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.

Banks rows - Greenburgh cited - part 2

Friday, 20 October 2017, 7:25 pm

Court moles have got back in touch with an intriguing twist on the £600 million shareholder action against Lloyds Banking Group, Sir Victor Blank and Eric Daniels over their disastrous acquisition of HBOS at the height of the financial crisis a decade ago.

If one looks at the claimants' opening arguments readers should see certain parts have been redacted.

Betaville wonders (rather unsubtly out loud) why...?..

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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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[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].