THE DAILY BRIEFING

ENGINES DEAL Engineer rollsroyce has won an order worth up to £323m for its flagship Trent 1000 engines from aircraft leasing giant Aer Cap.

FIELD FAILS The Chevron-run Erskine gas field in the North Sea yesterday suspended production due to a block in the condensate export pipeline. Erskine was also shut down in December due to a crack in the separate Forties Pipeline System.

EXPANSION PLANS Dubai Airport’s ex-chief operating officer Chris Garton has joined Heathrow

airport as the West London hub seeks to expand by building a third runway and sixth terminal.

DEFENDER ROLE Chemicals giant Ineos’ move into car making has been boosted by the appointment of Mark Tennant, former manager at Land Rover. Tennant will lead Ineos’ plans to build a successor to Land Rover’s Defender.

CHOPPER BACKLOG The helicopter division of plane maker

airbus delivered 409 helicopters in 2017 compared to 418 in the previous year. Its overall backlog stood at 692 helicopters at the end of 2017.

LUXURY BOOST Beauty addicts spent 4pc more on luxury products last year, valuing the sector at £3bn, data by market researcher The NPD Group shows.

BOOKIE BOSS Online gaming firm Betstars has appointed ex-William Hill managing director Andrew Lee to the same role.

PRICE FLOORED Analysts at Cantor Fitzgerald have downgraded retailer carpetright’s target price from 170p to 100p after poor sales over Christmas. In light of the results, Cantor said it maintained a ‘very cautious’ stance.

ONLINE OFFICE Office space company We Work is to offer access to desks, free WiFi and meeting rooms services to students studying for online university degrees.

SHANGHAI FLOAT China’s biggest electric car manufacturer Beijing Electric Vehicle co is to go public on the Shanghai Stock Exchange after being bought by publicly-listed Chengdu Qian Feng Electronics Co in an asset swap deal valuing it at £3.2bn.

TECH FUND London-based investment bank GP Bullhound has launched a £57m fund to plough cash into tech start-ups.