THE DAILY BRIEFING

■ MURDOCH DENIAL Elon Musk has quashed reports that 21st Century Fox boss James Murdoch could take over from him as chairman of

Tesla. The billionaire chief executive must step down for three years under a regulatory settlement.

■ DIET SALE Diet drink stalwart Slimfast, which booked a £9m loss last year, has been sold to Londonlisted nutrition company Glanbia for £265m.

■ DIRECTOR HIRED Edward Bonham Carter has been hired by ITV as a senior independent non-executive director.

■ PROFIT BOOSTED Ventilation product supplier Volution Group has posted an 11.1pc boost in revenue to £205.7m, with profits up 4.1pc to £37.1m.

■ CHIEF DEPARTS Stephen Kavanagh, chief executive at Aer Lingus, is to step down in January after four years at the helm and will be succeeded by Sean Doyle, who is currently director of network, fleet and alliances at fellow IAG-owned group British Airways.

■ CORRUPTION CHARGE Embattled miner Acacia Mining says an employee at a mine in Tanzania has been charged with corruption.

■ NEW CHAIR City grandee Michael Cole-Fontayn, 56, has been appointed chairman of the Chartered Institute for Securities & Investment, an investment banking trade group, replacing Alan Yarrow.

■ FLOAT AXED Car rental firm Leaseplan has axed a proposal to float amid jitters on the stock market. It was intending to list on Euronext, the eurozone’s exchange.

■ UK ATTRACTIVE Britain is still the top destination in Europe for

venture capital investors looking to back start-up, a report has revealed. A total of £1.4bn was ploughed into uK companies in the three months to September, in 200 deals, the study by accountant KPMG shows.

■ TRUST FINED The trustees of a pension firm have been fined £5,000 by The Pensions regulator for not promptly investing £1.5m of cash for 9,081 savers. Salvus Master Trust failed to put it into the stock market from 2014 to 2017. It meant scheme members missed returns.

■ GERMAN LAUNCH Japanese bank Daiwa is opening a trading office in Frankfurt with 25 staff, to avoid disruption after Brexit. It still has 450 London employees.