THE DAILY BRIEFING

WATCHDOG FINE Telecoms giant BT has been fined £70,000 by the regulator after failing to provide information for watchdog Ofcom’s review of broadband and phone services.

SPY CAB Facebook founder Mark Zuckerberg was spied on by staff at Google-backed taxi app Lyft, it has been claimed. Lyft is investigating the claims, which were made by an anonymous member of staff.

SHOCK REACTION Bosses at electric car maker Tesla have rejected claims they are expecting yet more delays to the production of the firm’s mass-market Model 3.

The company has pushed back production targets but insisted reports that problems with battery assembly would set it back further were ‘extremely misinformed’.

DRUG DEAL Industrial instruments maker Spectris has bought drug developer Concept Life Sciences for £163m from Equistone Partners Europe.

BARREL BOOST Oil giant Shell is expected to reveal production of around 3.7m barrels of oil per day when it reports results on Thursday.

BANK SURVEY Around one quarter of small and medium-sized business feel their High Street bank is fully able to meet their funding needs, research by Close Brothers

Group found.

ASSETS BLOW Listed infrastructure firm HICL Infrastructure expects to take a hit of around £50m on its net asset value due to the demise of construction giant Carillion.

STORE SCHEME Fashion retailer Zara has opened a temporary store for customer orders and collections in east London’s Westfield Stratford shopping centre, allowing shoppers to purchase an item which is not available in store and collect it on the same day. JAPAN PLANS US retail giant Walmart has signed an online grocery deal with Japanese ecommerce company Rakuten as it looks to make its mark in Japan.