THE DAILY BRIEFING

■ BANK SCANDAL dutch lender ING’s chief finance officer has been forced to quit because of a money laundering scandal.

Koos Timmermans is standing down after the dutch lender agreed to pay a record £689m fine to the netherlands’ prosecutors. The failings emerged after investigators looked into four illicit companies which held accounts at the bank.

in one case a lingerie firm in Curacao handled £133m of dirty money. Hans Wijers, chairman of inG, said: ‘ We deeply regret the shortcomings.’

■ SHARE OFFER Wealth manager and trading platform AJ Bell has promised to ringfence some shares for 182,000 retail investors in its upcoming listing.

■ PIZZA EARNINGS Profits at DP Eurasia, which runs domino’s Pizza in Turkey and russia, rose 8pc to £4.8m in the first half of 2018.

■ CUT ABOVE Meat packing and abattoir firm Hilton Food Group posted a 13.9pc profits boost to £21m in the 28 weeks to July 15 as sales grew 25pc to £863.6m.

■ ISRAEL TIE- UP British and israeli finance lobby groups The

City UK and City TLV have agreed to deepen their links over technology and cyber-security.

■ FLOAT COST retail investors who want to back the float of online lender Funding Circle will have to stump up at least £1,000 each, the firm revealed in documents ahead of its £1.5bn float next month.

■ LEGAL AID Wealthy investors have raised £9m for litigation funder

Therium, which provides the cash for companies and individuals to pursue legal claims.

■ FUND RAISING small-business health insurer Equipsme has raised £2.5m from investors to expand.

■ PRICE CUT speciality chemicals company Elementis has struck a deal to buy Mondo Minerals from private equity firm Advent for £384m – £77m less than initially agreed following criticism from shareholders.

■ PENSION WOES UK pension schemes have a black hole of £65.3bn, up from a deficit of £62.8bn in July, according to the latest update from the Pension Protection Fund.

■ DIAMOND DAYS Miner Anglo-American sold £390m worth of diamonds in the seventh cycle of 2018.

■ GREEN DEAL irish-based renewable energy company Greencoat Renewables is buying four windfarms in ireland for £120m from forestry business Coillte.