Splashed across the pages of most of today's British newspapers business sections is the latest twist on the battle between FTSE 100-listed energy giant SSE and Elliott, the activist investor led by Paul Singer.
This time Elliott has officially broken cover by going "on the record" about its position and what it wants (for the moment). Below are the links to all the relevant articles:..
Plenty of Fleet Street hacks have jumped on the bear story surrounding The Hut Group, the London-listed e-commerce company also known as THG, in the last few days.
Indeed, the company's problems, including an over 40pc share price collapse over a fortnight, are managing to fill whole front pages and commentary columns this week...
It's been almost eighteen months since Betaville has enjoyed a good old fashioned knees up with fellow hacks (basically alcoholic drinks in a dingy pub in the backstreets of London).
So, it was great to catch up with old colleagues and friends from The Sunday Times and the Mail on Sunday tonight for John "The Ridge" Collingridge's leaving do before he heads of to become head of business at The Guardian...
Chums at the Mail on Sunday dug out a decent tale about top institutional shareholders backing GlaxoSmithKline in its running battle with American hedgie Elliott Management...
Followers of little old Betaville's work might have noticed last weekend's front page business story in the Mail on Sunday's business section about The Analyst's bearish view on Deliveroo. Below is the link in case you missed it:
https://www.thisismoney.co.uk/money/markets/article-9482635/The-Analyst-warns-Deliveroo-dive-40.html..
The confirmations keep on coming for little old Betaville.
This morning FTSE 100-listed Ferguson announced it has struck a deal to sell plumbing merchant Wolseley to Clayton Dubilier & Rice, whose advisers include Sir Terry Leahy, for just over £300 million. Below is the link to the Ferguson statement:..
This morning a consortium of investors led by BlackRock have announced they plan to buy Calisen, the London-listed smart meter company, for £1.4 billion or 261p a share. Below is the link:
The idea of Sir Martin heading stateside for his next deal might have been a curve ball.
In case you don't recall the excellent Alex Lawson noted in the Mail on Sunday's Stockwatch column a few weeks ago that adman dealmaker was over in the US eyeing up deals ahead of Jo Biden becoming president. Below is a link to the Sunday round up piece I wrote on the topic a few weeks ago:..
There are plenty of interesting stories in the British Sunday newspaper sections today, including Neil Craven's piece on the billionaire Issa brothers and their purchase of retail stalwart Asda. Below is the link to Neil's jackanory, which seems to be getting plenty of air time on Twitter this morning:..
The merry-go-round on Britain's Sunday newspaper City desks continues unabated despite these turbulent times.
Betaville understands Jamie "Nimmy" Nimmo, a colleague on the Mail on Sunday's business section, is off to join chums at The Sunday Times as Associate Business Editor...