Last night little old Betaville headed to Squirrel on Harrington Road (no connection with myself) in South Kensington, London, where former The Times journalist Rachel Kelly and nutritionist Alice Mackinstosh held a launch party for their new health food book, the Happy Kitchen, Good Mood Food...
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 email@example.com.
I got a bit caught up yesterday afternoon but I did want to reflect on what appears to be another example of a blatant "fake denial", which seem to be becoming increasingly prominent these days.
Last summer hacks at CNBC TV 18 landed a brilliant "exclusive" about how Aditya Birla / Idea Cellular and Vodafone were in the early stages of exploring a combination of their Indian operations. Here is the link:..
It's a Monday, so here is a link to today's Tip TV session with Matt Brown and the erudite Zak Mir.
Hat tip to hacks over at German newspaper Handelsblatt, which this weekend ran the scoop about Allianz's takeover talks with QBE. Here is the link:
This is piece (see below) from Bloomberg is a great read and demonstrates how hedge funds found an interesting "edge" on the $30 billion Johnson & Johnson / Actelion deal.
So, the UK M&A market has roared back into life with a fresh multi-billion deal announced this morning - Tesco's £3.7 billion takeover of wholesaler Booker. ..
Perhaps the FT's Axa / Generali merger rumours were just a load of hot air after all?
Yesterday, Reuters reported that Axa's CEO is "not interested in Generali" although if you read the story carefully the chief executive doesn't quite say what the headline claims.
Anyway, I will let readers decide what they think by providing a link to the Reuters piece below:..
Johnson & Johnson has finally announced its $30 billion takeover bid for Swiss pharmaceutical company Actelion.
As a result, the Bloomberg clan are out in force this morning on Twitter reminding the business world about how the financial media organisation late last year "broke" the story about Johnson & Johnson's multi-billion dollar takeover approach for Actelion...
Here is some more grim news for the City of London's stockbroking industry. Beaufort Securities, formerly known as Hoodless Brennan, has been hit by an Financial Conduct Authority restriction on its discretionary fund management business. Below is a link to the FCA restriction:
It would appear the venerable Financial Times was barking up roughly the right tree when it aired the rumours about Italian insurance company Generali merging with a rival, possibly French company Axa, earlier this month. In case you don't recall here is the link:
The scribblers over at French broker Exane BNP Paribas were pushing the Japan Tobacco for Imperial Brands line hard this morning although I have still not unearthed any new facts (it's called journalism) that might substantiate their theory.
Obviously, I will let loyal readers know when I do but for the time being I have pasted Exane's note below...
The lovely Jenny Hammond was back in the hotseat today after a rather nice is holiday in the Caribbean. Below is a link to today's clip, which also includes one of the City's most cynical commentators - Zak Mir.
I used to dread the Davos Economic Forum when I worked at The Daily Telegraph. That's because the higher ups would swan off for a week of "networking" in the Swiss Alps leaving the middle rankers (like me) to pick up the slack in the office...
Clearly today's newspapers are dominated by you know who.
However, there was one story in The Daily Telegraph's business section that caught my eye: Ashley Armstrong's piece on how Ranjit Boparan, the entrepreneur known as "The Chicken King", has received a takeover approach for Party Ring, the maker of Fox's Biscuits, from a mystery suitor...
A lot has been written about "fake news" over the last month so but how about ruminating on the growing amount of duff - or perhaps we should call them "fake" - denials.
Today, for example, French aerospace company Safran announced it is buying rival Zodiac Aerospace for EURO 8.5 billion...
So, here is that curious piece of gossip about ITV I mentioned was I looking into earler in the week. However, to be up front and clear, this gossip really is RARE!
I have been told that back in early December a boutique broker called LionTree organised a big dinner in Denver, USA for a bunch of institutional investors that wanted to meet Liberty Global's management team, including chief executive Mike Fries...
Dom Walsh, one of the best leisure reporters knocking about the UK national newspaper scence, had an intriguing line in his diary column in today's The Times about how Alan McIntosh's consortium hasn't given up on Punch is in talks with C&C Group, maker of Magners, to launch a joint rival bid for the pub company...
Below is the first Tip TV session of 2017 with my old chum Zak, who was rather subdued today as he was suffering with a heavy cold.
I see market reports in both the Financial Times and The Times have dedicated a significant amount of column inchs this morning to the mounting speculation about a potential takeover bid for ITV. Here are links to those respective columns:
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