THE DAILY BRIEFING

CASHING IN

Former chief executive of the Gym Group John Treharne has sold £1.6m worth of shares after stepping down from the top role this month. The 64-year- old sold off 500,000 shares at 329p each.

TRADE WAR

The White House may be about to slap tariffs of up to 2pc on an additional £155bn of Chinese goods. China said it is ready to impose retaliatory tariffs on £46bn of US goods if that happens.

NIGHT NAVIGATOR

engineer Rolls-Royce has developed technology to help ferry crews navigate busy waterways overnight.

TECH CRACKDOWN

US Attorney General Jeff Sessions has called a meeting with senior state lawyers after warning technology companies they may be stifling free speech and hurting competition. It is scheduled for September.

TICKETS FLY

Passenger numbers at Easyjet jumped by 5.6pc to 8.7m in August compared with a year earlier.

MEAL DEAL

Ready meal maker Bakkavor has bought doughnut and Danish pastry manufacturer haydens for £12m. It comes as Bakkavor increased sales by 2.8pc in the 26 weeks to June 30. Profits soared 39pc to £47.1m.

FLOAT HOPES

Luxury fashion website Farfetch is planning to raise £467m from its debut on the New York Stock exchange by offering 37.5 million shares priced between £11.60 and £13.15. The British firm is expected to fetch a £3.9bn valuation when it lists.

BRAND EXPANDS

Womenswear brand Anine Bing, founded by the Danish former model of the same name, has grabbed £116m from a trio of investors. London-headquartered Index Ventures and Felix Capital teamed with US-based Greycroft Partners to help the brand expand.

PROFITS FALL

Profits at financial services firm Just Group, which specialises in retirement products, fell to £45.7m for the six months ended June 30, from £66m for the same period last year.

PROBE FEARS

Card company American Express is reportedly facing an FBI probe over claims it misled clients about the cost of foreign exchange services.

SHOPS SHUT

Stationery retailer Office Outlet has been given the green light for a restructuring plan to close four of its stores.