19 per cent stake in regional press group

January 12, 2017

Regional newspaper group Johnston Press could come under pressure after an activist investor took a 19 per cent stake in the company. Crystal Amber today increased its stake from 6.7 per cent to 18.6 per cent. Read more: Johnston Press reduces debt woes by flogging papers for £17m Johnston Press was among many newspaper companies [...]
Jupiter Fund Management’s share price drops five per cent after reporting last-quarter outflows

January 12, 2017

Jupiter Fund Management’s share price dropped around five per cent today as the company reported fourth-quarter outflows. The figures Overall, clients pulled £373m from Jupiter investment products in the three months to 31 December. However, over 2016 as a whole, Jupiter reported net inflows of £859m. Total assets under management (AUM) came in at £40.5bn, up [...]

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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