THE DAILY BRIEFING

DISCOUNT DEAL

Budget carrier Wizz Air has signed a deal with Airbus for 146 aircraft worth £13bn.

The agreement will enable Wizz Air to renew its existing fleet, provide more capacity for growth and offer lower fares, the company said. It added that the 72 A320neos and 74 A321neos have been bought at a ‘significant discount’.

STAIRCASE ACTION

The Government is pushing ahead with plans to reverse the controversial ‘ staircase tax’ in a move which has been hailed by small business advocates. If it is not overturned, offices covering multiple floors in a building would be billed separately for each floor if their corridors or staircases are communal.

SALE COMPLETED

Mining firm Glencore has completed the sale of its 51pc stake in its petroleum, products and storage business to HNA Innovation Finance Group, which will generate £429m in cash, rising to £574m later in the new year.

BITCOIN RIVAL

Crisis-hit Venezuela is launching its own digital currency to rival bitcoin, which will be named the ‘petro’.

BONUSES SCRAPPED

Streaming service Netflix is scrapping management bonuses, in response to Donald Trump’s £1.65tn tax reforms.

GUILTY PLEA

The founder of defunct social media app Fling has pleaded guilty to kicking his girlfriend in the stomach. Marco Nardone – former chief executive of the London firm which produced a mobile app that lets user send photos to strangers – admitted committing the assault at his £2m flat He will be sentenced on January 25.

CHAIRMAN OFF

The chairman of AIM-listed tech Windar Photonics, John Weston, has stepped down to be succeeded by board member Johan Blach Petersen.