THE DAILY BRIEFING

PAY REVOLT The chief executive of Entertainment One, the company that makes Peppa Pig, is facing a shareholder revolt over pay ahead of the company’s annual general meeting. City advisers Glass Lewis and ISS criticised increases in Darren Throop’s salary to £950,000, saying the firm had failed to justify it.

PLAN DEMAND Banks have been told to explain their post-Brexit plans by bureaucrats at the European Central Bank. It is demanding details from multi-national lenders including how many staff they will employ on the Continent. DELIVERY BOOM The value of the market in subscription boxes, offering goods such as makeup by post, is set to hit £1bn in just two years, Royal Mail said.

FEMALE FIRST A former boss of Coca-Cola is set to become the first female chairman of a British car maker. Penny Hughes, 59, will take the job at Aston Martin ahead of its £5bn listing on the London Stock Exchange, reports said.

STEPPING AWAY Jack Ma, the boss of Chinese web giant Alibaba, is today expected to set out his plans for succession. The billionaire, who founded China’s most valuable company 19 years ago, is likely to remain as chairman.

PR PROBE The Insolvency Service has launched a probe into work undertaken by collapsed public relations firm Bell

Pottinger for the Gupta family in South Africa, reports said.

IPHONE THREAT Donald Trump has urged Apple to make more of its products in the US to shield itself from the ongoing trade confrontation with China.

SHRINK FEARS The world’s biggest asset manager, Blackrock, is to expand its private investment activities due to concerns that public markets are shrinking. The growing number of share buybacks by listed companies had partly prompted the move, according to the firm’s global head of equities.