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 ben@betaville.co.uk. 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.

Betaville Intelligence

RARE ALERT: Capital & Counties said to ... part 11

Tuesday, 5 November 2019, 2:25 pm

So, it would appear Saudi Arabia's Public Investment Fund isn't involved in Nick Candy's £2.3 billion takeover bid for Capital & Counties after all.

According to some sources familiar with the matter, the Saudi Arabian ambassador to the United Kingdom has just written to the residents of Gibbs Green and West Kensington to let them know that "I have been informed there is no involvment from the Saudi Public Investment Fund"...

Read more...

Betaville Intelligence

RARE ALERT: Capital & Counties said to ... part 10

Monday, 4 November 2019, 6:00 pm

Is Nick Candy planning to turn the former exhibition centre at Earls Court into a new stadium for Chelsea Football Club?

The reason I posit this question is because reliable sources have been in touch with Betaville claiming the well-known developer was looking at such a plan several years ago when he first started examining a takeover bid of Capital & Counties...

Read more...

Ratcliffe sniffed around Independent Oil & Gas's debt - sources

Thursday, 31 October 2019, 5:28 pm

Sir Jim Ratcliffe has been sniffing around Independent Oil & Gas's debt.

People familiar with the situation said Ineos, Sir Jim's chemicals company, bid on Independent Oil and Gas's bonds before the North Sea oil explorer decided to repay some of the non-convertible debt held by failed outfit London Oil and Gas, which is associated with controversial City firm London Capital & Finance...

Read more...

Metro Bank calls the ... Police!

Friday, 25 October 2019, 11:04 am

Betaville always enjoys catching up with old colleagues as there is nothing like hack camaraderie down the pub.

Aside from the top banter Betaville did also glean some decent advice from fellow journos about how to run a story that involves a random punter making some pretty defamatory allegations on a video clip about Metro Bank, which has had a few issues lately...

Read more...

Betaville Intelligence

UNCOOKED ALERT: Microsoft said to ...

Thursday, 24 October 2019, 4:31 pm

Microsoft and Alphabet have both been tipped as potential acquirers of wearable device maker Fitbit amid talk it has appointed an adviser to run a strategic review.

People following the situation said they had heard rumours Alphabet, the owner of Google, and Microsoft are both in the running to buy Fitbit...

Read more...

Tags: Microsoft
Betaville Intelligence

RARE ALERT: Avacta Group said to be working on £7 million equity fundraising

Friday, 18 October 2019, 8:48 am

Avacta Group, the Aim-listed biotechnology company, is close to announcing a multi-million pound equity fundraising.

Sources familiar with the matter said Avacta is tapping up investors for up to £7 million, possibly via a placing.

It's believed Avacta is looking to raise the new capital at around 15p a share, said sources familiar with the matter...

Read more...

Griffiths builds big stake in Telit Communications...

Thursday, 17 October 2019, 8:36 am

Is the end game for colourful Telit Communications fast approaching?

Well, there has been talk about interest in a combination with Canada's Sierra Wireless for the last twelve months but so far no formal confirmation has emerged.

Meanwhile, Telit's shareholder register becomes increasingly eclectic, with Richard Griffiths recently declaring he now has a stake of 7.5pc in the "Internet of Things" chip company. Below is the link:..

Read more...

[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].