THE DAILY BRIEFING

AIRLINE DEAL Cobham clinched a £680m contract to run a regional airline owned by Australia’s Qantas.

The aerospace giant, which has struggled since issuing a profit warning in April, secured the new ten-year deal to operate QantasLink.

Cobham will provide pilots, cabin crew and maintenance for the airline. It is an extension of an existing contract that first started in 1991.

Shares fell 0.2pc, or 0.4p to 157.4p.

SALES BOOST Sales processing firm OneView has increased revenues and narrowed its losses.

The firm reported revenues up 37pc to £6.1m in the year to March 31, compared to £4.4m a year earlier. Annual losses were down 52pc at £900,000 from £1.9m the year before. Shares were flat at 5.25p.

FUNDS EXIT Savers pulled £439m out of equity funds and £360m out of property funds in May. The latest figures from trade body The Investment Association show the total amount of money in funds has fallen by 2.8pc to £931bn over the past year. Savers looking for lower risk investments in the run up to the EU vote instead put £315m into fixed income funds, while £33m went into the money market.

CYBER DEALS Corero Network Security has signed two contracts worth a total of £301,000.

The two deals are to provide protection against hackers who flood websites with internet traffic in order to make them crash.

The cyber security firm did not disclose who the contracts were with as shares went up 8.3pc, or 1.5p to 19.5p.

TITLES SOLD Newspaper publisher Johnston Press has sold all its titles in the Isle of Man for £4.3m.

The company offloaded The Examiner, The Courier, Manx Independent and its website IOM Today to Tindle Newspapers.

Johnston’s stock has lost nearly two thirds of its value since January. Yesterday it rose 7.1pc, or 1.25p to 16.25p.

GAME CASH Gaming company Gfinity has raised £3.7m through a share placing.

It has placed 74m shares at 5p each and will spend the money raised on sales and marketing, and developing its apps and computer games events. Shares rose 9.7pc, or 0.75p to 8.5p.

BUSINESS BOUGHT Exova has bought an environmental analysis business based in North Wales. The testing and advisory group bought Jones Environmental Forensics Limited, which investigates land and water contamination incidents.

Shares fell 0.85pc, or 1.5p to 175p.

BREXIT BRUSH-OFF Kier has brushed off worries over Brexit.

The construction group said the result of the EU referendum has had ‘no impact on the business to date’.

Shares fell 2.3pc, or 24p to 1026p.