THE DAILY BRIEFING

SHRITI GOES Baroness shriti Vadera is stepping down from the board of drugs giant Astrazeneca after eight years to be replaced by Tony Mok, a professor at the chinese university of hong Kong.

OLYMPICS DEAL The Japanese subsidiary of Aggreko has won a £159m contract to power the 2020 Tokyo olympic and Paralympic Games. it will provide electricity at 43 competition venues, the broadcast centre and the athletes village.

SWITCH DITCHED us bank BNY Mellon has reportedly ditched plans to move to a new headquarters in london. it is now looking to extend the lease at its current london base in Queen Victoria street. it has around 5,000 uK staff.

OZ BREAKTHROUGH Train and bus operator Go-Ahead Group has won its first contract in australia, to provide signalling and train control systems for sydney Trains.

TAKEOVER OK The takeover of part of airline services’ business by

Menzies Aviation has won the competition watchdog’s backing after it probed the deal amid fears it could cut competition in services like plane de-icing and ground handling.

CAR GLOOM European car sales fell by 8.1pc in November, according to trade body acEa. Volkswagen, Renault and Fiat chrysler led the decline as new emissions tests continued to weigh on sales.

BROKER ROLE Veteran JP Morgan banker Richard Berliand will become chairman of broker TP Icap next year. FCA FINE The Financial Conduct Authority has fined investment executive angela Burns £20,000. Burns, who had non-executive roles on the boards of two mutual societies, did not disclose or avoid conflicts of interest when she participated in talks about Vanguard asset Management while seeking consultancy work with Vanguard.