THE DAILY BRIEFING

PROBE LAUNCHED Energy regulator Ofgem is investigating suppliers Economy Energy and E (Gas and Electricity) as well as consultancy firm Dyball Associates over claims they breached competition law. Ofgem alleges that in 2016, the three firms had a deal that prevented the two suppliers targeting each other’s customers.

ELECTRIC DREAM Catalytic converter maker Johnson Matthey is setting its sights on electric vehicles, as profit fell 31pc to £320m.

BOSS OFF The boss of Legal & General Investment Management is retiring after four years. Mark Zinkula, 50 – known as ‘Zink’ in the City – has tripled the funds overseen to £983bn since taking charge.

COMIC FIRST Video streaming website Netflix is to push into comic book publishing. The US tech firm said The Magic Order will span six issues and be written by Mark Millar.

PLAN OK Flooring retailer Carpetright has pushed through a company voluntary agreement. It will shut 92 stores and raise £60m.

STAFF QUIT A string of staff have left Bank of America’s hedge fund arm after senior executive Omeed Malik was sacked over sexual harassment claims. Three senior employees have quit, along with several more junior ones.

LIBYA LIABILITY Investment firm Legg Mason is braced for a multimillion-pound payout over claims of corruption in Libya. The US company has set aside £50m to pay it.

FIGHTING FIT Profits at online health and beauty retailer The Hut Group grew 51pc last year to £318m.

CONTRACT WIN Support firm Babcock will continue servicing Canada’s four Victoria class submarines, under a three-year contract extension worth around £225m.

STAKE SALE Measuring instruments maker Spectris has sold 50pc of its environmental monitoring business EMS Bruel and Kjaer to Macquarie Capital, for £43.4m.

CHAIRMAN ROLE Lightsource BP, a renewable energy firm 43pcowned by BP, has appointed Mike Roney as non-executive chairman.