THE DAILY BRIEFING

GROWTH SPURT Growth of Britain’s economy is expected to be faster than expected in the second quarter of the year, claims Goldman Sachs. GDP growth could reach 0.5pc from April to June, compared with a fall of 0.1pc earlier this year.

CASH BOOST DIY chain Homebase is expected to receive a £75m cash injection following the disastrous takeover by Australian firm Wesfarmers. Homebase’s new owner Hilco Capital bought the retailer for £1 last week.

PROFITS DERAILED Profits at train and bus operator

FirstGroup is set to be derailed this week as it reports its first fall in profits in five years. Analysts expect profits to fall 4pc to £199m in full-year results on Thursday.

BANK BID The owner of Clydesdale and Yorkshire banks

CYBG is poised to raise its offer for rival Virgin Money. The merged group would create Britain’s biggest challenger bank with assets of £70bn and more than 6m customers.

FRAUD ALERT The value of fraud detected by insurer Aviva jumped 5.4pc last year – equivalent to £90m or £246,000 every day. Aviva said around one in eight motor insurance whiplash claims it receives were either suspect or fraudulent.

SKY BATTLE US telecoms giant Comcast’s £22bn takeover bid for Sky is expected to get the go ahead this week, sparking a bidding war with 21st Century Fox which tabled the first offer in December 2016.