THE DAILY BRIEFING

SHOE IN Footwear chain Shoe Zone has appointed Jonathan Fearn as its finance director. He joins from Lloyds Pharmacy, where he worked for 14 years. He starts next week and will join its board later this year. Shares were flat at 182.5p.

SENSING VICTORY Defence specialist Chemring has won a research and development contract for the Next Generation Chemical Detection program in the US. This means it will start work at its Sensors & Electronic Systems facility in Charlotte, North Carolina. Shares rose 7.7pc, or 9.75p to 136.25p.

PIZZA DELIVERY Meat packing business Hilton Food Group has expanded into supplying pizzas to Sweden and will work with ICA from the end of the year.

The trading update also revealed that although sales were slow in Denmark and Sweden, there was growth in the Netherlands and Australia. Shares fell 1pc, or 5.5p at 579.5p.

MONEY UPDATE Turnover at information and events firm Euromoney dropped 1pc in the three months from April.

The company said the Brexit vote had no impact on its trading. It turned over £104.7m in the period.

Shares rose 3.2pc, or 30.5p to 994p.

OFFSHORE POWER Swedish power company Vattenfall has been given the green light to start Scotland’s largest offshore wind test and demonstration facility.

Work on the £300m 11-turbine Aberdeen offshore Wind Farm will begin near Blackdog, Aberdeenshire, later this year and offshore work starts in 2017.

BHS FADING Hopes were fading that a buyer will be found for any of the BHS stores after the administrator said a further 30 shops would close at the end of this month. It takes the total planned closures so far to 50 for the 163-strong chain, which went into administration in April.

PROFITS HOLE Digger maker JCB reported a fall in sales and profits – but chairman Lord Bamford said he remained optimistic for future trade.

The group saw profits fall 27pc to £214m. Sales slipped to £2.3bn, down from £2.5bn in the previous year. It said the global market for construction equipment dropped by 14pc last year and remained fragile.

CLEANED UP The maker of Dove soap and Knorr soup, Unilever, reported a better than expected second quarter sales rise despite concerns about growth in emerging markets in South America.

Sales in the Anglo Dutch firm rose 4.7pc, but shares fell 1.2pc, or 41p to 3534p.