THE DAILY BRIEFING

RECORD INVESTMENT

Savers ploughed a record £6.3bn into hedge fund Man Group in the first six months of 2018. Profits rose 18.4pc to £68.6m thanks to higher fees.

FORMICA OFF

Investment firm Janus Henderson Group joint boss Andrew Formica is leaving with a £9.1m pay-off, leaving Dick Weil in sole control.

CURRENCY CRACKDOWN

The City watchdog, the Financial Conduct Authority, has pledged to crack down on currency transfer firms which advertise much better exchange rates than they actually offer customers.

CREDIT MOAN

Four in ten firms say getting new credit is unaffordable, according to a survey by the Federation of Small Businesses.

REVENUE RISE

Revenues at IrnBru maker AG Barr climbed 5pc to around £136m in the 26 weeks to July 28.

FASHION BOSS

Womenswear chain Jigsaw has appointed Chris Stephenson as chief executive.

SCHOOL RANGE

Discount chain Poundland has launched a back-to -school collection, in an attempt to rival Marks & Spencer which is to shut 100 stores.

SANCTIONS DEADLINE

The US treasury has given Russian aluminium firm EN+ until October to try to avert sanctions before they come into force.

NEW DEAL

Support services and construction group Interserve has won a £67m, five-year contract to provide engineering, cleaning landscaping, helpdesk and other services at more than 450 Foreign and Commonwealth Office buildings.

COAL SALE

Miner Anglo-American has sold its New Largo thermal coal project and Old New Largo colliery in South Africa for £59m.

APPLE BEATEN

Chinese telecoms giant Huawei sold more smartphones than US rival Apple in the second quarter of 2018, it says. It shipped 54.2m units.

GOOGLE LAUNCH

Tech giant Google is to launch a censored version of its search engine in China, after ditching the country in 2010.

WONKY CASH

A tiny grocery delivery start-up, Oddbox, which sells wonky fruit and vegetables from British farms has raised half a million pounds to fund expansion.