Deal hacks at the Financial Times have just delivered a decent scoop.
According to the venerable Financial Times, Czech billionaire Daniel Kretinsky is preparing a takeover bid for Royal Mail owner International Distributions Services. Below is a link to the FT story:
https://www.ft.com/content/a6f0251b-454b-4aa8-9c16-aee03f0c2e46..
Reports emerged overnight in the Financial Times and Bloomberg that Redbird IMI may now be looking to offload The Daily Telegraph and The Spectator after British parliamentarians moved to block the sale of the titles to the Redbird IMI investment vehicle backed by the United Arab Emirates. Below is a link to the FT piece:..
I see the venerable Financial Times ran a rather complimentary profile piece over the weekend of Margherita Della Valle, Vodafone's newish chief executive. Below is the link:
https://www.ft.com/content/629e8dfe-f680-4697-a309-2786d7eb3d98
Let's just say the timing of the publication of the piece is rather interesting .....
The newspapers' New Year's predictions roll on into New Year's day.
This time it is the FT's turn to wildly speculate about deals that might happen in 2024.
And hacks at the venerable newspaper aren't holding back. Adrienne Klasa, for example, seems to think that Bernard Arnault, the billionaire boss of LVMH, is keen to do another major deal and may be thinking about Switzerland-listed Compagnie Financiere Richemont, the company that owns Cartier...
Hacks at the venerable Financial Times have dug out a good scoop about Entain, the FTSE 100-listed owner of Ladbrokes.
According to the FT, activist hedge funds Sachem Head and Dendur have built sizeable positions in Entain, which has seen its share price underperform since Jette Nygaard-Andersen became chief executive of the business.
They join Eminence Capital, another Wall Street activist, on the Entain register...
Earlier this year it was Standard Chartered but now Abu Dhabi has set it sights on corporate finance firm Lazard.
Well, that's according to a scoop in the venerable Financial Times...
There is right old dust up going on between Matt Moulding, the founder and boss of THG (also known as The Hut Group), and the venerable Financial Times.
Moulding has just gone completely beserk, releasing a lengthy attack on the FT on Linked In, where you get to self-publish i.e. write whatever you like to promote your own agenda. Little old Betaville isn't going to provide the link to his latest rant as it would appear to contain potential libels...
The chief bear has written a powerfully argued opinion piece for the venerable Financial Times.
Carson Block - the founder of Muddy Waters Capital, the deep dive research-driven firm - argues Britain should use Brexit to scrap the short selling disclosure rules that the European Union created following the financial crisis...
So, BlackRock denied yesterday it is looking at Credit Suisse following the report from the Financial Times.
As usual the denial is mealy mouthed because up until the venerable FT revealed BlackRock's interest the giant investment house was looking at some or all of Credit Suisse (BlackRock was "informally" working with bankers from Perella Weinberg to advise on the transaction, according to the Financial Times)...
Hacks at the FT are on a hot streak.
The reporting team have just revealed another twist in the Credit Suisse takeover tale - the mammorth money manager BlackRock, led by Larry Fink, is working a rival takeover bid for the Swiss bank. Below is the link to the mega scoop:
https://www.ft.com/content/6319e205-d688-4521-b048-8d69a2c40847..