THE DAILY BRIEFING

NEXT DEAL

Supermarket giant Tesco has signed a deal with High Street retailer Next to sell the brand’s clothing in its Surrey Quays store in east London.

TROUBLE BREWING

Beer behemoth AB InBev has been condemned by the EU competition watchdog for abusing its leading position in the Belgian market.

CONFIDENCE UP

Business confidence is at its highest level since April, rising by five points to 44pc in November, Lloyds Bank said.

EXEC OUT

Jambu Palaniappan, Uber’s restaurant delivery boss, has quit the company to join a venture capital firm.

KEEP CLEARING

A top German central banker, Andreas Dombret, a board member at the Bundesbank, has called for euro clearing to remain in the City after Brexit.

GENDER GAP

Men working for Shell in the UK are paid 22pc more on average than women in the firm, the oil giant has revealed.

SWEET BUSINESS

Oil major BP has joined forces with sugar and ethanol trader Copersucar to own and operate a major ethanol storage terminal in Brazil.

SPACE SHIPS

The European Space Agency has teamed up with RollsRoyce to develop satellite technology for self-driving freight ships.

KRAKEN ON

Oil producer Enquest says its Kraken field in the North Sea should be producing 50,000 barrels per day in 2018.

PENSION REVIEW

Whitehall has launched a review of pension schemes known as ‘master trusts’.

IT HIRE

Legal & General has poached Hewlett Packard’s cybersecurity chief Tim Grieveson to become its head of IT.

SHARE BONUS

Shareholders will pocket half the profits generated by Credit Suisse in coming years, chief executive Tidjane Thiam said.

CHIEF IN

The Civil A viation Authority has appointed Richard Moriarity to take over as chief executive when boss Andrew Haines leaves next year.

OIL UP

Oil prices rose to $64 a barrel after OPEC agreed to keep a lid on production until the end of 2018. Production cuts in place since the start of 2017 were due to expire in March.