THE DAILY BRIEFING
CLEARING CONTROL The European Central Bank is planning to tighten its grip on London’s huge euro-clearing business after Brexit, fuelling fears the City could to lose out on the multi-billion-pound market – currently dominated by firms such as LCH.
NUCLEAR LOSSES Japanese giant Toshiba, which is behind a planned £10bn nuclear plant in Cumbria, expects to post a loss of £7bn for the year to the end of March, compared to an earlier estimate of £6.7bn.
AMBER WARNING Hurricane Energy’s ‘poor handling’ of a recent fundraising was blamed for an 18pc slump in the share price of Neil Woodford’s activist fund Crystal Amber since May. Nearly 30pc of its investments are tied up in the oil explorer.
POSTER BOY David Stoller is retiring in September as executive chairman of reach4entertainment, the firm that makes theatre poster adverts seen on the Tube and buses.
STRONG BANKS Wall Street banks have enough cash to cope with a major recession, according to the US Federal Reserve after it stress tested 34 firms.
PIRATE FIGHT Maritime products firm SRT Marine Systems has won a United Nations contract to provide technology to help fight piracy and illegal fishing in Somalia.
SHARE DEAL Peter George, founding chief executive of Clinigen, has bagged £3.4m by selling 500,000 shares in the pharma group.
SALES SLUMP Tech giant BlackBerry has reported falling sales for the first quarter as its attempted revival falters. The former smartphone maker posted sales of £184m in the period, down from £314m in the same quarter last year.
ZONE GROWS The eurozone economy looks set for growth of 0.7pc in the second quarter, according to IHS Markit.