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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Rupert Murdoch’s 21st Century Fox tells government: Sky takeover is “in the interest of the UK”

March 8, 2017

Rupert Murdoch’s 21st Century Fox has written to the government setting out why its Sky takeover is “in the interest of the UK, its creative economy and its consumers”. Culture secretary Karen Bradley is currently considering whether to refer the £11.7bn deal to broadcasting regulator Ofcom. Read more: Murdoch Empire 2.0 or socialist witch-hunt? MPs [...]
Budget 2017: Chancellor Philip Hammond delivers boost to FTSE

March 8, 2017

Philip Hammond's Budget announcements drove the FTSE 100 into positive territory for the day this afternoon. While no individual companies or sectors appeared to rise or fall too strongly, the FTSE 250 and FTSE 350 indices also edged up after the chancellor spoke. Read more: This is what the Budget had to say about UK [...]
Budget 2017: Government provides updates on sales of Green Investment Bank, Lloyds and RBS

March 8, 2017

The government remained largely quiet on its various privatisation processes in the Budget today. The Treasury announced no new sell-offs, and confirmed the sale of the Green Investment Bank and £12bn of student loans are ongoing. The Green Investment Bank sale process has come under intense scrutiny in recent months, with several MPs raising concerns about [...]
Property fund Pradera, backed by UK private wealth partnership LJ Partnership, buys 25 Ikea retail parks across Europe in €900m deal

March 8, 2017

A retail property fund and asset manager has agreed a €900m (£780m) deal for 25 Ikea retail parks across Europe. Pradera, which is backed by UK-based private wealth partnership LJ Partnership, is buying centres in eight countries across the continent as part of the deal. The retail parks, situated next to Ikea stores, comprise around 500 [...]
CMC Markets shares leap on Down Under deal to make it Australia’s second largest stockbroker

March 8, 2017

London-based CMC Markets has announced a new partnership Down Under to make it the second largest stockbroker in Australia. The spreadbetting group will service more than 500,000 retail stockbroking clients of the Australia and New Zealand Banking Group (ANZ) when the deal is completed. Gross revenue from CMC’s stockbroking business is expected to increase by [...]
X-ray company Medica Reporting plots £150m-plus IPO as private equity firm CBPE Capital seeks exit

March 7, 2017

A private equity-backed x-ray company is plotting a stock market flotation, City A.M. can reveal. Medica Reporting, the UK’s largest remote radiology reporting network, is planning an initial public offering (IPO) that could value the company at more than £150m. Read more: London IPO, New York or sale? Sources say Misys is keeping its options [...]
London IPO, New York or sale? Technology giant Misys said to be keeping its options open after last year’s pulled UK float

March 7, 2017

Technology giant Misys could be sold rather than try for another initial public offering (IPO) after last year’s pulled London float, sources have said. The private equity owner of Misys is understood to be keeping its options open for exiting the technology company, with a listing in New York also being explored. Read more: Fears [...]
Foreign takeovers in the UK hit record levels last year as Megabrew and BG-Shell deals completed

March 7, 2017

Foreign takeovers of British companies reached record levels last year as mega-deals announced during 2015 were tied up. In 2016, the Office for National Statistics (ONS) tracked 227 foreign takeovers, the highest annual number since 2011, worth £187.4bn, the highest total value since records began in 1969. These figures were boosted by AB InBev’s £79bn [...]
Standard Life-Aberdeen deal expected to spark M&A flurry in asset management industry

March 6, 2017

Standard Life (SL) and Aberdeen Asset Management’s £11bn merger is expected to prompt a flurry of fund management consolidation, industry experts said yesterday. The companies’ share prices rocketed after they confirmed the terms of their deal, despite City uncertainty over plans for Keith Skeoch and Martin Gilbert to be co-chief executives. Read more: Standard Life [...]
German minister confident of winning euro clearing power from “offshore” London after Brexit

March 6, 2017

A German economics minister has spoken confidently of winning euro clearing power from London after Brexit. Tarek Al-Wazir, a minister for the state of Hesse, said he expects Frankfurt, which is in his district, to be among the beneficiaries. Read more: Clear off: City of London steps up fight to retain euro clearing “It is [...]

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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