THE DAILY BRIEFING

INVESTOR WINDFALL share■ buyback is expectedA £1.5bnto be announced by HSBC as it begins to run down its cash stockpile. ■ HOME SALE Private healthcare firm Bupa is on the verge of selling 150 of its care homes to Hc-one for £450m. The deal would create the UK’s biggest care home chain. ■ FIELD DEAL Oil giant BP could be about to sell more fields in the North Sea to smaller rivals as part of its battle to drive down costs. ■ FOREIGN NEWS A 30pc stake in the Independent news website has been bought by Saudi Arabian investor Mohamed Abuljadayel. Owner Independent Digital News And Media plans to expand with Urdu and Arabic versions. ■ BRAND SAVIOUR Taxi app Uber has brought in Bozoma Saint John, 40, a former marketing executive at Apple, to repair its battered reputation.

■ U.S. TAKEOVER Bosses at engineering firm CH2M could snap up multi-million-pound payouts in an imminent takeover by a US rival. Ch2M, which is involved in major UK infrastructure projects, including hS2, is set to be bought by Jacobs engineering for £1.1bn. ■ PENSION WOE The Universities Superannuation Scheme has been named as having the UK’s biggest pension deficit – at £17.5bn. ■ GOING UP Troubled building and support services group Carillion has been reassuring partners its financial woes do not threaten construction projects. The British firm reported a shock profit warning earlier this month which wiped almost £600m off its value.