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.

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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Confirmations, confirmations and more confirmations...

Friday, 22 September 2017, 4:00 pm

Betaville is in a particularly good mood today because this week has seen several of this website's scoops and scoopettes confirmed by the companies involved.

First of - Aim-listed Rose Petroleum this morning confirmed yesterday's RARE Alert about the company's fundraising. I have pasted the link to the RNS statement below:..

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RARE ALERT: Rose Petroleum said to plot multi-million pound equity fundraising

Thursday, 21 September 2017, 3:13 pm

There aren't too many new M&A deals knocking around the UK at the moment but here is a bit of RARE about a little equity fundraising taking place on the AIM market.

Rose Petroleum is working on an equity fundraising of up to £3 million, according to sources claiming to be familiar with the matter.

These sources said Rose Petroleum - which has an oil and gas project in Utah, the US - is looking to raise between £2 million and £3 million at around 4p a share...

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The Morgan Grenfell get together...

Wednesday, 20 September 2017, 5:21 pm

Younger readers might not remember Morgan Grenfell. It was one of the City of London's oldest and most influential investment bankers until it was bought by Deutsche Bank in the late 1980's for almost $1.5 billion.

Unsurprisingly, most of Morgan Grenfell's top bankers - such as Simon Mckenzie-Smith, who was once enticed into a game of spoof with Sports Direct boss Mike Ashley to settle Merrill Lynch's bill - left soon after it was gobbled up by the Germans...

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Betaville Intelligence

RARE ALERT: William Hill said to ... - part 2

Friday, 15 September 2017, 9:04 am

Hat tip to Dom Walsh over at The Times for managing to needle out a genuinly interesting "new" line out of Kenny Alexander, the boss of acquisitive gaming group GVC, about potential merger talks with rivals after the regulatory review of sector.

In today's City people column in the The Times Dom reveals that, other than Ladbrokes Coral, GVC also has an interest in a potential combination with William Hill. Here is the link:..

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Credit Suisse hires Telegraph Media Group's business supremo...

Thursday, 14 September 2017, 12:16 pm

The journo/PR world has been trying to work out where James Quinn, head of the business section at my former employer The Daily Telegraph, was heading off to since he announced his departure on Twitter a couple of weeks ago.

Well, Betaville can reveal James Quinn - a jolly nice chap and former colleague during my time at the venerable newspaper - is joining Credit Suisse...

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Wizz Air - another share sale/placing from Indigo/Bill Franke on the way?...

Wednesday, 13 September 2017, 7:21 am

Last week, Tony Pidgley and a bunch of other Berkeley Group directors sold £45 million worth of shares in the London-focused housebuilder. And yesterday, Redrow founder Steve Morgan slotted 25.9 million shares or 7pc of the company to raise £153 million.

Who can blame them as markets/ equities prices are once again flirting with all time highs...

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Tags: Wizz Air

[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].