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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Germany’s Hubert Burda Media buys Radio Times and other UK magazines for £270m

January 12, 2017

A German media company has announced a deal to buy Radio Times and more than 70 other magazines. Munich-based Hubert Burda Media is understood to have acquired Immediate Media from its private equity owner Exponent and Management for £270m. Announcing the deal this morning, Burda noted that Immediate has more than 19m consumers each month, [...]
Chancellor Philip Hammond praises “success story” Funding Circle as it announces $100m investment

January 12, 2017

Chancellor Philip Hammond has praised Funding Circle as a “real success story for British fintech” after the peer-to-peer (P2P) platform announced a new $100m (£82.5m) equity capital. The funding round was led by Accel Partners and included participation from existing investors Baillie Gifford, DST Global, Index Ventures, Ribbit Capital, Rocket Internet, Sands Capital Ventures, Temasek and Union Square [...]
UK investor faith in equities grows, bringing 10 months of outflows to an end

January 11, 2017

UK investors regained some faith in equities in November as 10 months of outflows came to an end, new figures out today show. Total funds under management totalled £1 trillion during the month, with net retail fund sales of £1.5bn, up from £595m in October. Total sales of equity funds came in at £583m, the [...]
Government comes under fire for Green Investment Bank sale after claims Macquarie is planning asset-strip

January 11, 2017

The government has come under scrutiny today over the privatisation of the Green Investment Bank. The Commons Environmental Audit Committee today raised concerns about the proposed sale to Australian investment bank Macquarie, which is believed to be the favoured bidder. It was reported over the weekend that Macquarie is planning to strip the bank of its [...]
Vinyl resurgence to power through into 2017 with $1bn of sales expected

January 11, 2017

Vinyl’s resurgence is expected to continue this year, with a new report today forecasting 2017 sales of $1bn (£0.8bn). Deloitte believes vinyl revenues will enjoy their seventh consecutive year of double-digital growth, with 90 per cent coming from new and used discs and the rest from turntables and accessories. Read more: Vinyl comeback led by David Bowie [...]
Newspapers warn “draconian law” Section 40 would cost industry £100m a year

January 10, 2017

The newspaper industry has estimated that a new “draconian law”, Section 40 of the Crime and Courts Act, would cost the industry £100m a year. The News Media Association (NMA) said passing the act would represent an “unfair and undemocratic attack on free speech which would have a chilling effect on newspapers’ ability to report [...]
Veteran newspaper exec leads takeover plot for Richard Desmond titles

January 10, 2017

A former News of the World editor is spearheading a takeover plot for Richard Desmond’s newspapers and magazines. David Montgomery, also a former Mirror Group chief executive, is seeking to drum up funds for a new media investment vehicle. Read more: Daily Express owner mulling sale of tabloids to rival Trinity Mirror Montgomery, who City [...]
Former Bank of England deputy governor chosen as new BBC chair

January 10, 2017

Sir David Clementi, the former deputy governor of the Bank of England, has been named as the government’s preferred candidate for the BBC chairmanship. He is set to head up the new BBC board, which is replacing the BBC Trust under the terms of the government’s new royal charter for the corporation. Clementi will appear [...]
Grand Union shake-up: London bar owners appoint advisers for sale

January 10, 2017

The owners of trendy London bar chain Grand Union have appointed advisers as they seek to sell the business. Leisure property specialist Coffer Corporate Leisure has been taken on to handle the sale of Grand Union, City A.M. has learned. Read more: Craft beer may have just met its match The chain, which specialises in [...]
“I am right chuffed”: Ruffer chairman appears happy with new chief executive

January 10, 2017

The chairman of investment management group Ruffer is “right chuffed” to have named a new chief executive. Clemmie Vaughan will take charge in April this year after joining the company in 2005. She will take the reins from Henry Maxey has been chief executive and chief investment officer for five years. He will retain the [...]

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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