I know I should probably reign in the chest beating but global stock markets are down almost 20pc since last spring's highs, so perhaps my "top of the market" series was useful to readers after all...
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. 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.
It never ceases to amazes me how some of the juiciest City tales end up in the diary.
For example, the lead item in The Times City People diary reveals there is a "whisper" Michael Dobson, the veteran Schroders chief executive, is contemplating retirement and may to step down from the blue-chip, blue-blooded fund manager at the next set of figures.
Here is a link to the column:..
It's a Monday, so here is a link to today's Tip TV clip:
The "mega" consortium chasing London City Airport might be, well, becoming a bit less "mega"...
Readers might recall that earlier this week HSBC was quick out of the blocks to boast how it was the "sole" financial advisor to ChemChina on its $43 billion purchase of Sygenta, sending out a release on topic in the early hours of Wednesday morning...
Reuters has picked up on another one of my Tip TV stories.
Yesterday, the news agency "broke" the story that Swiss pharma giant Roche had approached Pacific Biosciences about a takeover deal. Here is the link:
Ping! An email arrives from HSBC with the headline:
Mega consortium comes together for London City Airport; China's HNA also rumoured to have submitted first round offer - part 4
There is a good story in the Financial Times this evening about British Airways and London City Airport...
I see J Sainsbury and Home Retail Group have effectively agreed a deal that will see the latter taken out for 161p a share by the FTSE 100 company. Here is the link:..
Zak was in the chair today, probing me about Betaville and M&A.
Here is a link to today's clip:
Weekend review on Sky, Home Retail Group, J Sainsbury, Slater & Gordon, Royal Dutch Shell and BG Group.
There is plenty to reflect on in the British business press this weekend...
Quelle Surprise: Reuters reveals Brookfield is weighing $30 billion takeover of General Growth Properties
I would have done this post earlier but I have been sidetracked by, well, general larking about, including a jolly nice lunch with an old contact at Richard Caring's The Ivy, where I spotted Tory party supremo Lord Feldman chowing down...
It's good to see little old Betaville's RARE story about Reckitt Benckiser followed up in the British stock market reports this morning...
Should I be surprised how these random Twitter rumours get out of control? Probably not...
It still never ceases to amaze me how quickly stocks fall in and out of fashion with investors, traders and market participants.
Indeed, the healthcare/ biotech sector has taken another serious pasting today following worse-than-expected figures from Roche, the Swiss pharmaceutical giant. So, AstraZeneca is down 3pc today while Shire has fallen almost 5pc.
However, there is one stock that has quiet literally reversed a rout of its share price: MySQUAR...
Here's an interesting Tweet from Open Outcrier:..
If there is one thing that really irritates me it's being beaten to the punch by rival hacks on a story I had spent several days trying to stand up.
Yes, that does occasionally happen to me.
And yesterday was particularly galling as I was just about publish a piece about how the Novum takeover had run into difficulties when hacks and hackettes at the Financial Times released their version of the jackanory. Here is a link to their piece:..
I see Royal Dutch Shell's £35 billion purchase of BG Group has been approved by over 80pc of the Anglo Dutch company's shareholders.
So I guess the Telegraph's recent scaremongering about the deal collapsing, led by Jupiter fund manager Ian McVeigh, was just, err, scaremongering......
Back on Tip TV talking about GlaxoSmithKline, Home Retail Group and General Growth Properties - part 2
There is an interesting piece in the The Times this morning about J Sainsbury's submitting a revised offer for Home Retail Group (I would paste the link but it doesn't seem to work).
The piece, written by my old boss Richard Fletcher, sort of echoes some of the things I talked about on Tip TV earlier in the week...
I have been wondering what happened to the Ed's Easy Diner sale process since I wrote my last piece about a potential deal "moving closer to completion". Here is a link to that article in case you haven't seen it:
[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].