THE DAILY BRIEFING

LYNCH GOES Swiss medical-tech company Sophia Genetics has bagged £61m from investors after under-fire entrepreneur Mike Lynch, 53, stepped down from its board.

he co-founded and led software firm Autonomy before it was sold to hewlett Packard in 2011 for £8.5bn, in a deal that soured a year later. he has since been charged with fraud in the US. Lynch denies wrongdoing.

Data- driven health company Sophia has raised £111m from investors in total.

SHOPPING DEAL Shopping centre owner Intu has appointed engineering firm Sir robert McAlpine for the £86m transformation of its Broadmarsh shopping centre in nottingham. CHRISTMAS BOOM Slug and Lettuce owner Stonegate toasted buoyant festive sales, booking likefor-like sales growth of 7.8pc in the month to January 1. COURT DATE Scandal- hit former nissan boss Carlos Ghosn is to make his first public appearance next week since he was arrested on november 19 for alleged financial wrongdoing, a Japanese court said. M&S MAN retailer Marks & Spencer has hired the former tesco clubcard boss Andrew Mann as head of insight and customer loyalty. EMISSIONS CASH Car maker Volvo is setting aside £616m to cover potential costs related to its admission in october last year that its trucks could be emitting higher levels of poisonous nitrogen oxide gases than the legal limit.

BANKER OFF the chief executive of Sainsbury’s Bank, Peter griffiths, steps down next year from a role he has held since 2012.

CO-OP EXPANDS the Co- op is opening 100 stores this year in a £200m store investment scheme.

CHIEF ROLE Convenience store chain McColl’s has appointed former Welcome Break chief executive robbie Bell as chief financial officer.