Apple Card woos users with White titanium bank card

Apple’s first foray into personal finance includes a white platinum bank card with 16-digit numbers. Apple actually wants people to pay for goods using Apple Pay via iPhone or Apple Watch. The card’s hardware is mostly irrelevant as Apple incentivises consumers not to use it, giving 1 per cent cashback on purchases made with the…

Vista sell 50 % of Advanced to BC partners

Vista Equity Partners is selling a 50 per cent stake in Advanced, a UK , Software company whose clients include British Gas, Virgin Atlantic and the NHS for around £2bn including debt to BC Partners which plans to grow the Slough based business  by buying up smaller competitors. The deal comes in the midst of…

The Scottish Government posed to take over Ferguson shipyard

The Scottish government in Edinburgh has said it is “ready and willing” to take on the 116-year-old Ferguson Yard, the last remnant of the Clyde’s once huge civilian shipbuilding sector that is heading for administration. Derek Mackay, finance and economy secretary want to take Ferguson Yard to public ownership as soon as possible. Director of …

Saudi Aramco take 20 per cent in Reliance

The world’s largest oil producer and crude oil exporter has agreed to take a 20 per cent stake of Reliance Industries, the Indian group’s refining and petrochemical business, one of the largest foreign investment in India, the fastest growing energy consumer in the world. “The deal, which values the business at £63bn ($75bn) including debt…

Shanghai Starboard to rival Nasdaq on Wall Street

China’s launch of  a new technology focused stock exchange  to rival Nasdaq on Wall Street has underlined the significance of state funding to the country’s fastest growing tech sector. Of the first 25 companies listed on Shanghai’s Starboard, 14 report state-owned investors  among their top three shareholders . The first 25 listing, which raised $5.3bn,…

Mayfair offices for £64m

Challenger Bank owned by Sanjeev Gupta has invested over £60m in a property in London’s Mayfair whose main tenant is the industrialist’s family business. Wyelands Bank, which was acquired by the Indian-born entrepreneur in 2016, has persuaded customers from traditional high street banks by differing attractive savings rates. Wyelands’ annual results  revealed they paid £64m…

What is this article 370 & Kashmir controversy

  My colleague from US messaged me today and asked “What is this article 370 & Kashmir controversy all newspapers are taking about and why is Pakistan so upset? Will this result in war with Pakistan now?” I told him “ Look, 5 years ago  Facebook acquired Instagram. Isn’t it? Now, If Mark Zuckerberg announces…

Six-legged Roo Labrador-cross named ROO

Eight-week-old Labrador-cross named Too has trouble walking having born with six legs and named after a Kangaroo. Lauren Salmon (33) owner said “When she jumps up on us, she looks like a kangaroo -hence the name. But when she walks  she sort of staggers on her elbows with her bum in the air like an…