Daily Mail

THE DAILY BRIEF­ING

- Energy · Industries · Organization of Petroleum Exporting Countries · Qatar · The Gulf Cooperation Council · Bovis Homes Group plc · London · Australia · Royal Dutch Shell · Shell · World Bank · United States of America · Persimmon plc · Countrywide · Rightmove.co.uk · Reed Smith Richards Butler

■ QUIT­TING OPEC Qatar is pulling out of the Opec oil pro­duc­ing al­liance as it fo­cuses on nat­u­ral gas pro­duc­tion fol­low­ing a block­ade by neigh­bour­ing coun­tries.

The Gulf state’s oil firm an­nounced it will leave the Opec al­liance at the start of next year af­ter al­most six decades as a mem­ber.

It has been block­aded by many of its Mid­dle Eastern neigh­bours for the past 18 months over claims it funds ter­ror­ism.

■ PROP­ERTY CHAL­LENGE House­builders Per­sim­mon, Bar­ratt, Bo­vis, Coun­try­wide and Redrow have backed an on­line prop­erty web­site called Rum­mage 4 Prop­er­ties which is an at­tempt to chal­lenge lead­ing play­ers Right­move and Zoopla. ■ FINN FLOAT Bro­ker Fin­ncap, which is set to be­gin trad­ing on Lon­don’s ju­nior stock mar­ket AIM to­mor­row, has raised £5m from in­vestors ahead of its float.

■ HA­RASS­MENT SUIT Law firm Reed Smith could be sued by one of its for­mer trainees af­ter it iden­ti­fied her in a re­port about sex­ual ha­rass­ment for the So­lic­i­tors Reg­u­la­tion Author­ity. It was filed af­ter it sacked one of its part­ners fol­low­ing ha­rass­ment com­plaints. ■ NAVY DEAL En­gi­neer Bab­cock has struck a joint ven­ture deal worth £864m to pro­vide ser­vices to Aus­tralia’s navy.

■ PAY TEST Ex­ec­u­tive pay will be linked with cli­mate change tar­gets at Royal Dutch Shell af­ter pres­sure from in­vestors. It is draw­ing up plans for the in­cen­tive scheme and will put them to a share­holder vote in 2020. The scheme would see ex­ec­u­tive pay de­cided partly on whether the com­pany had met its tar­gets for re­duc­ing its car­bon foot­print,.

■ RAID FEARS Share­hold­ers in strug­gling Deutsche Bank have raised con­cerns af­ter it was raided in an anti-money laun­der­ing probe.

■ CLI­MATE CASH A £157bn fund to help coun­tries tackle cli­mate change is be­ing launched by in­ter­na­tional fi­nan­cial or­gan­i­sa­tion, World Bank.

■ SCAM AT­TACK The Scams­mart web­site, which of­fers ad­vice about avoid­ing pen­sion scams, was vis­ited by 173,000 savers dur­ing a cam­paign run by City watch­dogs, The Pen­sion Reg­u­la­tor and Fi­nan­cial Con­duct Author­ity.

■ BOSS OFF Nick Bas­ing, chair­man of 5-a- side foot­ball op­er­a­tor Goals Soc­cer Cen­tres’ US di­vi­sion, is step­ping down later this month.

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