Apologies I wasn't able to do Tip TV this morning. I was returning from the Basque country, where I spent the weekend scoffing delicious dishes, such as cod omelette, and quaffing local cider, wine and beer.
In fact, if you like consuming food and wine/cider/beer and enjoy beautiful cities, I highly recommend visiting this north east corner of Spain and south west corner of France.
Anyway, moving on - I see the summer M&A boom continues unabated, with Warren Buffett carrying out the $37 billion purchase of Precision Castparts. The transaction is one of the legendary's dealmaker's largest ever deals.
In the London market, it would appear the chaps over FT Alphaville's markets live have knocked off for the rest of August.
Don't worry, though, Betaville will be running throughout August, attempting to the do the usual: such as digging up scoops about takeover deals; highlighting well-founded speculation about upcoming corporate events; uncovering rows between some of the City's most buccaneering entrepreneurs and financial institutions; producing witty insights; and cracking (bad?) jokes (mostly about myself).
So, as part of attempting to do all of the above, I thought I would point out that the "pre-event" speculators have fixed their gaze on Stobart Group - although to be clear I have no idea why. I'm sure, though, we will find out soon enough...
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