Quelle Surprise: Chinese group emerges as stake builder in Imagination Technologies
I see Imagination Technologies has just disclosed that Chinese outfit Tsinghua Unigroup International has bought a 3pc stake in the chip designer...
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I see Imagination Technologies has just disclosed that Chinese outfit Tsinghua Unigroup International has bought a 3pc stake in the chip designer...
There weren't many large cap M&A scoops in the Sunday business sections this weekend but I guess that's to be expected in the run up to the Brexit referendum. ..
Is that Benji Martin sitting alongside Sir Richard Branson (see below)?
Well, if it is I take my hat off to the top Telegraph reporter because I have to admit, I can't say I ever got to appear in a public picture with such a powerful business person during my 8-year career on the paper.
..
Here are a couple of retail industry snippets I stumbled across whilst galavanting around the City (of London) today looking for stories...
Market punters that like to bet on the next takeover deal are likely to be experiencing burnt fingers for the second time in a week...
Ping! An email arrives with the latest Odey Asset Management investor letter...
It's been another tricky weekend for Sir Philip Green. In fact, the boisterous billionaire's reputation took a serious battering in the UK business press throughout the whole of last week following the confirmation of the BHS administration...
Readers might be wondering what has happened to the potential bid for London-listed BBA Aviation that I wrote about a couple of months ago...
Little old Betaville was somewhat wary of the Restaurant Group bid rumours going round the market in recent weeks.
So, I purposefully decided against airing the gossip on little old Betaville or elsewhere and now I'm rather glad that I didn't as the company has just issued another profit warning, sending the stock 20pc lower this morning.
Still, I'm sure there are plenty of burnt fingers out there.....
There is some big news out this morning in the pharma/biotech world.
French drugmaker Sanofi has finally confirmed it's interest in purchasing US biotech Medivation - the Medivation takeover rumours were first aired on Tip TV a couple of months ago. Here is the link:
https://www.youtube.com/watch?v=ykvdv1pbH1c..
Remember the tabloid tale from a few weeks back about the gold plated supercars? In case you don't, here is the link:..
I see Quob Park Estate, Rob Terry's investment vehicle, has this morning confirmed by tale from yesterday, disclosing on the RNS that he now owns 8.67pc of software consulting company Imaginatik. Here is the link:
http://www.investegate.co.uk/imaginatik-plc--imtk-/rns/holding-s--in-company/201604270904094898W/..
Dom Walsh's piece on the Tui Hotelbeds auction caught my eye this morning...
Rob Terry is boosting his stake in Imaginatik, the AIM-listed "full service innovation company" (whatever that means)...
It's a Monday, so here is a link to today's Tip TV session.
Deal watchers looking for the next big FTSE 100 deal should read Ian King's excellent column in today's The Times...
Olly Shah, of The Sunday Times, and Neil Craven, of the Mail on Sunday, appear to be leading the coverage on this weekend's major business story - the potential collapse of department store chain BHS.
Here are links to their pieces:
http://www.thesundaytimes.co.uk/sto/business/article1689789.ece?CMP=OTH-gnws-standard-2016_04_23..
And now the heavyweight wire services are battling it among themselves with non-denial, denial stories.
Yesterday Bloomberg revealed that:
http://www.bloomberg.com/news/articles/2016-04-21/safran-said-to-weigh-bid-for-zodiac-in-french-aerospace-tie-up..
Today's wire reports out of Switzerland made me chuckle.
Apparently, Jean-Paul Clozel, chief executive of Actelion, told Reuters that "there's been absolutely no offer" to takeover the company.
Meanwhile, Bloomberg said "Actelion isn't fending off any takeover approaches, days after a media report cited the drugmaker as possible target for Sanofi or Johnson & Johnson."..
[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].