THE DAILY BRIEFING

■ STICKY WEB Internet bank Monzo raised £18m after giving more than 1m customers a chance to buy shares. But it faced criticism because, as it is not listed on the stock market, the stock will be difficult to sell on in the future.

■ DEUTSCHE DIP Shares in Deutsche Bank hit an all-time low amid a massive money- laundering probe. The stock fell to €7.90 before making a later recovery.

■ TAKEOVER PROBE The £1.7bn takeover of payments firm Izettle by rival Paypal faces a Competition and Markets Authority probe after it warned the tie-up could lead to higher costs for consumers.

■ VIVA VODKA High growth in eastern Europe saw revenue at

Stock Spirits rise 8.7pc in the year to September 30 compared to the same period last year, reaching £ 282.4m. Underlying earnings jumped 11.5pc to £59.4m.

■ FESTIVE COST Spending on groceries is expected to grow by 2.4pc this Christmas to £21.6bn compared with a year earlier, suggests research and training charity IGD.

■ STEAK SALES Argentinian steak restaurant Gaucho posted an 8pc rise in sales during November compared with a year earlier, and a 7pc fall in year-to-date sales after it fell into administration.

■ AMAZON HIT Online trader Amazon faces higher postal costs in America after a government report recommended a hike in prices.

■ UNION SETBACK Riders working for food delivery firm Deliveroo are not entitled to collective bargaining, after a High Cour judge threw out a judicial review brought by a union seeking recognition.

■ FTSE FAILURE Recruiter Green Park said efforts to get more women on FTSE 100 boards is paying dividends, but not for black, Asian and minority ethnic men and women. On current rates of progress – with one extra company each year – they will not meet the target until 2066.

■ PAY RISING Workers in cities including Liverpool, Glasgow and Southampton got pay rises of more than 11pc this year. Advertised salaries were 11.9pc higher in Liverpool in November compared with a year ago. The figure was 1.8pc in Leeds, said jobs site CV-Library, 2.1pc in Brighton and 2.7pc in London.

■ PROFIT FALL Stockbroker Numis made £31.6m profit in the year to September 30, down 17pc on the previous 12 months.