Egg on face for Dragons as Tangle Teezer appoints Baird to handle multi-million pound takeover approaches
Friday, 11 March 2016, 5:17 pm
Sometimes in the world of business knock backs only strengthen your resolve to succeed...
A cheeky website about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. If you have a tip, want to discuss a story or have a subscription enquiry please feel free to email Betaville at [email protected]. Betaville can also be reached at Whats App, Signal or Telegram. Betaville's Twitter handle is @bharringtonw11 and you can message me via Twitter with stories.
Mr Nobody
Thursday, 10 March 2016, 12:10 am
So, rival hacks and news organisations are mocking the FT's Burberry scoop on the Twittersphere following this morning's news from HSBC. Burberry shares are down about 7pc after the bank released a statement to the market that implies it's not holding a stake on behalf of a mystery investor looking to make a takeover bid. Here is the link:..
Some Burberry clues...
Tuesday, 8 March 2016, 9:21 pm
Hat tip to the Financial Times. The newspaperbroke a great story yesterday evening about Burberry hiring Robey Warshaw to defend the company after a mystery investor built up a stake in the clothing brand via HSBC.
Here is the link: http://www.ft.com/cms/s/0/34b6aa28-e48f-11e5-a09b-1f8b0d268c39.html#axzz42Fx3Tj8H..
Back on Tip TV talking about BBA Aviation, Zodiac Aerospace and Weir Group
Monday, 7 March 2016, 2:59 pm
It's a Monday, so here is a link today's Tip TV session:
The Sunday review: an old mega deal rears its head again; and from predator to prey continues...
Sunday, 6 March 2016, 9:12 pm
M&A stories are a bit like London buses. You wait around at the bus stop for one to arrive, it never comes but when it does another two buses arrive straight afterwards...
An aspiring stockbroker hires...
Saturday, 5 March 2016, 9:07 pm
Here is a rare piece of upbeat news for the City of London's stockbroking industry - I understand Zeus Capital has just hired Rob Collins as head of natural resources...
Mounties pension fund said to be sniffing around BBA Aviation - part 2
Friday, 4 March 2016, 7:25 pm
A rather nice person familiar with the matter has been in touch to point out that BBA Aviation's shares are only down about 20pc over the last twelve months if you take in the account the 6 for 5 rights issue that took place last September/October. Happy to set the record straight.
Here are the details of the rights issue:..
Mounties pension fund said to be sniffing around BBA Aviation
Friday, 4 March 2016, 6:49 am
PSP Investments has been circling BBA Aviation.
Good sources tell me PSP, a massive Canadian pension fund that looks after money for the Canadian mounted police, is in the early stages of examining a purchase of BBA Aviation.
I also understand PSP has been talking to potential partners in recent weeks about forming a consortium to buy BBA Aviation, which is listed in the FTSE 250 index...
From predator to prey... - part 2
Thursday, 3 March 2016, 3:14 pm
So, loyal readers have got in touch following yesterday's item regarding the Chicago Mercantile Exchange's interest in buying Deutsche Borse to point out that there are clear, hard news reports about the former's interest in purchasing the latter.
Here is a link to what looks like a very well sourced Bloomberg piece from 2013:..
From predator to prey...
Wednesday, 2 March 2016, 11:58 pm
Most of today's coverage of ICE's confirmation of interest in the LSE focussed on how the owner of the New York Stock Exchange and rival Chicago Mercantile Exchange are weighing making counter offers for the London-listed company...
The Times diary predicts Dobson to retire from Schroders; Helge Lund to BP next?
Wednesday, 2 March 2016, 2:44 am
I seem to praising lots of rival journalists today - but credit where credit is due.
This time, The Times diary section, that day edited by Patrick Hosking, deserves to take a bow after suggesting in early February Michael Dobson, the veteran Schroders chief executive, was considering stepping down.
And today the Financial Times is reporting:..
Tesco for Home Retail Group, according to The Times and the Financial Times
Tuesday, 1 March 2016, 5:59 pm
Tucked away at the back of the The Times market report is a surprising snippet on the Home Retail Group takeover situation...
Quelle Surprise: ICE weighs counter bid for LSE
Tuesday, 1 March 2016, 4:27 pm
Bloomberg landed a good hit last night, revealing the ICE is working with Morgan Stanley on a counter offer for the LSE. Here is the link:
Back on Tip TV talking about LSE, Weir Group and Kering
Monday, 29 February 2016, 11:32 pm
Apologies in advance for the terrible audio during today's Tip TV session. But here is a link to today's session with Zak:
http://www.tiptv.co.uk/finance/ma-update-counter-bid-likely-in-deutsche-boerses-lse-takeover/..
Bears tuck into Avanti but ... - part 2
Monday, 29 February 2016, 5:17 pm
Avanti Communications, the small cap satellite operator, has seen its shares open up over 6pc this morning...
Saturday review
Saturday, 27 February 2016, 9:45 pm
There were plenty of interesting nuggets in the today's business sections...
Coincidence? - returns
Friday, 26 February 2016, 9:24 pm
Here's an interesting snippet - Flowserve, the US pump manufacturer, yesterday abruptly cancelled plans to present at Gabelli's 26th Annual Pump, Valve and Water Systems Symposium in New York...
Is there a row brewing over £2 billion London City Airport sale?
Friday, 26 February 2016, 4:38 pm
Perhaps I spoke (wrote?) too soon...
Mega consortium comes together for London City Airport; China's HNA also rumoured to have submitted first round offer - the end
Friday, 26 February 2016, 2:45 am
It looks like the "mega" consortium has won the £2 billion auction for London City airport. Well, that's what the Financial Times is reporting this evening. Here is the link:..
Panmure Gordon shenanigans
Wednesday, 24 February 2016, 11:39 pm
So, I was just about to publish a story about how Phillip Wale, chief executive of Panmure Gordon, has held talks with rival brokers about merging when the company stuck this statement out:..
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