THE DAILY BRIEFING

OIL PACT Oil rig constructer Lamprell has reached an amicable settlement with Schlumberger subsidiary Cameron International over problems with jacking equipment supplied by Lamprell.

CREDIT ACCORD Troubled miner Avocet Mining has extended its standstill agreement with creditors until August 18 while it explores a potential restructuring of its indebted subsidiary in Burkina Faso.

METAL MOAN Vanadium producer Bushveld Minerals said it made a loss of £1.7m last year, slightly down from £1.78m the year before, on revenues of about £1.16m. SKILLS GAP Only 37pc of young women are confident they have the tech skills needed by employers, compared to 57pc of young men, according to a survey by KPMG, yet women scored on a par with men when tested on digital skills. HOUSE RISES homebuyers borrowed £14.8bn in mortgages in the second quarter of this year, a 24pc rise on the same period in 2016, said industry body UK Finance. REBEL VOTES Fat- cat bosses have faced a string of shareholder rebellions amid mounting anger at sky-high executive pay, a study by The Investment Association revealed. GAME EFFORT British videogame maker Frontier Developments has sold more than 1m copies of popular title Planet Coaster, which lets players build their own theme park. HIGH FLYER Budget airline Flybe has appointed former British Airways director Ian Milne as its interim chief financial officer. ITALIAN JOB Software firm Ingenta has signed a five-year contract to provide multimedia advertising to an unnamed magazine publisher in Italy. EXECS OUT Chief operating officer Mark Smith and employee benefits managing director Alan Fergusson have resigned from wealth manager Mattioli Woods’s board, cutting it down to just six members. OFFICE TIE-UP Office support services company Restore has bought shredding and archiving business Baxter Confidential. METERS DEAL Semiconductor maker CyanConnode Holdings has received an £7.7m order to supply parts for 300,000 smart energy meters in Bangladesh.