THE DAILY BRIEFING

SHOE FITS Timpson said dry weather has meant shoes require fewer repairs. But fashion cycles and warm weather did not stop Offerhappy, the business behind the High Street cobbler and locksmith, posting a £10m revenue boost to £205m. Profits were up £5m to £20.1m in the year to October 1.

BOSS EXITS Majestic Wine said John Colley, managing director of Majestic Retail, is leaving. Colley is taking over as boss of arts and crafts retailer Hobbycraft. Shares grew 3.9pc or 14.25p to 376p.

WEATHER BOOST Warm weather drove sales at John Lewis Partnership. Sales in Waitrose were up 7.6pc to £ 133.57m, while John Lewis reported a 3.5pc boost to £81.9m. Sales of burgers and coal rose by 33pc and 200pc respectively, while Pimms jumped 232pc.

NEW LEVEL More than 100,000 tickets have been sold on British Airways’ low- cost airline. Level, launched by BA owner IAG, has also had more than 700,000 hits on its website since take-off on March 17.

ADVISOR FLOAT Company sales advisor K3 Capital Group has listed on the AIM market. The firm matches sellers of small businesses to possible buyers. Shares closed at 110.5p on their first day of trading.

PLAN APPEAL Oil and gas explorer Egdon Resources is appealing against Lincolnshire County Council’s decision in January to refuse permission for the development of the Wressle oil field. Shares were up 2.6pc or 0.25p to 9.75p.

PEDAL POWER Dutch bicycle firm Pon Holdings has made an offer for rival Accell Group. Pon’s bid values Accell at £720m and the deal would see a number of well known brands, such as Raleigh and Gazelle, come under one roof.

OIL PAYMENT Oil and gas company Genel Energy and its partners have received a payment of £21.6m from the Kurdistan Regional Government for oil sales at its Taq Taq field in the region during January 2017. Shares climbed 5.6pc or 4.25p to 80.25p.

HEALTHY BOOST Shares in Fitbug jumped more than 23pc yesterday after the group now trading as Kin Wellness announced a key contract had been renewed.