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.

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:..

Read more...

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...

Read more...

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...

Read more...

Betaville Intelligence

RARE ALERT: William Hill said to ... - part 2

Friday, 15 September 2017, 9:04 am

Hat tip to Dom Walsh over at The Times for managing to needle out a genuinly interesting "new" line out of Kenny Alexander, the boss of acquisitive gaming group GVC, about potential merger talks with rivals after the regulatory review of sector.

In today's City people column in the The Times Dom reveals that, other than Ladbrokes Coral, GVC also has an interest in a potential combination with William Hill. Here is the link:..

Read more...

Credit Suisse hires Telegraph Media Group's business supremo...

Thursday, 14 September 2017, 12:16 pm

The journo/PR world has been trying to work out where James Quinn, head of the business section at my former employer The Daily Telegraph, was heading off to since he announced his departure on Twitter a couple of weeks ago.

Well, Betaville can reveal James Quinn - a jolly nice chap and former colleague during my time at the venerable newspaper - is joining Credit Suisse...

Read more...

Wizz Air - another share sale/placing from Indigo/Bill Franke on the way?...

Wednesday, 13 September 2017, 7:21 am

Last week, Tony Pidgley and a bunch of other Berkeley Group directors sold £45 million worth of shares in the London-focused housebuilder. And yesterday, Redrow founder Steve Morgan slotted 25.9 million shares or 7pc of the company to raise £153 million.

Who can blame them as markets/ equities prices are once again flirting with all time highs...

Read more...

Tags: Wizz Air
Betaville Intelligence

RARE ALERT: Central Asia Metals said to ...

Monday, 4 September 2017, 8:18 am

Central Asia Metals, a copper mining company, is in advanced discussions about carrying out a large M&A deal in Macedonia.

This morning the AIM-listed company suspended its shares following an enquiry from Betaville on Friday regarding the deal talks.

It's not clear which company Central Asia Metals is in talks with but industry sources suggested the takeover target could be the Sasa mine, a Lead and Zinc producer based in North East Macedonia...

Read more...

[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].