THE DAILY BRIEFING

HACKING PAYOUT Newspaper publisher Trinity Mirror has set aside a further £7.5m to settle phone-hacking allegations.

The Daily Mirror owner has now allocated £60m to cover costs related to the scandal.

In a trading statement, the firm also said total revenues were due to fall 9pc on a year-on-year basis due to a ‘challenging’ trading environment.

SHARES FATTEN Shares in takeaway food app Delivery Hero rose yesterday as investors flocked to the stock following its entry to the German market.

The firm rose by as much as 2.9pc to €26.25 following its listing – the largest by a European technology company in almost two years.

Berlin-based Delivery Hero raised almost £880m from its IPO, which was more than 10 times oversubscribed by investors.

BOWLED OVER Ten-pin bowling firm Ten Entertainment has acquired a site in Greater Manchester.

The purchase of Strike 10 Bowl in Rochdale is the company’s first since listing in April, and its third this year.

The firm bought The Lanes in Eastbourne in February and Bowlplex in Blackburn in January. Ten Entertainment plans to acquire two to four new sites each year.

STUBBED OUT Peter Nixon, the boss of Philip Morris International, told the Today Programme yesterday the tobacco firm wants to stop selling cigarettes altogether ‘and completely convert to smoke-free’.

STREAM DEAL Broadcaster Sky Sports signed a five-year contract to stream international and county cricket from 2020. The deal with the England and Wales Cricket Board includes live rights to every match from the new T20 competition.

BOARD ROLE Investment trust Impact Healthcare has appointed Paul Craig, a portfolio manager at Old Mutual Investors, to serve on its board.