THE DAILY BRIEFING

PREMIUM DEAL Insurer RSA wrote £1.7bn of premiums in the first three months of the year, up 14pc on the same period last year.

However, it took a £40m hit from changes to compensation rules.

EU NO City finance bosses have hit back at a European Union power grab for London’s lucrative euro clearing market, which recommended tighter controls on locations for doing business.

WAGES SHIFT Salaries have increased by more than 7pc in some parts of the UK in the past year, although they have fallen by more than 11pc in other locations, research by jobs site CV-Library reveals. Advertised pay was 7.6pc more in Bristol last month compared with a year ago, but 11.9pc lower in Portsmouth. Wages in London increased by 0.1pc.

ADVERT LOSS Print advertising revenues at Trinity Mirror have fallen by almost a fifth for the four months up to April 30. Group revenue was down 16pc.

COURIER STRIKE Workers at delivery firm DHL’s warehouses in South Yorkshire and Nottinghamshire are to stage a series of strikes over pay and jobs. Unite members are protesting at the closure of a site in Harworth and a 1.25pc pay offer.

NEW BOSS The chief of West Bromwich Building Society has been made chairman of the Build

ing Societies Association. Jonathan Westhoff replaces Dick Jenkins, of Bath Building Society, who had held the post since November 2015. DRINK DOWN Pubs firm Punch Taverns posted a loss of £174m before tax in the first half of 2017. The loss included £198m of non-underlying charges, largely because of write-downs ahead of sale of the group that is expected to complete by the end of August.

AGENCY SAVED One of the world’s oldest estate agents, London-based Cluttons, has been saved from collapse – but 300 members of its pension scheme look set to lose out while 19 jobs will be lost. PAY OFF French bank Societe Generale has handed over £780m to end a legal dispute with Libya over alleged bribery and corruption from 2007 to 2009.

SHELL SHOCK Profits at Shell jumped to £2.9bn during the first quarter of 2017 – 142pc more than the same time last year.