THE DAILY BRIEFING

LOAN DENIAL Eurozone lenders are ‘in denial’ about their problems with unpaid loans, a senior figure in the European Central Bank has said. Daniele Nouy said more needed to be done to tackle the problem.

DELIVERY PROBE Food delivery business Just Eat’s takeover of rival Hungryhouse is being investigated over fears it could lead to a worse deal for restaurants.

Both companies run home delivery services, but the Competition and Markets Authority is concerned the £200m tie-up could reduce competition. Just Eat welcomed the probe. SALES UP Newspaper publisher Jh Johnstont PressP posted a 0.2pc rise in sales amid challenging conditions for regional newspapers. Sales – excluding the i newspaper – were down 12pc from the beginning of January to April 30. Digital advertising sales, however, were up 10pc. SUITS BOOST Sales at suitmaker Moss Bros increased 3.7pc in the 15 weeks to May 13 compared to the year before. But tough retail conditions meant the retailer was forced to reintroduce its mid-season sale. RENTAL RISE Landlord Grainger has booked a solid rise in profits thanks to a robust demand for rented homes. Profits were 13pc higher, at £36.6m, in the six months to the end of March compared to last year. TEXAN LIFT Software experts Ultra Electronics’ sensors business in Texas has been approved by the aerospace industry after receiving the AS9100 registration. DRINKS DIRECTOR Magners cider maker C&C Group has hired Geoffrey Hemphill, 43, a former Guinness family office partner, as a non-executive director. NEW NAME Insurer JRP has changed its name to Just Group –a year after changing it from Just Retirement Group. OIL RUSH North Africa-focused SDX Energy says revenues have nearly quadrupled from £1.6m to £6.2m over the past year.