THE DAILY BRIEFING

PENSION PULLOUT

Savers have now withdrawn more than £10bn since pension freedom rules changed in April 2015, HMRC figures show.

GOING UP

Plane maker Boeing boasted a 19pc profit rise in the first three months of the year.

TAPE MEASURES

All traders’ conversations should be recorded to prevent illegal behaviour, according to new Bank of England rules.

JUPITER RISING

Investors ploughed more than £1.3bn into fund manager Jupiter during the first three months of 2017.

HBOS SCANDAL

Retired High Court judge Dame Linda Dobbs is to investigate claims of a cover-up over the HBOS fraud, in which bankers destroyed businesses and spent the assets on luxuries.

CASH PLEA

Lender Credit Suisse is seeking £3.1bn from investors to shore up its financial position.

HOT PROPERTY

Demand for commercial property is growing as investors bet on the UK’s prosperity, according to a survey by the Royal Institution of Chartered Surveyors.

GAS SALE

Mining giant BHP Billiton said it might sell some of its US shale gas assets as it focuses on oil.

WASTE BURNER

Power station operator Drax has bought two US biomass pellet plants for £26.4m.

TOP SPOT

Engineering group Assystem has appointed Sylvie Houliere Mayca as its second woman on its executive committee.

JOB SWAP

Paul McDade, the incoming boss of Tullow Oil has defended the company’s plans to appoint outgoing chief executive Aidan Heavey as chairman.

HEAVY METAL

Miner Antofagasta saw gold production fall 41.5pc this quarter while copper fell 16.4pc, compared to the previous quarter.

OIL WELL

UK-focused oil and gas producer IGas said revenues climbed to £30.5m last year and losses narrowed to £32.9m. It produced an average of 2,355 barrels of oil per day in 2016 and expects that to rise to 2,500 this year.

HOME HELP

Homeware manufacturer Portmeirion has appointed Mike Raybould as finance director.

MEAL DEAL

Chicken king Ranjit Boparan, who owns the 2 Sisters Food Group, has bought a 29.9pc stake in butcher Crawshaw for £5.1m.