THE DAILY BRIEFING

EX-SPY APPOINTED Specialist insurer Hiscox has recruited the former boss of GCHQ as it looks to keep pace with the world’s biggest cyber threats. Robert Hannigan, exdirector of Britain’s biggest intelligence agency, will be a special adviser on cyber security.

ASTHMA SUCCESS A three-inone inhaler created by British pharmaceuticals giant GlaxoSmithKline has showed promising results in a trial. The drug maker hopes Trelegy could become a big seller to replace its older lung drug, Advair.

BABY GLITCH A technical glitch caused Amazon customers to receive emails saying people had bought gifts from their baby registries – even when they didn’t have one. The internet retailer yesterday said it had contacted affected customers and apologised.

CHINA OPENING Aircraft maker Airbus has opened its new A330 completion centre in China, where cabins are fitted, planes painted and checked by customers.

CHAIRMAN LEAVES The European chairman of investment giant BNY Mellon Michael Cole-Fontayn is quitting in December after more than 30 years with the company.

JUMPING SHIP John Worth, finance boss at beleaguered Co-op Bank, is leaving after just a year, to be replaced by the lender’s chief restructuring officer Tom Wood.

FUND ORDER Money managers who look after workplace pension funds will be forced by the Financial Conduct Authority watchdog to disclose hidden fees from January.

SWITCHING OFF Ashley Mackenzie, the son of former Sun editor Kelvin Mackenzie, has stepped down as a director of digital broadcaster Brave Bison.

ZEN SWOOP Steel magnate Sanjeev Gupta’s GFG Alliance has bought a majority stake in Australian energy company Zen.

SOLAR PROJECT Renewable energy investor Quercus is building a solar plant in Iran which will be one of the largest in the world.

FINANCE ROLE Insurance broker UIB has made Keith Gribben its finance chief.

PUBLISHER QUITS Deborah White has resigned as the chief executive of the media publishing firm Milestone.