THE DAILY BRIEFING

STAKE BOSS

A top Credit suisse banker, Charles Donald, has been hired to sell the taxpayer’s stake in bailed-out Royal Bank of Scotland.

He is vice- chairman of uK advisory and corporate broking at the swiss lender, and will head the Government team which oversees its 71pc holding. The Office for Budget Responsibility expects £15bn of stock to be sold in five years.

LUXURY APPOINTMENT

Luxury fashion house Burberry has hired the former boss of leather jacket firm Belstaff as chief commercial officer. Gavin Haig starts on Monday and will oversee the worldwide sales strategy.

ALL HEART

Trading firm Nex will donate all revenues earned on a day in June to good causes in a new charity day. It expects to raise £2m for 43 causes and projects.

ENVIRONMENT VOW

Bosses at HSBC have promised not to approve finance for coal-fired power plants or controversial tar sands oil projects, bowing to pressure from environmental campaigners.

RATE DEBATE

More interest rate rises are coming in the next few months, a Bank of England official suggested. Michael saunders said that rises will be gradual. But governor Mark Carney hinted earlier in the week that an expected rate rise in May could be pushed back.

BANK FINE

us bank Wells Fargo is to be fined up to £710m for creating millions of fake bank accounts in a mis-selling scandal.

DIRECTOR ROLE

Jacqui Ferguson, a non-executive director with oil services firm Wood Group, has been appointed a non- executive director with chemicals company Croda International.

FUNDS RAISED

Oil explorer United Oil and Gas has raised £2.5m via a share placing to help pay for drilling and seismic work off the coasts of both the uK and Jamaica.

HEADING OUT

Builder Taylor Wimpey’s finance direct Ryan Mangold is leaving after eight years.