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.
David Hatcher over at React News is on fire, revealing just now that Capital & Counties is in talks to buy Sammy Tak Lee's stake in Shaftesbury in a move that would pave the way for a £3.1 billion combination of the two retail property giants.
Below is the link to David's scoop:
An investment group founded by Norwegian billionaire hedge fund manager Nicolai Tangen is said to be looking to sell around £300 million of stock in FTSE 100-listed Rolls-Royce through a secondary share sale.
Earlier today rumours whipped round the London market that Rolls-Royce, the aircraft engineering group, was likely to see a major placing - although it wasn't clear whether it was a primary or secondary sale of shares...
Rolls-Royce, the FTSE 100-listed aircraft engine maker, is likely to see a placing of a large chunk of shares.
However, it's not clear whether the placing is a primary or a secondary placing of stock.
People following the situation said Rolls-Royce is working with Morgan Stanley on the deal, which is being carried out by an accelerated book build.
The transaction is likely to be announced imminently, said people following the situation...
So, the Tchenguiz / FirstGroup saga rumbles on although probably not in a way the flamboyant property entrepreneur orginally envisaged.
Below is a link to a piece I wrote for the Mail on Sunday this weekend about how several top brokers - such as IG, GVC's Intertrader and CMC Markets, are chasing down Robbie T for the millions they think he owes them after he was carted out of the stock during the March sell off...
Betaville is removing Marston's from the "cash calls - who is next?" list following last Friday's brewing joint venture deal Carlsberg, which gets the London-listed pub company out of a hole as it will receive £273 million of cash from the transaction...
Hat tip to David Hatcher over at property website React News.
The intrepid hack has just landed a rather good scoop about how Samuel Tak Lee, the Hong Kong-based tycoon who has been stalking Shaftesbury for several years, is looking to offload his 26.5pc shareholding in the property business.
Below is a link to Hacther's scoop:..
So, Tiziana Life Sciences has this morning unveiled the "major corporate activity" Betaville was expecting over the next couple of weeks.
It's a bit earlier than I expected but the top line details are a demerger of StemPrintER. Below is a link to this morning's statement:..
The buzz around Tiziana Life Sciences grows louder.
This is because there is talk circulating the market the company could be involved some major corporate activity over the next couple of weeks.
However, don't expect an imminent takeover bid for the whole business from Exact Sciences Corporation. That seems unlikely for a while, said people following the situation...
Betaville understands Russell Chambers, the rainmaker once dubbed "Tony Blair's favourite banker", is set to finally leave Credit Suisse.
Chambers - who hit the headlines in 2004 inviting Blair onto his yacht off Barbados in 2004 and lending the former British PM his swimming truncks - is preparing to leave the Swiss bank in June, said people with knowledge of the situation...
Hitting the RNS this morning is some fresh news about how a company backed by Mahmud Kamani has signed a deal to distribute some Covid-19 tests being developed by Avacta...
So, Compass has effectively confirmed it IS carrying out a cash call. Below is the link to this morning's statement:
The financial commentariat really did get their knickers in a twist about last week's FT scoop about BT Group holding talks with infrastructure investors about a sale of a stake in Openreach.
But I have done a bit preliminary poking around and it would seem there is one very important question: why was the "denial" issued by Clive Selley, the boss of Openreach, through a memo to employees rather the company's chief executive via an RNS?..
Betaville's UNCOOKED ALERT about Christopher Mills building a stake in Aim-listed property lender Urban Exposure has been confirmed.
Below is a link to an regulatory news announcement from Oryx Internatinal Growth Fund declaring a 3.8pc shareholding in Urban Exposure...
Small cap enthusiasts will be watching to see how shares of Aim-listed Tiziana Life Sciences reacts this morning after its US ADR stock shot up 10pc on Friday evening on large volume.
Last week, Tiziana unveiled the details of a Royal Marseden trial for StemPrintER, its stem cell biology-based genomic tool for the prediction of disease recurrence in breast cancer patients, at the ASCO conference...
Last night's scoop from the FT about BT selling Opeanreach to Macquarie is getting a serious poo-pooing this morning from analysts, hacks and spinners.
Indeed, Jim "Armo" Armitage, City editor of the Evening Standard, pisses on the story from a high height. Below is a link to his column and a follow up "EXCLUSIVE" containing a "denial" in a leaked memo to Opeanreach staff:..
It would appear scribblers at Citigroup have a direct line into Betaville's brain.
On Wednesday evening I wrote in "Cash Calls - who is next? - Part 8" that Stagecoach was to be added to the Cash Calls list. Below is the link:
The Pink 'Un has just published a rather good tale about BT Group starting talks about a sale of Openreach as part of a deal that would value the business at up to £22 billion...
There will be plenty of small cap punters watching Tiziana Life Sciences this morning after it released details of a new study on StemPrintER, its stem cell biology-based genomic tool for the prediction of disease recurrence in breast cancer patients, at the ASCO conference last night.
Below is a link to an interview with Tiziana's chief executive Gabriele Cerrone, who has been working on the test over the last seven years...
There are couple of new additions to the cash call list Betaville has been running over the last few weeks. They are: equipment rental company Ashtead and Stagecoach, the bus and rail operator. Below is the updated list:
1. International Consolidated Airlines Group
2. InterContinental Hotels Group
4. Mitchells & Butlers
7. Provident Financial
8. Travis Perkins..
[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].