THE DAILY BRIEFING

SLOT APPEAL Administrators for failed airline Monarch have launched an appeal after the High Court ruled against its plans to exchange runway slots with other carriers to raise cash for creditors.

EURO PAIN The eurozone economy remains dependent on cheap credit and the European Central Bank is using the extension of its massive bond buys to push out any expectation for a rise in borrowing costs, said ECB president Mario Draghi. SUN SMILING Investment firm Next Energy Solar Fund made £14m profit during the six months ending September 30, compared with £25.3m during the same period last year. CONTRACT BOOST Building services provider T Clarke expects to see sales exceed £300m and profits to come in at £6.5m this year amid contract wins, which include £3m worth of projects across East Midlands, Manchester and Stansted airports. SKIN SALE Healthcare company Integumen has bought Stoer, which makes skin products for men that combat different environmental factors such as pollution, adverse weather and sun damage. TOP DEALS Trade group ADS estimates deals clinched at this week’s Dubai Airshow will be worth around £9bn to the UK industry. ON BOARD Kazakhstan-focused explorer Nostrum Oil And Gas has appointed to its board Simon Byrne, the boss of investment group Steppe Capital, and Martin Cocker, a nonexecutive at Russian real estate developer Etalon Group. NO TIE-UP Jean Lemierre, chairman of BNP Paribas, dampened speculation that France’s biggest bank is interested in a tie-up with Germany’s Commerzbank. DEBT FEARS Fitch Ratings cut commodity trader Noble Group’s debt rating to two notches above default – adding ‘default of some kind appears probable’.