THE DAILY BRIEFING BANKERS QUIT The founders of Anglo-South African bank Investec – chief executive Stephen Koseff, managing director Bernard Kantor and finance boss Glynn Burger – are retiring this year.

CHINESE BOOST China’s biggest smartphone supplier Huawei Technologies will invest £3bn in the UK following a meeting between the firm’s chairman Sun Yafang and Prime Minister Theresa May.

CAFFEINE FREE Consumers spent less on drinking in coffee shops and eating out in restaurants over the last three months of 2017 compared to a year earlier, according to Deloitte. In contrast, shoppers continued to spend more on experiences like short-break holidays, live sporting events and going to the gym.

JOBS PLEDGE Grocer Iceland has committed to recruiting 100 store managers over the next six months in a marked contrast to ruthless job cuts being carried out at rival supermarkets like Morrisons and Tesco.

SWEDE DEAL Real estate firm Segro has signed a deal with Ikea to provide the Swedish flat-pack furniture firm with a 164,000sqft space for distribution at a multistorey warehouse in Paris.

FOREIGN FAVOUR Luxury interiors group Walker Greenbank expects to see profits in line with expectations this year as it enjoys success overseas with international brand sales have increased 5.9pc in the year to January 31, compared to UK sales which have fallen 6.1pc.

SPACE RACE Demand for City office space will remain strong after a record-breaking run in 2017, estate agent Savills has said, after investors ploughed £12.6bn into central London premises, 57pc more than the average over the past ten years.

MODERN TIMES 300-year-old insurance market Lloyd’s of London is going digital in an effort to stop rivals stealing its business. The company is aiming to eliminate nearly all paper in a massive modernisation push.

GOODBYE TWEET Alessandro Sabatelli, Twitter’s virtual reality and augmented reality development boss, has quit after 18 months in the job.