THE DAILY BRIEFING

GREEN DEAL

Australian investment bank Macquarie has completed its purchase of the formerly government-owned Green Investment Bank for £2.3bn. Bosses pledged the fund will remain a leading investor in green infrastructure in the UK and Europe.

STAYING PUT

Richard Howson, who stepped down as chief executive of construction services group Caril

lion last month after shares plunged nearly 60pc following an £845m writedown, will work out his one-year notice as chief operating officer.

FLOAT PLANS

British biotech firm Destiny Pharma is to list on London’s junior stock market as it seeks £10m to develop treatments for superbugs. the Brighton-based company wants to plough the cash into drugs that target bacterial infections in hospitals that are resistant to antibiotics.

BOSS QUITS

Vishal Sikka, the chief executive of Indian tech firm Infosys, has resigned, blaming distractions amid a long-running row with the firm’s founders.

ELECTRIC DREAMS

South Korean car maker Hyundai is planning a major shift towards electric cars. It will launch an electric sedan under its Genesis brand with a range of 310 miles per charge.

AUDIT ROLE

Sausage maker Cranswick has appointed Pricewaterhouse Coopers as its auditor following Ernst & Young’s resignation.

PC PAIN

Chinese computer maker Lenovo has posted its first quarterly loss in almost two years – £56m during the second quarter, compared to £134m profit during the same period last year. It warned of higher costs due to shortages of components such as memory chips.

SALE SORTED

Consumer giant Reckitt Benckiser has sold its food arm, which makes French’s mustard and Frank’s Hot Sauce, to US food company McCormick for £3.3bn.