THE DAILY BRIEFING

FLOATING STREAM Music streaming service Spotify will list on the New York Stock Exchange in April. STAR CITY A study named London as Europe’s best city in which to do business for the second year in a row. Property firm Colliers put it ahead of Paris, Madrid and Moscow. WING IT Flying taxi firm Kitty Hawk is working with the New Zealand government to develop an autonomous commercial plane.

EARNINGS FIZZ Profits at computer sales firm Computacenter has surged by 28pc to £112m last year. Sales for 2017 rose 17pc to £3.8bn. HUSH TONES Toys retailer The Entertainer has introduced a quiet hour for children with autism every Saturday morning. ■ BOOZE LOSE Cider is falling out of favour as drinks manufacturer C&C Group said sales of Magners were flat last year. ■ KEEP MUM Sales at John Lewis Partnership rose 13.2pc last week thanks to Mother’s Day. ■ FLIGHT LINES Budget airline Wizz Air adds 21 planes to its European bases over the next 17 weeks boosting weekly flights by 700. ■ JOB LOT Foreign investors backed 2,265 projects in Britain in the year to April 2017, up 2pc on the previous 12 months. ■ SAVINGS WOE The black hole in Britain’s 5,588 defined benefit pension company plans surged by 41pc to £72.1bn last month. ■ HOUSE DEAL Insurer Legal & General has bought housebuilder Cala Homes in a £600m deal. MINER HIKE Copper miner Antofagasta revealed a 59.1pc rise in profits to £1.8bn.

PROFITS BOOST North Sea producer Cairn Energy has made a profit of £186m, compared with a £68m loss last year. TRAIN SALE Builder John Laing Group is selling its 15pc stake in a 27-year contract to design, make and maintain trains and depots for Great Western.

PLANE SITE Engineer Senior has opened its 180,000 sq ft aerospace manufacturing facility in Malaysia.