THE DAILY BRIEFING

LOOKING FORWARD Growth in the private sector cooled slightly in the three months to September, according to a survey by the Confederation of British Industry, although firms were mostly upbeat about future prospects.

FLOATING ALONG London was one of the busiest markets for floats over the previous quarter, the latest data has revealed.

On the main market, 14 floats raised £2bn, while 16 admissions on AIM raised £916m. Scott McCubbin of Ernst & Young said: ‘Activity in the third quarter saw a significant uptick.’ SALES BONUS Nine directors at preppy clothing brand Boden have shared a £9.3m payout as sales reached £308m.

The label saw annual profits rise nearly 10pc to £26.2m, boosted by growing sales in the US. TAKING OFF The backlog of 13,425 commercial aircraft on global order books is worth an estimated £210bn to the UK, according to industry body ADS, which says productivity must be raised to take advantage of strong aerospace demand. MOVING ON Arcadia’s property director Chris Harris is to leave the group for an equivalent role at John Lewis. The 49-yearold has run Arcadia’s portfolio of 3,000 shops for ten years and led its push into America. DEEP TALKS Sirius Minerals, which is building a potash mine in Yorkshire, is in talks with the Treasury over guarantees for loans for the project. BANK LOSS Digital lender Atom Bank’s losses reached £42m last year as it invested heavily.