A cheeky website about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. If you have a tip or want to discuss a story please feel free to email Betaville at ben@betaville.co.uk.

The leaving party, the Premier League football club and the £220 million takeover bid...

Tuesday, 17 October 2017, 11:42 pm

Hat tip to Russell Lynch. Betaville stumbled across the hack's cracking scoop in today's Evening Standard business section about a Turkish tycoon's £220 million potential bid for Newcastle United Football Club on the way to, ironically, a leaving party for a hackette that's about to join the great newspaper.

Here is a link to Lynch's piece in the Evening Standard:..

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Monty's next deal...part 2

Monday, 16 October 2017, 5:41 pm

I see the Commons' work and pensions committee has today posted on its website the letter it has written to The Pensions Regulator asking it to investigate the £350 million merger of Trinity Mirror and Northern and Shell Media, publisher of The Daily Express.

Here is the link to that letter - do click it on it if you want to see all the tough questions the committtee, chaired by senior MP Frank Field, has posed:..

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Village gossip - "Posh" returns to the City...

Thursday, 12 October 2017, 11:02 am

"Posh" is a familiar name in the dealing rooms of the City of London but not just because traders are obsessed with David Beckham's wife, the former Spice Girl now called Victoria Beckham.

Posh is also a chap called Anthony Harmer, a former Winterfloods trader who worked at the firm for 17 years with the legendary market maker Spencer Crooks.

Anyway, it turns out Harmer has been snapped up by US trading giant INTL FCStone to set up its equities trading desk in London...

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Revealed: Law Business Research set to change hands for around £150 million - sources

Monday, 9 October 2017, 10:30 am

Here is a snippet about an upcoming deal that may be of interest to bankers, buy-out types and, especially, City laywers.

Bowmark Capital, a London-based private equity firm, has appointed bankers from DC Advisory to work on a sale of Law Business Research, which publishes journals, legal rankings and sets up events for a lawyers around the world...

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Negotiating the value of equity research for the post MiFID II regime...

Friday, 6 October 2017, 7:10 pm

Betaville hears there are some interesting negotiating tactics being used by brokers ahead of the implementation of MiFID II regulations in the New Year.

Most market participants are aware of the upcoming rule changes which will force equity research departments to charge investor clients directly for their "research". And this is causing all sorts of confusion but about how much research, in particular "equity research", is really worth to investors...

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Is the tide turning for Odey the Brexiteer? - part 22

Wednesday, 27 September 2017, 8:42 am

Once again it would appear reports of a turnaround at Crispin Odey's fund might have been a tad premature.

The HSBC hedge fund performance index just hit Betaville's inbox and it shows that, perhaps, the August "revival" at Crispin's flagship Odey European Fund was just a blip.

Indeed, the Odey European Fund is back on the HSBC top 20 loserboard, showing a decline of 14pc in 2017 by the middle of this month...

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Punting on Genel ... - part 3

Tuesday, 26 September 2017, 2:56 pm

Genel's shares have leapt around 60pc since Betaville first queried why mysterious construction tycoon Hassan Gozal had built a 15pc stake via his vehicle Daax Corp in the controversial oil company in July this year.

Now, some people, in part, have pinned Genel's recent share price rally to the recent news about Rosneft investing almost $1 billion in gas pipelines in Kurdsitan...

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Confirmations, confirmations and more confirmations...

Friday, 22 September 2017, 4:00 pm

Betaville is in a particularly good mood today because this week has seen several of this website's scoops and scoopettes confirmed by the companies involved.

First of - Aim-listed Rose Petroleum this morning confirmed yesterday's RARE Alert about the company's fundraising. I have pasted the link to the RNS statement below:..

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RARE ALERT: Rose Petroleum said to plot multi-million pound equity fundraising

Thursday, 21 September 2017, 3:13 pm

There aren't too many new M&A deals knocking around the UK at the moment but here is a bit of RARE about a little equity fundraising taking place on the AIM market.

Rose Petroleum is working on an equity fundraising of up to £3 million, according to sources claiming to be familiar with the matter.

These sources said Rose Petroleum - which has an oil and gas project in Utah, the US - is looking to raise between £2 million and £3 million at around 4p a share...

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The Morgan Grenfell get together...

Wednesday, 20 September 2017, 5:21 pm

Younger readers might not remember Morgan Grenfell. It was one of the City of London's oldest and most influential investment bankers until it was bought by Deutsche Bank in the late 1980's for almost $1.5 billion.

Unsurprisingly, most of Morgan Grenfell's top bankers - such as Simon Mckenzie-Smith, who was once enticed into a game of spoof with Sports Direct boss Mike Ashley to settle Merrill Lynch's bill - left soon after it was gobbled up by the Germans...

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[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].