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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Wall Street banks lead bonus charge as European lenders set to row back on mega payouts

January 4, 2017

Top dealmakers at Wall Street’s banking titans are expected to take home the lion’s share of this year’s payouts as the split between bonus season winners and losers becomes more pronounced. Next week, the bonus season will kick off in earnest when Wall Street heavyweights JP Morgan and Bank of America report full-year results. “US banks [...]
Mega-deals help boutique investment bank Robey Warshaw nearly double revenue and profits

January 4, 2017

Megabrew, the London Stock Exchange-Deutsche Boerse merger and Royal Dutch Shell's takeover of BG Group helped boutique investment bank Robey Warshaw nearly double its profits and revenue last year. In the year to 31 March 2016, the company reported a turnover of £43.3m, up from £23.9m the year before. Profits increased from £19.4m to £36.6m. Read more: [...]
Currency trading firm shelves IPO plans, citing FCA spreadbetting crackdown

January 4, 2017

A currency trading broker has shelved plans for a stock market flotation, citing uncertainty caused by a City watchdog probe into spreadbetting. FxPro began lining up an initial public offering (IPO) in 2015, but reportedly put the plans on hold last year. The flotation plans have now been shelved again amid a Financial Conduct Authority [...]
Sparkling plan: Private equity owner of jewellery company Aurum considering stock market float as well as sale

January 4, 2017

The London Stock Exchange could be be set for another jewel in its crown. The private equity owner of high-class jeweller Aurum Holdings, which is behind high street chain Goldsmiths, is considering options for floating the company. Apollo Global Management, which acquired the firm for a reported £180m in 2012, has appointed Jefferies bankers to [...]
Discount loo roll business Accrol spies Brexit opportunity as consumers look for cheaper tissue options

January 4, 2017

Discount loo roll business Accrol today reported growing revenue and profits, while laying out plans to capitalise on customers being driven to cheaper options after the EU referendum. The figures Accrol, which floated on the Alternative Investment Market (Aim) in June, reported revenue of £63.9m, up 8.8 per cent, in unaudited interim results for the six months [...]
Investment banking fees plunged in 2016, but analysts predict 2017 pick-up

January 4, 2017

Global investment banking fees fell seven per cent last year, with the UK’s plunging even further, thanks to a decline in flotations, equity raisings and mergers and acquisitions (M&A) activity. However, the decline was less marked in the second half of 2016, and analysts are predicting a recovery this year. Thomson Reuters found global investment banking [...]
The tastiest deal of 2017? Ginsters owner confirms deal for West Cornwall Pasty Co

January 4, 2017

We may only be a four days in to 2017, but there is already a contender for the tastiest – or, at least, stodgiest – deal of the year. Samworth Brothers, the company behind Ginsters, has reached an agreement to acquire West Cornwall Pasty Co. The deal will mean increased competition for Greggs. Read more: New [...]
That don’t impress me much, say public of Max Mosley-backed press regulator’s funding structure

January 4, 2017

The newspaper industry is stepping up opposition to a government-approved press regulator, today publishing a poll seemingly illustrating public opposition to its funding model. The majority of the industry is regulated by the Independent Press Standards Organisation (Ipso), which is funded by its members. Rival regulator Impress currently has a small number of, mainly hyperlocal, members. Read [...]
This is how much UK and global deal activity dropped in 2016 after a record-breaking 2015

January 3, 2017

The UK, hit by uncertainty around Brexit, led a decline in mergers and acquisitions (M&A) activity last year. New figures released yesterday show that M&A deal values totalled $3.84 trillion (£3.13 trilion) in 2016, down 18 per cent from a record $4.66 trillion in 2015. Read more: After subdued 2016, these bankers are calling a 2017 [...]
Euronext boss happy with clearing buy despite deal helping London Stock Exchange-Deutsche Boerse “monopoly” merger

January 3, 2017

Euronext’s chief executive believes his company is in a win-win situation after it agreed a €510m (£433m) deal for the London Stock Exchange’s (LSE) French clearing arm, LCH SA. The deal is tied to the LSE’s £21bn merger with Deutsche Boerse. The LSE put LCH SA up for sale in September to help its merger go [...]

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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