THE DAILY BRIEFING
■ STEEL SWOOP Sanjeev Gupta is teaming up with global tidal power developer Atlantis Resources to create a new renewable energy firm.
Atlantis Resources is buying the Uskmouth power station in Wales from Gupta’s Simec Energy, which will get a 49.99pc share in Atlantis in return. The power generated at Uskmouth will be used by Gupta’s steel plant in Newport. ■ HOME DEAL Outsourcer Mitie has clinched a £525m ten-year contract with the Home Office to supply immigration services. ■ LONDON BASE Google has hired steel firm Severfield to help build its new £1bn headquarters in London. ■ ALL CHANGE The chairman of oil services firm Petrofac, Rijnhard van Tets, is stepping down and will be replaced by senior independent director Rene Medori. ■ BEER BOTHER Welsh brewery Tiny Rebel must change a beer’s packaging after industry body The Portman Group said it was too attractive to children as it resembled a fizzy drink. ■ EARNINGS GROW Strong trading across its casino operations and sports division boosted earnings for
888 Holdings. Growth came despite increased UK regulation and a decision to exit five markets. ■ SMART SUCCESS A rise in people buying smart devices for their homes boosted LightwaveRF. Sales were £3m, up from £1.4m the year before, while profits rose to £1.1m from £470,000. ■ CONTRACT WIN Engineer TP Group has been awarded a £6.9m contract to supply equipment to a major UK defence contractor. ■ WEALTH ROLE Swiss bank UBS has promoted former Commerzbank head Martin Blessing, 54, to run its wealth management arm after the departure of Jurg Zeltner, 50. behemoth ■ VOTE Blackrock BACKING is Investment to back London Brydon Stock Exchange in a vote chairman on Tuesday Donald which has could a 10pc see him stake, sacked. and Blackrock is the third major investor to support him. ■ £187.5m WAREHOUSE fund run FUND by Aberdeen A new
high-tech Standard Investments, warehouses in will Europe. invest in ■ FRIDAY BOOST Retail sales were stronger than expected last month thanks to a Black Friday boost, says the Office for National Statistics.