Sunday, 21 February 2016

Revealed: Argus Media Group appoints bankers to carry out sale of up to £1 billion - part 4

Tucked away in the news digest of today's The Sunday Times business section is an item about some of the bidders in the running to purchase Argus Media Group, which has been put up for sale by the founder's family.

Singaporean sovereign wealth fund Temasek, and publishers Verisk Analytics, Hearst and IHS are named as potential purchasers that expressed an interest in the commodities news and data provider.

Friday, 19 February 2016

Quelle Surprise: A counterbidder emerges for Home Retail Group

Regular viewers of Tip TV won't be surprised to learn of Steinhoff's 175p a share counter bid for Home Retail Group.

That's because just over 11 days ago I highlighted on the show there were vague rumours doing the rounds about a potential counter offer for Home Retail Group. Here is the link:

Thursday, 18 February 2016

A man and his view...

It's a good to see another one man band provoke a statement from a multi-billion dollar company.

Rob Manalo - a former broker at Jefferies - recently set up shop on his own and today published a note via his newly-established outfit Manolo LLP saying:

Wednesday, 17 February 2016

Village gossip - Sandell Asset Management founder said to be planning to move to the UK

Thomas Sandell, the founder of one Europe's original "event driven" investment firms, could be about   to move old Blighty.

City sources told little Betaville that Sandell has indicated to friends and colleagues he is planning to move to London from New York.

Saturday, 13 February 2016

Village gossip - top British dealmaker quits Canaccord Genuity for Macquarie

So, I alluded to a major departure from Canaccord Genuity last week and now I have finally bottomed out the tale.

I understand Jacques Callaghan, one of the City of London's leading investment bankers, has left the beleaguered Canadian outfit for Australian investment bank Macquarie.

Friday, 12 February 2016

In The Times today: acerbic Alistair on top form; Helge Lund to head BP

It's a bit late in the day but if you have a copy of the The Times and are planning on having a quiet Friday night in then Alistair's Osborne's business comment column is worth a read. Here is a link if you haven't got a copy:

http://www.thetimes.co.uk/tto/business/columnists/alistairosborne/article4688797.ece

Canacord Genuity wields the axe - part 2

Canacord Geniuty appears to have tacitly confirmed my tale from earlier in the week.

In case you missed it, the broker/investment bank released dire 3rd quarter results this morning, announcing there would be a major "restructuring" resulting in job losses in the UK and elsewhere.

Thursday, 11 February 2016

Another day, another multi-billion pharma deal - the series returns!

I have to admit I was surprised to see US generic drugs giant Mylan return for Nordic group Meda given the market turbulence and general carnage in biotech share prices.

Hat tip, though, to the Financial Times for landing the scoop last night about the $9.9 billion takeover deal.

Wednesday, 10 February 2016

Canaccord Genuity wields the axe

Here is a tale to add to the doom and gloom that has descended upon financial markets since the beginning of the year.

It would appear there has been a bit of a cull over at Canaccord Genuity, the Canadian stockbroker that has been gobbling up British brokers in the last couple of years.

Tuesday, 9 February 2016

Top of the market? - part 6

I know I should probably reign in the chest beating but global stock markets are down almost 20pc since last spring's highs, so perhaps my "top of the market" series was useful to readers after all.

And I couldn't help but notice that a company that was taken private at the top of the last bull market (i.e in 2007) is floating just as the stock market (potentially) flirts with its the latest "top".

Dobson to retire from FTSE 100-listed Schroders, according to The Times

It never ceases to amazes me how some of the juiciest City tales end up in the diary.

For example, the lead item in The Times City People diary reveals there is a "whisper" Michael Dobson, the veteran Schroders chief executive, is contemplating retirement and may to step down from the blue-chip, blue-blooded fund manager at the next set of figures.

Friday, 5 February 2016

Mega consortium in trouble?

The "mega" consortium chasing London City Airport might be, well, becoming a bit less "mega".

In case you don't recall, the consortium consists of an unusually large amount of constituents, including Borealis, Ontario's Teachers Pension Fund, AimCo, Hermes and Wren House, Kuwait's sovereign wealth fund. Here is a link to Betaville's original scoop on the "mega" consortium and also HNA's bid:

Thursday, 4 February 2016

HSBC takeaway - part 2

Readers might recall that earlier this week HSBC was quick out of the blocks to boast how it was the "sole" financial advisor to ChemChina on its $43 billion purchase of Sygenta, sending out a release on topic in the early hours of Wednesday morning.

Well, it turns out that might not be the case. According to Bloomberg, some chap called Ze'ev Goldberg was never "far from the side" of ChemChina chairman Ren Jianxin during the heated negotiations with Syngenta.

Wednesday, 3 February 2016

Quelle Surprise: Reuters reports Roche approached Pacific Biosciences about a takeover

Reuters has picked up on another one of my Tip TV stories.

Yesterday, the news agency "broke" the story that Swiss pharma giant Roche had approached Pacific Biosciences about a takeover deal. Here is the link:

HSBC takeaway

Ping! An email arrives from HSBC with the headline:

HSBC sole financial advisor to ChemChina on Syngenta acquisition

Tuesday, 2 February 2016

Mega consortium comes together for London City Airport; China's HNA also rumoured to have submitted first round offer - part 4

There is a good story in the Financial Times this evening about British Airways and London City Airport.

BA is threatening to pull out of London City if the airport is sold for more than £2 billion as it could result in higher charges for the airline, according to the Financial Times. Here is the link:

Quelle Surprise: J Sainsbury agrees 161p a share takeover bid for Home Retail Group

I see J Sainsbury and Home Retail Group have effectively agreed a deal that will see the latter taken out for 161p a share by the FTSE 100 company. Here is the link:

http://www.investegate.co.uk/sainsbury-j--plc--sbry-/rns/possible-offer-for-home-retail-group-plc/201602020704437439N/