THE DAILY BRIEFING

DIRECTOR IN

Online fashion retailer Sosandar has made Andrew Booth non-executive director.

IPO AMBITION

Room rental service Airbnb is preparing for an initial public offering in 2020, reports say. It was valued at about £24bn in a fundraising round last year.

CHARGING TIME

Car maker Tesla has told customers on the waiting list for its Model 3 sedan that they can now order the £26,000 electric vehicle.

FRESH THREADS

Luxury department store Harvey Nichols has renovated its womenswear department at its store in Knightsbridge.

BOOZE BOOST

Bars and pubs have more than doubled sales during England’s first three World Cup matches, soaring by 127pc.

SHARE OFFER

Employees at fashion retailer Boohoo have been given the chance to buy up to 7.9m shares in the firm, worth a total of £16m.

QUIET MOMENT

Supermarket Morrisons is trialling a quiet hour in some stores to improve the experience for older shoppers and customers with autism. Every Saturday between 9am and 10am the supermarket is dimming lights, turning off music and stopping tannoy announcements at stores in Woking, Gainsborough and Lincoln.

NEW TUNE

A fund which invests in songs announced yesterday that it had raised its target of £200m from investors on the London Stock Exchange. The Hipgnosis Songs

Fund acquires songs and their associated copyrights, generating returns through royalties.

SALES STRUCK

Outsourcer Serco has taken a hit to sales in the first half of its financial year. It said revenues came to £1.4bn for the first half of the financial year, down from £1.5bn the year before – a drop of 10.6pc. Serco’s underlying trading profit will be between £35m and £40m, the company said, compared with £34m in the previous year.