THE DAILY BRIEFING
LOTTO BOSS National Lotteryowner Camelot i s expected to announce the appointment of Nigel Railton as chief executive today.
Railton, 50, who is chief executive of Camelot Global, the group’s technology and professional services arm, has been tipped to replace andy duncan, who stepped down in april after six years.
Railton has also been acting head of Camelot’s UK division since duncan’s departure.
PUB FLOAT the IPO of pub owner The City Pub Group has been given the green l i ght f or thursday and is expected to raise an extra £5m.
the pub group hopes to raise £46.6m from the placing, valuing the company at £96m.
the City Pub Group runs 34 premium pubs across southern england, including St aldates tavern in Oxford, the Old Fire House in exeter and the Nell Gwynne in London’s Covent Garden.
CHINA TIE-UP Russia’s stateowned oil supplier Rosneft has clinched a deal to supply 60.8m metric tons of oil to China’s CeFC China energy Company. the fiveyear deal comes two months after CeFC bought a 14.2pc stake in Rosneft for £6.9bn.
BEAN COUNTER Mick axtell, Bristol Water’s finance chief, has resigned. Chairman Keith Ludeman said the firm was looking for his successor. the company supplies around 1.1m customers i n and around Bristol.
TARIFF T ROUBLE energy watchdog Ofgem is investigating whether supplier SSE gave cust omers’ accurate i nformation about the cheapest tariffs. It will look at the ‘cheapest tariff ’ messaging in annual statements sent to prepayment customers. SSe is cooperating.
FUELLING GROWTH Fuel supply and storage business Puma
Energy says profit has risen 9pc to £ 135m f or the third quarter of 2017, up from £124m during the s ame period l ast year. Sales i ncreased to nearly 205m cubic feet, mainly due to higher sales in the UK and asia Pacific.
PIZZA CHIEF Homewares retailer Dunelm has appointed the finance boss of domino’s Pizza to its board. Rachel Osborne will serve as nonexecutive director from april 2018 and will be a member of the audit and risk, remuneration and nominations committees.