After this morning's UNCOOKED Alert a charming chap from Bloomberg got in touch to apologise for the mistake in aggregating Betaville content accurately.
And I understand Bloomberg has corrected its story from yesterday, which is very gracious of the global financial media outlet.
So, no hard feelings then from Betaville's end.
Now let's get back to competing for scoops and stories!..
Sanjeev Gupta's advisers at PricewaterhouseCoopers have got in touch with potential acquirers of Liberty Steel's engineering division to formally begin the sale process of the unit.
Now, Betaville realises that perhaps this might be a bit of wrinkle on the running Gupta-Liberty Steel-Greensill-David Cameron story as it had already been flagged up that PWC was carrying out a 'strategic review' of Liberty Steel's engineering division...
Betaville has been watching the goings on at BT Group with interest.
For readers unfamiliar with the situation, the company recently announced Jan Du Plessis, the chairman, was planning to retire but that announcement was swiftly followed up by a scoop from the Kleinmanator of Sky News about how Philip Jansen, BT's chief executive, gave boardroom colleagues an ultimatum over his own future that led to the departure...
Quelle surprise: the Takeover Panel has just announced an auction as a solution to solve the G4S bid battle stalement was on the money.
Below is a link to the announcement of the auction and also my previous article:
Mark, "the Kleinmanator", Kleinman of Sky News picked up a decent scoop overnight about London-listed share registrar Equiniti receiving a 170p a share takeover offer from US-based private equity firm Siris Capital. Below is the link:
https://news.sky.com/story/equiniti-draws-600m-takeover-interest-from-us-buyout-firm-siris-12212757..
Perhaps Betaville was being too optimistic (or, er, pessimistic) by predicting the next wave of cash calls from companies that have already tapped equity investors for capital will take place in early 2021.
In fact, it appears some businesses that have already raised funds from the equity market, such as cruise operator Carnival, are hitting the road again and asking investors for fresh funds...
Hyve Group, the London-listed events and exhibitions company, has finally launched its heavily discounted £120 million rights issue, confirming Betaville's from scoop several weeks ago.
Below is the link to the Hyve Group statement:..
One of Betaville's favourite business commentators today follows the theme I laid out yesterday about Hiscox but probably in a more eloquent style than myself.
I am off course referring to Alistair "acerbic" Osborne, a former boss and colleague from my days at The Daily Telegraph City desk, and his piece in today's The Times about Hiscox's refusal to pay out claims to small and medium-sized businesses. I have pasted the link below:..
Here is a bit of light reading to get you through these troubling times.
Do you remember Betaville's tale about Sir Chris Hohn's denial of the purchase of a north London mansion? I came across the story when I first set up Betaville in 2014. Below is the link to my original piece:..
So, Tiffany's shares leapt almost 14pc last night to $126 after Bloomberg reported LVMH is looking at ways to take advantage of the discount to its £$135 offer price by buying stock in the market. Below is the link to the Bloomie scoop:..