THE DAILY BRIEFING
DIAMOND BOSS
The chief executive of Lucara Diamond Corp, William Lamb, is retiring and will be replaced by co-founder and director Eira Thomas.
MINING DEATH
Following an accident during the night shift on February 23, Caledonia Mining has announced the death of a worker at its Blanket Mine in Zimbabwe.
SALES RECORD
Engineering firm Senior has announced a 12pc boost in revenue to more than £1bn, an all-time high. But profits fell 13pc to £52.2m.
OIL LOSS
Texas-based oil firm Kosmos Energy made an £87m loss during the final quarter of 2017. But chief executive Andrew Inglis said the firm is stronger than ever.
TAKEOVER BOOM
Private equity firms are snapping up businesses at the fastest rate since the financial crisis, with £128bn of deals in 2017 – nearly double the level a year earlier.
FRANKFURT FLOAT
Struggling german lender Deutsche Bank is forging ahead with a £1.8bn float of its asset management arm DWS next month on the Frankfurt exchange.
BANK BILL
The big banks were last year forced to set aside an extra £3bn to compensate victims of payment protection insurance mis-selling, a study by think-tank New City agenda has revealed.
FINANCE FIRST
online finance firm Revolut broke even for the first time in December thanks to growing customer numbers, bosses said.
TECH BOOST
Reforms which help customers share their bank details with tech firms could boost the UK economy by £1bn, according to a study by the Centre for Economics and Business Research and Trustpilot.
ACCOUNTS PROBE
South Africa’s accounting watchdog is launching an in- depth inquiry into Deloitte’s work for scandal- hit retailer Steinhoff.
EXPANSION DRIVE
Shared office provider Mixer has won an extra £28.6m of funding, which the Israelbased firm will use to help expand in Europe and the US.
AIRPORT VOTE
The government has been urged to kick off expansion of Heathrow Airport by scheduling a Parliamentary vote before the summer. The airport said the expansion is vital in establishing key trading routes after Brexit.