Hat tip to Bryce Elder. The FT market reporter who last year broke the story about Warren Buffett and 3G's $140 billion takeover bid for FTSE 100-listed Unilever smoked out another bid this morning. This time the flying Scotsman fleshed out Stobart's £100 million tilt at regional airline Flybe...
Posts tagged: Financial Times
They do say imitation is the sincerest form of flattery. So, Betaville is feeling rather flattered after reading today's City insider column in the venerable Financial Times.
One item in the column, written by senior FT hack Patrick Jenkins, is rather similar to tale about Matthew Greenburgh first aired on Betaville a few days ago. Below are the links:..
Betaville noticed the venerable Financial Times is today taking a pop at charming Crispin Odey, which must be rather galling for the old buffer.
In fact, the FT piece about Crispin's flagship fund losing assets was a rather good scoop by Miles Johnson, one of the best young financial hacks on the circuit.
There is a to the piece below in case you missed the tale and have an FT sub:..
Hat tip to my old Telegraph colleague Harry Wilson, now City editor at The Times, who today landed a rather good scoop about Eric Daniels, chief executive of Lloyds during the bailout, suing his old employer for hundreds of thousands of pounds of unpaid bonuses.
Below is a link to Harry's story, which was splashed across the front page of the The Times business section:..
Credit Suisse has failed to get a Norwegian tycoon's claim thrown out of the High Court court and could be heading for a messy trial with plenty of juicy disclosure.
Court moles have got in touch with Betaville to inform this website that on July 11, 2017 the Honourable Justice Teare dismissed Credit Suisse's attempt to "strike out" with summary judgement Brova's multi-million claim over the Hertsmere House fiasco...
Crispin Odey just can't keep out of the headlines at the moment.
If it's not the terrible performance of his flagship Odey European fund then it's his controversial views on his own investments that keep grabbing attenion of City scribblers (or should I say "typers" these days?)...
Remember Betaville's tale about how Deloitte had got itself in a bit of a pickle after one of its top bean counters publicly criticised the Icebreaker tax avoidance scheme that the firm itself was defending in the British commercial courts?
Click on the link below if you don't:..
There weren't too many M&A scoops in the business sections this weekend but having worked for The Sunday Times, the Mail on Sunday and The Sunday Telegraph I know how some weeks it can be extremely tough digging out humdinger deal jackanories. They are a bit like buses - you wait for ages and then suddenly three come along in one go...
I see freesheet City Am has followed up on little old Betaville's scoopette about Incisive Media, publisher of Investment Week, and its £120 million French deal. Click on the link below if your interested in the story:
A mystery French company has bought Incisive Media's Insight group, publisher of trade well-known City titles such as Risk and the Insurance Post.
Private equity sources said the French company is thought to have agreed a deal with Incisive Media's owners that will see it pay around £120 million for Insight Group...
Two days on and the upper echelons of the financial media world are still picking over the carcass of the failed Kraft Heinz / 3G / Warren Buffett / Unilever deal.
Probably the best newspaper piece out there is the "tick tock" by Arash Massoudi and James Fontanella-Kahn in today's Financial Times. Here is the link in case you haven't read it:..
Take a bow Bryce Elder, stock market reporter over at the Financial Times. The intrepid hack has just landed the M&A scoop of the year, decade or, perhaps, century with his tale this morning about Kraft Heinz's £100 billion plus takeover approach for Unilever. If you follow M&A, I'm sure you have seen the statements.
I suspect rival hacks, such as the Kleinmanator of Sky News or team Bloomborg, will have trouble topping that one. Good luck to them...
Perhaps the FT's Axa / Generali merger rumours were just a load of hot air after all?
Yesterday, Reuters reported that Axa's CEO is "not interested in Generali" although if you read the story carefully the chief executive doesn't quite say what the headline claims.
Anyway, I will let readers decide what they think by providing a link to the Reuters piece below:..
It would appear the venerable Financial Times was barking up roughly the right tree when it aired the rumours about Italian insurance company Generali merging with a rival, possibly French company Axa, earlier this month. In case you don't recall here is the link:
Here is something to liven up a cold January evening. Tucked away at the back of an FT analysis on dealmaking in the insurance industry is a rather intriguing line about how "rumours circulated through last year that two of the big European insurers - Axa and Generali - would try to get together".
That's the first time I have heard of that rumour for a while but perhaps Oliver Ralph, the insurance industry hack at the Financial Times, is/was more plugged in than me...
Hilarious (or ridiculous, perhaps) - the Financial Times is now reporting little old Betaville's AIG/Ascot scoop but attributing the tale as "first reported" by the Wall Street Journal. Here is the link:
I see the most of the British newspaper market reports ran the easyJet bid tale for a second day in a row.
However, the likes of Bryce Elder of the Financial Times and Martin Waller of The Times put a somewhat cynical spin on the jackanory, alluding to the gossip as a "silly season" story that typically come about during the dog days of August...
Last week there were a flurry stories in the British press about how active and succesful the Serious Fraud Office has been recently...
If your interested in the prospects for dealmaking post the Brexit referendum this (click on the link below) piece from FT hacks is worth a read (if you pay for a subscription or can sidestep the paywall).
Old deal stories that haven't made into the public domain yet are clearly becoming super fashionable in the mainstream business press.
Today the venerable Financial Times ran a piece about how a mid-level executive at Apple floated the idea of purchasing Time Warner in a meeting with another mid-level executive. Here is the link to the FT piece:..
Hat tip to Neil Hume over at the Financial Times for landing the final twist in the tale of the sale of Argus Media and congratulations to all the journalists who work at the information service as many will soon become multi-millionaires. Here is the link to Neil's story: