THE DAILY BRIEFING
BREXIT PLEA Catherine McGuinness, policy chairman of the City of London Corporation has called for Britain to cough up billions of pounds to Brussels for a Brexit
trade deal, saying no deal would put finance firms’ £71.4bn annual tax contribution at risk.
TRUSTLY GROWS Payments firm Trustly has handled more than £8.9bn since it was set up in 2008, bosses said, with 41pc of that in the first ten months of this year.
ROBO CASH The sum of customers’ cash overseen by online wealth manager Scalable Capital has risen to £444m just 22 months after its launch. It is a ‘robo-adviser’, using a computer programme to determine how savers’ money is invested.
SALES DIP The number of new cars bought on finance tumbled to 144,143 in September – 11pc down on the same period last year.
DEBT BOOST Debt collector Arrow Global swung to a £15.2m profit in the three months to September 30, up from a loss of £6.3m a year earlier, boosted by revenue growth of 41pc to £231.6m.
SAVINGS RISE Investment firm Janus Henderson raked in £534m from savers in the third quarter of 2017, after backers pulled out £6.1bn in the first six months of the year.
EAGLE SOARS Digital coupon creator Eagle Eye, which supplies retailers with coupons for shoppers to redeem vouchers, said sales jumped 36pc to £3.1m in the three months to September after contract wins with Google, Greene King and Scottish retailer M&Co.
COLA CLIMBS Soft drink bottler Coca-Cola HBC reported soaring third- quarter results after sales grew in emerging markets such as Romania, Serbia and Ukraine. Overall sales jumped 5pc.
WASTE PROFIT Waste business Renewi posted a 33pc rise in profit to £43.6m in its first-half results. Revenue rose 125pc to £782.9m.
ROLLS UPDATE Engineer RollsRoyce has said its marine division is still struggling but it is achieving targets in it is civil aerospace division. It cut marine division jobs due to falling oil and gas prices.
CRUISE SLIDE Cruise ship ports operator Global Ports Holding reported a 1.2pc fall in profit to £45.7m over the nine months to the end of September. Cruise ship revenue fell 2.6pc to £67m.