THE DAILY BRIEFING
ISA BOOST Internet lender Funding Circle has opened its taxfree savings account to new customers, allowing them to save a maximum of £20,000 a year in the Isa without paying tax on the interest.
CONTACTLESS TALLY there were 410m contactless card payments in june last year, according to a study by the City uK lobby group. this is more than double the figure a year earlier as more shoppers take up the new technology. the use of cheques has dropped by 69pc in the past decade.
FUNDS SOUGHT Warehouse investment firm Tritax Big Box is raising up to £155.6m from the market to buy new sites. RISING HIGH the price of aluminium has hit its highest level since 2011, at more than $2,500 a ton, as fears rise about russian supplies following us sanctions.
CONTRACT WIN British engineering firm Meggitt has won a contract to supply the wheels and brakes on the new KFX fighter jet, which is being developed by south Korea and Indonesia.
PORSCHE RAID german prosecutors have carried out raids at ten locations as part of an investigation into Volkswagenowned Porsche over the diesel emissions scandal.
SURGEONS OK Artificial hip and knee maker Smith & Nephew has had its surgical training facility in Watford approved by the royal College of surgeons, the first commercial surgical training facility in europe to be given rCs approval.
GOLD GLUT perubased miner Hochschild Mining said it produced a record 9.8m silver equivalent ounces and 132,036 ounces of gold equivalent during the three months ended March 31.
ENGINE DEAL engineer RollsRoyce has hired heat treatment firm Bodycote to help it make airplane engine turbine blades in derby and rotherham. the 15year contract is worth more than £160m.
DOUBLE SWOOP outsourcing firm Bunzl has bought Monte package Company, based in Michigan, and Qs Nederland, which provides hygiene services for washrooms.
PAPER CAPACITY packaging firm Smurfit Kappa is increasing capacity at its Facture paper Mill in France. It will be able to produce 220,000 tons of material daily, up from 174,000 tons.