THE DAILY BRIEFING

PETROFAC MOVE Oil services firm Petrofac has set up a compliance and ethics committee after being dragged into a corruption probe by the Serious Fraud Office. It will look at Petrofac’s standards for the prevention of bribery and corruption, as well as its ethical, social, and regulatory risk policy. PREMIER ROLE The owner of Mr Kipling cakes and Bisto gravy has appointed ex- chairman of Tullett Prebon, Keith Hamill, to the board of Premier Foods, as chairman. ICELAND DEAL Frozen food retailer Iceland has signed a new 12month contract with video parenting website ChannelMum. com whose bloggers will share Icelandbranded videos on the website. ■ CCAPA SWOOP Bonding product maker Scapa Group has bought US rival Markel Industries for £7.7m. FRUITO SWITCH Global food giant Unilever has snapped up Australian ice cream company Weis, renowned locally for its Fruito bar. TURBINE SALE Wind turbine technology maker Windar Photon

ics has secured a key deal in the US to sell nine of its WindEYE sensors, which are used to increase energy production at wind turbine generators by around 1-3pc annually. SCOTT FREE Philip Scott steps down as a non-executive director at drinks giant Diageo next month. PALMER LOSES Charles Palmer, 50, boss of former advice firms Financial Limited and Investments Limited has failed to overturn a City watchdog ban which stops him running finance companies. STAKE SOLD Goldman Sachs has sold off its stake in insurer Rothesay Life. HOMES TALLY Developers registered 40,343 homes to build during the second quarter of 2017 – 1pc down on the same period last year. RIVAL BOUGHT British cloud computing firm Cloudreach has snapped up US rival Emerging Technology Advisors to boost its expertise in migrating corporations to the cloud. SPECIALIST TARGETED Leedsbased regenerative medicine firm

Tissue Regenix Group has bought US specialist in bone healing Cellright Technologies, to tap into a market said to be worth £1.3bn.