Oliver "Shahsy" Shah has gone big today in his React News column by calling for an £8 billion merger of British Land and Land Securities. Below is a link to the piece by The Sunday Times hack:
Betaville's old pal Oliver, "Shahsy", Shah of the The Sunday Times has churned out another on point column for friends at React News, the specialist property title.
Olly's main point is that there has been plenty of activism this year across several industries - with the likes of SSE, Shell and GlaxoSmithKline all recently tageted - but that the real estate sector has been completely left out...
Rivals at The Times have dedicated a full two pages of their business section to speculate on which FTSE company will be the next target for an activist, such as Edward Bramson of Sherborne.
They touted the likes of Centrica, Unilever and Burberry as possible targets for a corporate agitator. Below is the link to the fill article if you have time to read it:..
There seems to be an awful lot of excitement in the mainstream business press about which companies are going to be promoted to, and demoted from, the FTSE 100 index.
I suppose there are a dearth of corporate stories around given it's the back end of a summer that has also had to contend with a pandemic. So, the latest quarterly reshuffle will help fill some space (and pixels)...
One of Betaville's favourite City writers offered an interesting view on Brookfield's surprise 7pc stakebuild in FTSE 100-listed British Land: "Acerbic" Alistair Osborne, a former Telegraph colleague and chief business commentator at The Times.
So, I have pasted a link to Alistair's piece below should you have a few spare minutes to catch up on the news this weekend:..
Brookfield, the Canadian property and buy-out group, has snapped up a 7.31pc shareholding in British Land, the FTSE 100-listed property giant.
The stakebuilding was announced this morning. Below is the link: