THE DAILY BRIEFING

■ ASIAN DEAL The former site of the London Stock Exchange has been sold to Singapore-listed City Developments Limited in a £385m deal.

The sale of 125 Old Broad Street, formerly known as the Stock Exchange Tower, marks the latest transaction in a flurry of investments made by Asian investors in London’s office buildings.

■ SHARE SHOP Business support group IWG’s founder Mark Dixon, 58, has bought nearly £3m of shares in the firm, according to regulatory filings. He bought 1.3m shares for an average of £2.30 each via his Cyprusbased company Estorn Ltd.

■ MINING BOOST Commodity trading and mining group Glencore boosted copper and cobalt production in the first nine months of the year. Copper production rose 12pc, while cobalt jumped 44pc – aided by the restart of processing operations in the Democratic Republic of the Congo.

■ SNAP LOSS Photo messaging app Snapchat lost more users in the three months to September 30 but the business managed to generate extra cash. Parent company Snap reported £233m in sales, higher than the £221m predicted by analysts.

■ OIL BOOM Buoyant oil prices pumped up third-quarter profits at French oil group Total as net income rose 48pc to £3.1bn. The company raised its interim dividend by 3.2pc, while cash flow rose 31pc. ■ TECH CHIEF Lettings provider Airbnb has poached Aristotle Balogh, formerly Google’s vice president of engineering, to be chief technology officer next month.

■ EARNINGS GUSH Third-quarter profits at Italian oil and gas company Eni beat expectations as it reported production increases in countries including Egypt, Indonesia and Ghana. Net profit at the business rose nearly fivefold yearon-year to £1.4bn.