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 firstname.lastname@example.org.
Thursday, 30 August 2018, 9:09 pm
This piece (see the link below) in the venerable Financial Times would appear to be connected to the series of stories Betaville has been running since last year about a bunch of pro European City types looking to back a new centrist, er, pro European political party.
Read more...Betaville Intelligence
Wednesday, 29 August 2018, 7:24 pm
I see my former Daily Telegraph colleague, Katherine Griffiths, has written a rather lengthy article in today's The Times extolling the potential benefits of a combination of Lloyds Banking Group with Prudential M&G.
Below is a link to Katherine's piece:..
Tuesday, 28 August 2018, 7:33 pm
Hat tip to The Insurance Insider.
Adam McNestrie, editor of the trade newspaper for the specialist insurance industry, broke a tale last week about the imminent takeover of US-listed insurer Aspen by Leon Black's Apollo for $2.6 billion. Below is the link:..
Monday, 27 August 2018, 11:19 am
Let's face it - one of the biggest busiess/sport/politcial (?) stories of the weekend was the The Sunday Times mega scoop about Roman Abramovich hiring advisers from Raine to carry out a "strategic review" (banker parlance for sale) of Chelsea Football Club after receiving multiple bids...
Saturday, 25 August 2018, 9:18 am
Oh look - Elon Musk / Tesla has/have abandoned the plan to take the $70 billion company private. Below is a link to an FT piece with the news:
Friday, 24 August 2018, 11:16 am
Betaville isn't an avid reader of the New Statesman magazine but this website did notice this week the venerable publication has gone big on a story that is eerily similar to one aired on this website over the last eighteen months...
Thursday, 23 August 2018, 10:36 pm
Are you bored waking up every morning to pages and pages of Brexit coverage about essentially the same issues and arguments that have been aired since the referendum?
Are you fed up with the lack of hard corporate news?
Is the recent bout of media navel gazing about the state of (my) industry driving you up the wall?
Well, it is August after all so something has to fill the pages.....
Read more...Betaville Intelligence
Wednesday, 22 August 2018, 10:36 pm
21st Century Fox has appointed a powerful shareholder solicitation firm amid speculation it is preparing to launch a final "knockout" offer for Sky.
According to sources claiming to be familiar with the matter, Rupert Murdoch's media group - which has already struck a deal to sell the majority of its assets to Walt Disney Corporation for $52 billion - has mandated Georgeson to sound out Sky shareholders about whether they are willing to support its £14.00 a share offer for Sky...
Read more...Exclusive to Betaville Intelligence subscribers
Tuesday, 21 August 2018, 6:10 pm
Monday, 20 August 2018, 9:37 am
Betaville's old boss - Richard Fletcher, now business editor of The Times - does a good job of skewering Rightmove.co.uk this morning and its figures about house prices in August.
Fletch is journalist of the old school, asks tough questions and isn't afraid of handing out huge bollockings, as Betaville found out during our time at The Daily Telegraph. ..
Friday, 17 August 2018, 4:45 pm
Let me remind you in case you don't: it's the controversial German payment company that two years ago was the focus of a public attack by short sellers.
And two years ago, Betaville broke a series of stories about how Wirecard had seen interest from the Chinese, possibly China Mobile, about buying a large stake in the business. Below is a link to one of those pieces:..
Wednesday, 15 August 2018, 8:35 pm
There is more good news for Crispin Odey in the latest HSBC hedge fund index rankings.
Odey's flaghsip fund is up almost 26pc year to date and currently tops the HSBC leaderboard for the best performing European hedge funds.
That's quite the turnaround for the contrarian hedgie, who Betaville understands has been holidaying in Provence, the South of France over the last few weeks...
Read more...Betaville Intelligence
Tuesday, 14 August 2018, 9:55 pm
Another day, another confirmation for Betaville Intelligence.
This time it's a major oil deal across the pond. Back in mid June Betaville Intelligence was the first to reveal via an UNCOOKED ALERT about how Diamondback Energy was in the frame to buy rival Energen. Below is a link to that piece:..
Tuesday, 14 August 2018, 12:18 pm
It's not exactly been a great start for Argo Blockchain, the cryptocurrency mining group, as a listed company on London's main bourse.
Shares in London's first ever listed cryptocurrency-related "business" are down about 43pc since it floated and currently trading around 9p after hitting the market at 16p.
Investors are wondering whether those people/institutions that were issued stock at 8p and lower ahead of the IPO are likely to hold if the stock continues to slump...?..
Monday, 13 August 2018, 2:17 pm
So, the idea that "nothing happens" in the London market during August has been scotched once again by a £1.2 billion takeover bid for insurer Esure from private equity firm Bain Capital.
And there were few hacks this morning claiming they "had" the scoop/story...last year, that is...
Friday, 10 August 2018, 3:53 pm
The Kleinmanator of Sky News is claiming he had the scoop about Mike Ashley buying House of Fraser out of administration. I guess that may be a valid claim amid his minute by minute scoopage (er, or is it coverage?) of the fast moving situation...
Thursday, 9 August 2018, 8:14 pm
Temenos got a few punters hot under the collar today after the Swiss banking tech group saw its shares rise almost 6pc during intra-day trading and close at a fresh all-time high.
Now, to be clear Betaville has no fresh news or insight but I did do a piece earlier this year in The Sunday Times about how SoftBank was studying an audacious plan to set up a rival payments system to PayPal.
Part of that plan involved Temenos. Yikes! Below is a link:..
Wednesday, 8 August 2018, 10:42 pm
Yes, it's that time that time of the year known as silly season (or the dog days of summer if your from across the pond).
In Europe, chief executives, bankers and hedge fund managers slope off to their villas or yachts in the Mediterranean while the juniors remain in the office to keep an eye on things...
Tuesday, 7 August 2018, 4:52 pm
I see Alisher Usmanov has finally conceded to Stan Kroenke in the battle to control Arsenal. It only took a decade and countless stories about how the Russian/Uzbek tycoon was preparing to bid for the Premier League club himself. I have pasted one such attempt by Mr Usmanov below:..
Monday, 6 August 2018, 5:58 pm
Betaville wasn't too impressed with Luke Johnson's columns when he first arrived at The Sunday Times several years ago.
However, the entrepreneur, investor and now journalist has managed to turn it around, churning out some real humdingers in recent weeks.
Indeed, this website particularly enjoyed this weekend's cynical piece by Luke on WeWork, the shared co-working space. Below is a link to the column:..
[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].