News That Matters

Tag: eyes

Diamond eyes Tandem in UK retail bank return 

Diamond eyes Tandem in UK retail bank return 

Business
An investment vehicle founded by the former Barclays chief Bob Diamond‎ is weighing a deal that would catapult him back into the British retail banking sector after a five-year absence.Sky News has learnt that Atlas Merchant Capital (AMC) is in discussions about buying a stake in Tandem Money, a financial services app aiming to compete with a plethora of new digital lenders.If completed, it would be another milestone in Mr Diamond's post-Barclays career, and would come months after AMC agreed to acquire Panmure Gordon, the venerable City stockbroker, in conjunction with its existing Qatari shareholders.Mr Diamond is not thought to have taken a meaningful stake in any other UK retail banking franchise since his ousting as Barclays' chief executive in the summer of 2012.Having him invest thr
In Florida, all eyes on Puerto Rican voters after Maria

In Florida, all eyes on Puerto Rican voters after Maria

World
Javier Gonzalez has joined a human tide of more than 130,000 U.S. citizens arriving in Florida since Hurricane Maria wrecked Puerto Rico, grateful for a place to start over but resenting how their island has been treated since the disaster. More than a million Puerto Ricans — about 5 percent of Florida's population — already call the state home, and given the outrage many feel over President Donald Trump's handling of the storm, political observers say this voting bloc could loosen the Republican Party's hold on this battleground state. Gonzalez, 38, saw the storm destroy the restaurant he opened with his father five years ago. Without power or reliable water, he became violently ill from food poisoning for three weeks. Finally, he packed his bags, determined to make his future in Miami i
Twitter shares surge as it eyes first profit

Twitter shares surge as it eyes first profit

Technology
Shares in Twitter have risen sharply after the company said it could be on course to turn its first-ever quarterly profit.Wall Street cheered results for the three months to the end of September that suggested its drive to cut expenses and find new sources of revenue were bearing fruit.Twitter shares have performed woefully since it made its stock market debut in 2013 but they jumped 18% on Thursday as the company looked on the verge of delivering a profitable bottom line.It was the most notable winner on a day when other tech heavyweights - Google owner Alphabet, and Amazon - also posted well-received quarterly results.Twitter has struggled to capitalise on its popularity with public figures such as Donald Trump to attract more users and advertisers away from competitors such as Facebook ...
LVB eyes 25 per cent Casa, five-fold rise in fee income in 2 yrs

LVB eyes 25 per cent Casa, five-fold rise in fee income in 2 yrs

Finance
MUMBAI: Old-generation private sector lender Lakshmi Vilas Bank (LVB), which used to have a low Casa base for long, has turned around the deposit-elephant of late, thanks to separation of the credit function from branches and making them focus on deposit mop-up.Its consistent drive to ramp up deposits has led to a 6 percentage points spike in low-cost Casa (current account/savings account) deposits in the September quarter to 19.34 per cent which as a percentage of total deposits rose to 20.97 per cent from 17.3 a year ago.For the quarter, Casa grew by 32.5 per cent, helping the bank improve its cost-to-income ratio to 48.27 per cent from 51.44 per cent.And the management of the bank, which is also planning to raise Rs 800 crore through a rights issue next month, is sure to retain Casa at ...
China's Great Wall eyes Fiat Chrysler bid

China's Great Wall eyes Fiat Chrysler bid

Business
Chinese carmaker Great Wall Motor is sizing up Fiat Chrysler, producer of Jeep, the classic American off-roader.A Great Wall official told Reuters it had "an intention to acquire" the Italian-American group - the world's seventh-largest car maker.It is not yet entirely clear whether it is interested in the whole company or just the Jeep brand.Earlier reports said Great Wall had asked to meet Fiat executives to discuss buying the off-road make. Jeep, which celebrated its 75th birthday last year, is considered FCA's most marketable brand. Its reputation goes back to World War Two, when Jeeps were used extensively by the US military.Global ambitionsShares in Fiat Chrysler Automobiles jumped 3.5% in Milan on Monday following the news.Yale Zhang, head of Shanghai-based consultancy Automotive Fo...