THE DAILY BRIEFING

■ FISHY BUSINESS Fishing equipment retailer Angling Direct has snapped up rival Fosters Fishing, a superstore located on the outskirts of Birmingham, for £3m.

■ TASTY TREAT Ingredient manufacturer Treatt said its sales for the full year are expected to be 24pc up on last year. ■ KICKED OFF Companies which describe their products as both ‘novel’ and ‘useful’ when raising cash on crowdfunding website Kickstarter make a quarter less than rivals, according to research.

■ US ADVERTS Social networking giant Facebook yesterday released details of more than 3,000 advertisements bought by Russians to interfere in the US election.

■ TROUBLE AHEAD The owners of troubled German lender Deutsche

Bank are demanding that boss John Cryan speeds up turnaround efforts over the next two quarters.

■ GRAND TITLE A top accountant at PwC, Charles Bowman, 55, has been elected Lord Mayor of the City of London Corporation.

■ ADVICE LINE Spanish asset manager Alantra is joining forces with London business adviser Catalyst in a £30m tie-up. ■ FINANCE DEAL Corporate finance firm Centrus Advisors has bought transport financier MDT. ■ PROFIT WARNING Stock in Nex dropped 5pc yesterday after the broker warned of low profits in its key post-trade arm. ■ CREDIT CHECK Insurer Direct Line has taken a 15pc stake in tenant credit checker Canopy. ■ MOVING ON Dealmaker Marc St John, 59, who was behind the takeovers of Formula One and luxury watch firm Breitling, is leaving private equity house CVC Capital Partners after nearly two decades. ■ NAME CHANGE Danish energy company Dong Energy is changing its name to Orsted. ■ HIGHER POWER London-listed power converter firm XP Power has bought the US-based power supply manufacturer Comdel for £17m. ■ MORE ENERGY Independent energy supplier Utilita Group said its annual turnover has increased by 52pc from £271m to £411m. ■ NEW BOSS Packaging business Macfarlane has appointed Stuart Paterson, 59, as chairman.