Posts tagged: Brexit

Is the tide turning for Odey the Brexiteer? - Part 42

Thursday, 5 November 2020, 2:45 pm

So farewell Crispin Odey, who is stepping down from the eponymous investment firm he founded almost three decades ago.

That seemed to be the line most of the national press focused on when it was announced earlier this week. And I guess it's not too surprising given the somewhat erractic performance of his Odey European Fund over the last decade and other, erm, issues...

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Dealmaking, Brexit and the Rugby World Cup...

Wednesday, 25 September 2019, 9:44 pm

Typically, autumn is when the City of London roars back into life as corporates, bankers and investors look to roll out flotations, fundraisings, mergers and takeover battles (think back to the Sky auction last year as a good example).

But it is unusually quiet in the London market. Bankers are blaming the uncertainty caused by the histrionics of parliamentarians around the Brexit deadline of October 31st...

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Allied Glass on the block for up to £180 million - sources

Tuesday, 3 September 2019, 7:03 am

Who says the political crisis driven by Brexit is holding up dealmaking in the City of London?

City sources said Allied Glass - which makes bottles for Diageo whisky such as The Macallan, Grant’s and Balvenie – has been put on the market by CBPE, a private equity firm.

Bankers from Baird have been appointed to find a buyer willing to pay around £180 million for Allied Glass...

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Brexit...who cares, say French Canadians - Part 2

Thursday, 11 April 2019, 9:31 am

There is an old saying in (British) journalism: "three makes a trend".

I guess, then, we are half way there when it comes to the French Canadians and British businesses.

Several week's ago Saputo - based in Montreal, Canada - paid £1 billion for London-listed cheesemaker Dairy Crest.

And yesterday it emerged Garda World, whose headquarters are also in Montreal, is weighing a £3 billion takeover of accident-prone security company G4S...

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CCP...

Wednesday, 3 April 2019, 10:16 pm

Readers will be more than aware of plans by the City of London's banks, brokers and investment funds to accommodate for Brexit.

Indeed, some of the City's traders and bankers have already been shifted to Paris and Frankfurt with others on standby to move in the event of a hard or disordely Brexit.

But now there is a new plan whipping around the market dubbed "CCP", which is also known as the "Corbyn Contigency Plan"...

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UK dealmaking in the doldrums because of Brexit - perhaps not...

Wednesday, 19 December 2018, 1:19 pm

Typical!

Betaville was just in the process of liasing with one of the institutional data providers for the deals numbers for this quarter to prove my own theory that the volume of announced public transactions had fallen off cliff for this period compared to previous years when: boom - Pfizer and GlaxoSmithKline announce a £10billion merger of their respective consumer healthcare businesses. Below is a link to the news:..

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The bank scoop, the intrepid hack and the old team...

Wednesday, 7 November 2018, 8:47 am

Harry Wilson, City Editor of The Times, dug out a cracking scoop yesterday (or most likely the day before but it only appeared in print in yesterday's edition).

The intrepid hack discovered that Aaron Banks - the insurance "tycoon" and under fire funder of the Leave.EU campaign - had asked Oakwell Capital to find a buyer for his 29.1pc stake in Manx Financial Group, the Isle of Man's largest lender. Below is a link to Harry's piece:..

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Is the tide turning for Odey the Brexiteer? - part 35

Thursday, 25 October 2018, 9:55 am

Wow - a year really can make a difference in hedge fund investing.

Crispin Odey's flagship was up 38pc as of the end of September, according to the latest HSBC ranking of top European hedge funds.

That means the old buffer is more than likely to finish the year as the top performing European hedgie in Europe...

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SportsREdirect...

Thursday, 23 August 2018, 10:36 pm

Are you bored waking up every morning to pages and pages of Brexit coverage about essentially the same issues and arguments that have been aired since the referendum?

Are you fed up with the lack of hard corporate news?

Is the recent bout of media navel gazing about the state of (my) industry driving you up the wall?

Well, it is August after all so something has to fill the pages.....

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