THE DAILY BRIEFING
COURT APPEAL Former owner of BHS, Dominic chappell, was accused of launching a ‘cynical attempt to re-write history’ as he moved to overturn a conviction relating to the firm’s pension funds.
The 51-year-old ex-racing driver was ordered to pay more than £87,000 after being found guilty in January of failing to provide information to The Pensions Regulator about the firm’s pensions schemes when it collapsed with the loss of thousands of jobs. Chappell is bidding to clear his name but opening the case for the TPR at Hove Crown Court, barrister Alex Stein said: ‘This is nothing but a cynical attempt to re-write history.’
BREXIT BLOW Troubled German lender Deutsche Bank is to shift up to £400bn out of London after bowing to pressure from European regulator, the Frankfurt-based European Central Bank after Brexit.
STALE FIGURES Cake and bread maker finsbury food Group profits tumbled 66pc to £4.5m as the company was hit by the closure of its loss-making Grain D’Or pastry factory in London last autumn. Group revenue fell 3.4pc to £303.6m.
MILKING IT Half-year profits at Dairy crest are set to rise despite high butter costs and a drop in cooking oil use during the UK’s heatwave. It was boosted by ‘strong performances’ from its two largest brands, Cathedral City and Clover.
CASH SUPPORT Carpool Karaoke producer fulwell 73 has attracted a £45m investment from Valence Media, the company behind House Of Cards.
DEPORT BID Convicted fraudster Kweku Adoboli, 38, who lost £1.8bn while working in London for Swiss lender uBS, has launched a bid to avoid deportation to Ghana.
TAX COURSE Wall Street bank JP Morgan is using British taxpayers’ cash to send its executives on master of business administration courses, it has been revealed.
CUP GLORY Slug & Lettuce owner Stonegate Pub company increased sales by 4.6pc in the 40 weeks to July 1 as football fans boosted sales of food and alcohol during the World Cup.
STYLISH SALES Sales at fashion firm H&M rose 9pc over the summer as the company pushed ahead with restructuring efforts.