THE DAILY BRIEFING

CAR DEALS Auction site eBay is buying Motors, the UK-based classifieds site for used cars.

the deal means that Motors, Gumtree Motors UK and eBay Motors UK will have more than 62,000 car listings between them.

Shares in rival Auto trader were down 6.2pc, or 25.5p, at 388.5p following the announcement.

EARNINGS GROW Discount retailer Home Bargains posted a £274m surge in sales to £2.1bn in the year to June. Profits were up 20.5pc to £202.7m.

REBRAND BET Gambling firm Buzz Bingo has undergone a £40m investment as part of its rebrand from Gala Bingo.

the firm is capitalising on a younger audience with more than 60pc of evening events now made up of customers aged 35 and under.

TASTY PROFITS Healthy food chain Abokado reported a 24pc leap in profits to £726,000 in the year to March 31. Sales were up 6pc across its 23 sites in London.

PRESSURE PAYS Energy supermajor Shell has ended its 12-year sponsorship of art museum the National Gallery following pressure from environmental campaigners.

Activists had carried out several protests at the institution over the deal, which expired in January and was not renewed.

BREXIT TV Broadcaster Sky – which was recently bought by Comcast for nearly £30bn – has written to companies with channels on its service warning them to apply for European broadcasting licences before December 31 in case Britain leaves the EU without a deal.

LENDER LINKS More than £5bn of deals have been struck between specialist finance firms in the past 12 months, according to research by deals company Livingstone. ASIA PLANS Money transfer firm Transferwise is doubling its Asian staff numbers as it seeks to grow rapidly on the continent.