Hat tip to Russell Lynch over The Evening Standard who just delivered a brilliant scoop about ICAP and Tullett Prebon holding merger talks of their broking businesses. Here are links to Russell's story and also the confirmation:..
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.
Here is a random thought for the day...
I should have mentioned this piece from the Financial Times - http://www.ft.com/cms/s/0/3a26241c-81b0-11e5-8095-ed1a37d1e096.html#axzz3qQcDFYoP - in my earlier post...
I thought I would do a little newspaper review on a Tuesday as there were plenty of brilliant stories knocking about in the British business sections today...
Here is a link to today's Tip TV clip with the mixmaster Moose (AKA Nick Batsford).
I take a lot of stick from readers, rival hacks and viewers of Tip TV when I talk about some of the more speculative bid stories towards the end of my segment...
I guess it was worth raising the flag pole over the latest British American Tobacco for Imperial Tobacco rumour given the recent UK press coverage...
There weren't too many deal scoops in the Sunday newspapers this weekend. But that's the way it goes in UK M&A journalism; sometimes reporters get a flurry of mega exclusives and then things dry up for a while. ..
Anyone heard the one about British American Tobacco going for Imperial Tobacco?
I have to admit I relished reading the stock market report in the The Times today as it was written by the deputy city editor, Simon English. Here is a link:..
Yes - you read the headline correctly.
When you wake up this morning, you might want to check out this cracking tale from the venerable Wall Street Journal:
I see uber fund manager Neil Woodford, of Woodford Investment Management, has increased his stake in FTSE 250-listed Allied Minds to 28.03pc - as predicted/suggested by little old Betaville a few weeks ago...
Regular readers of this blog know that I like to hang around some of London's courts as it's a great place to pick up tales about dusts ups that involve City characters, institutions and dealmakers.
And one court that has proved to be a particularly fertile environment for City hacks is Southwark Crown Court. In fact, there has rarely been a day over the last couple of months that the allegations being heard at Southwark haven't featured in British national newspapers. ..
Sorry for the delay but here is a link to this morning's session on Tip TV.
A high-level Saudi Arabian diplomat has taken Credit Suisse and the mystery Irish property developer Tom Ryan to London's commercial courts after allegedly providing around £25 million to build a 74-storey residential skyscraper in Canary Wharf, London's financial district...
mmmm - just had an interesting conversation with a "person familiar with the matter" who claims Aberdeen is "not in talks with anyone" about a sale to a rival.
That's bit of a non-denial, off-the-record denial (so not much of a denial, I guess) but the person also insists Aberdeen hasn't approached any rivals about a sale of the business.
So, I'm not quite sure what to make of the FT's scoop...
The Financial Times has just pumped out this rather good - if it turns out to be true - tale about Aberdeen Asset Management approaching potential buyers about a sale of the fund giant.
Simon English's business commentary column in The Times had me in stitches this morning, particularly the final item about "flawed rugby tactic".
English, deputy city editor of The Times, is almost as witty, acerbic and incisive as his colleague Alistair Osborne, a former boss of mine during my time at The Daily Telegraph, and currently chief business commentator of The Times.
So, I have done some digging into Kleinman's tale from last week about China Media Capital backing Stephen Ross's takeover of Formula One. If you missed that story, here it is:..
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