THE DAILY BRIEFING

■ SUPPLIES TAKEOVER Medical supplies firm Smith & Nephew has reached a deal to buy Rotation Medical, which makes shoulder tissue technologies, for £94.8m. ■ SETTLED CLAIMS Australian lender ANZ Bank has settled with the country’s finance watchdog over claims it rigged a national borrowing rate. ■ RESULTS JOY Waste converter Renewi expects results for the year to be above expectations, boosted by September results.

■ NEW BOSS International engineer Assystem has named former General Electric director Robert Plana as chief technical officer of its energy and infrastructure division. ■ ZINC SOARS Miner Vedanta’s subsidiary Hindustan Zinc Ltd has posted a 34pc rise in secondquarter profit to £297m. ■ MARKET SALE Owner of the New York Stock Exchange Inter

continental Exchange is expected to pay around £200m for RBS’s 4pc holding in market infrastructure business Euroclear. ■ PENSION PLOTS Over- 50s insurer Saga is reportedly mulling an increase in charges for savers, and a cap on pay-outs when they leave its lucrative defined benefit pension scheme. ■ TECH TIE-UP Wall Street lender JP Morgan has signed a deal with London tech start-up Mosaic Smart Data to use the British firm’s software to analyse data in the search for higher profits. ■ VAMPIRE PROWLING Australian investment bank Macquarie, dubbed the ‘vampire kangaroo’, is in the running to buy Old Mutual’s fund management arm. ■ MEDICAL DEAL Pharma firm Clinigen has bought Japanese unlicensed medicines supplier International Medical Management Corporation. ■ MARIA IMPACT Cigarette filter maker Essentra expects to take a £1.2m-£1.5m hit from Hurricane Maria’s impact on its health and personal care packaging sites in Puerto Rico last month. ■ DIAMOND WOE Miner Petra Diamonds said first quarter revenue fell 17pc after the government of Tanzania seized a consignment of diamonds from its Williamsburg mine after accusing it of undervaluing the stones, which Petra denies.