Sunday 16 February 2014

Essar Energy scoop sets the agenda

Bloggers have set the agenda for the this weekend's newspapers.

The business sections of both The Times and The Sunday Times splashed on Betaville's Friday afternoon scoop about the billionaire Ruia brothers making an £900m offer for FTSE 250-listed Essar Energy, which was later confirmed on the regulatory news service.

It's a shame The Times and Sunday Times both failed to mention that little old Betaville broke the news but I guess you can't have everything.

Meanwhile, The Sunday Times used Mark Kleinman's scoop about Barclays appointing headhunters to look for a new chairman to replace Sir David Walker as its second main story on the front page of the business section.

Kleinman is an old colleague from my time at the The Daily Telegraph and now City editor - and an extremely prolific blogger - at Sky News.

For all of Betaville's new readers, keep an eye on the site during the week as I am hoping to have a few more deal scoops and witty commentary about anything else I find interesting.

UPDATE: The Essar Global Fund has just offered 70p a share to minority shareholders - this is likely to be considered as "derisory" by British institutional shareholders after the company was floated on the London Stock Exchange in 2010 at 420p!

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