THE DAILY BRIEFING
BREXIT BOOST one of Sweden’s biggest banks has outlined plans to expand in the UK in a major vote of confidence in Brexit Britain. Svenska Anders Bouvin, chief executive of
Handelsbanken, said: ‘we can’t see that Brexit will affect the demand for EUROour productsMOVE at all.’ Citigroup
US giant will open an EU hub in Frankfurt in a move that could see up to 200 jobs leave the UK. PROFITS Vernalis HIGH Cold medicine maker said profits will come in higher than expectations following a jump in demand. SALES LIFT Healthcare firm Alliance Pharma’s sales jumped 8pc over the first half of the year, boosted by sales of its scar reduction and age-related vision loss products. METAL Vesuvius BOSS Molten metal engineer has appointed steel industry veteran Patrick Andre as chief executive. TAKEOVER BLOW Broker Panmure Gordon saw shares suspended after a £15.5m takeover by former Barclays boss Bob Diamond and Qatari investment bank, QInvest. TOUGH LOSS NCC Struggling cybersecurity firm made a £53.4m loss despite the demand for protection from hackers. The loss was largely in line with expectations. DEAL BOOST Contract wins with John Lewis and Asda helped voucher software firm Eagle Eye boast rising sales. In the year to the end of June sales were up 71pc to £11.1m from £6.5m the year before. EARNINGS FALL Uncertainty in the run up to the Brexit vote and one- off costs caused profits at investment firm Walker Crips Group to fall to £804,000 in the year to the end of March, from £944,000. GOLD RUN Mali-focused gold miner Hummingbird Resources said its Yanfolila Gold project is progressing well, with first gold due to be poured by the end of 2017. CLOTHES LAUNCH Luxury clothing retailer Brora is launching in John Lewis department stores in Glasgow, Cambridge and Southampton this autumn. STRONG OUTLOOK
giantits full-year Lockheed outlook Martin after has strong Defence raisedF35 second fighter quarterjet sales results. helped Total boost com- its panywith £8.9bn revenuea yearwas £9.7bn, earlier. compared