THE DAILY BRIEFING
■ FIN CITY edinburgh will be overtaken by manchester to become the country’s second-largest finance hub if it continues to grow at the current pace, a study by The City
UK has found. manchester employed 51,945 in finance – just 940 fewer than the Scottish capital.
■ GOING UP The number of passengers travelling with Easyjet increased 2.3pc to 7.9m last month compared to a year earlier.
■ TENANT SQUEEZE london rents rose an average 0.1pc in the 12 months to June – the first annual growth since December 2016. The average in the capital is now £1,884 compared to £774 for the rest of Britain. research by buy-to-let firm
Landbay found, excluding london, rents grew 0.4pc.
■ MASSES MANAGED Savers pumped an extra £1.9bn into Britishbased funds in may, according to the Investment Association trade group – taking the total managed by the industry to £1.2trillion.
■ SHARED SPACE Food delivery company Deliveroo has opened a ‘shared kitchen’ in Paris. The kitchens, first launched in london, give restaurants a base to serve surrounding neighbourhoods.
■ AI KILLER an artificial intelligence program designed by londonbased Deepmind has beaten humans in a video game competition. It defeated rivals in a game of Quake III, a shooting game released in 1999.
■ CHINA DEAL The owner of High Street chemist Boots has completed the purchase of a 40pc stake in Chinese pharmacy chain Guo Da Drug Store for £314m.
■ TURKISH VENTURE wPP-owned Groupm has launched a new digital marketing agency with a Turkish firm. The venture with Zer, part of Koc Group, will be called Ingage.
■ PLANE PARTNERS aeroplane maker Airbus has boosted its research on flight technology with Chinese partners. Its airbus Beijing engineering Centre has opened a lab with the National Centre for Nanoscience and Technology of China.
■ MINE LOAN lithium miner
Bacanora Minerals has secured £113m credit to help develop its Sonora project in mexico.
■ STRIKE SET The Unite union has announced strikes on Total’s oil and gas rigs in the North Sea in a dispute over wages. workers at the elgin, Dunbar and alwyn platforms plan to down tools over five days this month and next.