THE DAILY BRIEFING

Drivers were stung with the return of rising fuel prices in July, figures show. Analysis by the

RAC found that both petrol and diesel rose by an average of around 1p a litre last month.

the motoring group said this reflects a continuation of ‘rollercoaster’ fuel prices as a rise in May was followed by a decline of around 2p a litre in June. supermarkets increased their prices the most in July. Packaging firm Mondi revealed a 6pc in profits to £436m after demand increased for its eco-friendly packaging. sales also rose 4pc to £3.3bn.

tim Cook said Apple’s $1tn valuation is not the most important measure of the iPhone maker’s success. in an email, the chief executive paid tribute to the Us tech giant’s staff.

taxi hailing app companies Uber and Lyft have launched campaigns against proposed rules where city officials in

New York would be able to set minimum wages for drivers and cap the number of cabs allowed to work for the tech firms.

Dutch brewer Heineken has signed a deal with conglomerate China resources in a bid to tap into the world’s biggest beer market. heineken will take a 40pc stake in China resources’ holding company in exchange for a licensing agreement.

the boss of fast fashion retailer Quiz saw his pay double last year. tarak ramzan, 65, who founded the chain, was paid £163,000, up from £81,000 a year earlier.

Combined revenue per room at hotel group Millennium

& Copthorne fell 4.3pc to £75.29m in the six months to June 30 as it carried out refurbishment at its Mayfair hotel. Profits increased 3.2pc to £65m during the period.