THE DAILY BRIEFING

PIE SALE Food tycoon Ranjit Boparan is preparing to sell his pies business, Holland Pies. He is also said to be considering a sale of Irish fish supplier Donegal Catch, with the firms estimated to have a combined value of £50m.

SPACE ROADSTER Electric sports car maker Tesla will offer a space-themed version of its Roadster equipped with rocket thrusters, boss Elon Musk says. The 46year-old claims it will be able to reach 60mph in just 1.9 seconds. JOB CUTS Up to 1,500 jobs could be axed if the merger of Virgin Money and Clydesdale and Yorkshire Bank goes ahead. Investors are reportedly pressing for the cuts to improve the benefits of the deal for shareholders.

PAY CLAMPDOWN New laws set to be proposed in Parliament today would require the UK’s biggest companies to reveal the pay

gap between their chief executive and staff from 2020. It comes amid a push to reduce excessive pay. BITCOIN FIRST Argo is set to become the first cryptocurrency group to list on the London Stock Exchange. It has secured approval from regulators and will seek to raise £20m within a week, with the listing valuing it at £40m.

BREXIT BLOW London’s multitrillion euro clearing business should be moved to Frankfurt after Brexit to reduce risk, Germany’s finance minister Olaf Scholz has claimed.

WATER WOE Regulator Ofwat will this week reveal the findings of its probe into why thousands were left without water during the ‘Beast from the East’ cold snap.