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The City stockbroker Northland Capital Partners has been thrown into turmoil by the departure of its UK chairman and managing director.

Market Report: Wolseley support builds on news from the US

A glimmer of hope for the troubled US housing market lifted Wolseley as the FTSE 100 struggled to find direction last night. The plumbing and heating products group claimed pole position on the benchmark index, adding more than 6 per cent, or 96p, to 1,591p on the back of new US mortgage data.

Terry Smith prepares fund manager launch

Terry Smith, the City of London veteran, is planning to launch a fund management company and is likely to step down from financial services group Collins Stewart before the new venture starts.

Derek Pain: Mears takes pride of place as markets are becalmed in doldrums

During my two weeks' absence – attending a granddaughter's wedding in Hungary – hopes have mounted that at least some of the old takeover momentum is returning. But with share turnover remaining in the doldrums, there has been little evidence of increased investor excitement. Still, it's been a fairly busy time for five constituents (and a former member) of the no pain, no gain portfolio. Pride of place must go to Mears, the support services group, which justified its comments that it had not experienced the difficulties that have so severely damaged its arch rival, Connaught.

Vedanta close to $8bn deal to take control of Cairn India

Vedanta Resources is set to spend around $8bn-$8.5bn on a deal to buy a controlling stake in Cairn India, which operates the largest producing oilfield in the country's private sector.

Investment Column: Shaftesbury sees life on the sunny side

Sportingbet; Findel

AstraZeneca's triple whammy of good news pleases market

AstraZeneca pleased the market with a triple dose of good news yesterday as it won endorsement in the United States for its new blood-thinning drug Brilinta, reported strong results and doubled its share buyback programme.

Tomkins' board backs £2.9bn takeover offer

The board of Tomkins yesterday backed a £2.9bn takeover bid from a consortium of Canadian investors, putting management on collision course with at least one of its biggest shareholders.

New BP chief executive in recovery pledge

BP's new chief executive today pledged to put the oil giant "on the road to recovery" as it reeled under a 32.2 billion US dollar (£20.8 billion) blow from the Gulf of Mexico disaster.

Market Report: Age of austerity sparks concern about Babcock

Babcock International was under pressure amid worries about the impact of public spending cuts last night. The defence services group fell by 11p to 597p after Bank of America Merrill Lynch warned that, with the bulk of its revenues related to the public sector, Babcock's margins may be squeezed in an age of fiscal austerity.

Ocado shares tumble by 7 per cent on debut

The online grocer Ocado faced further humiliation yesterday on its debut on the stock market, as its chief executive launched a vigorous defence of the business.

Investment Column: Severn Trent's an oasis of calm, so stay put

IG Group; Enterprise Inns

CWW blames coalition as it issues profits warning

The telecoms group Cable & Wireless Worldwide (CWW) shocked the market yesterday as it warned that the coalition Government's spending cuts would hit its profits.

Market Report: ARM charges ahead on bid talk and tablet hopes

The return of bid rumours and the prospect of higher revenues underpinned ARM as the FTSE 100 booked its sixth consecutive session of gains last night.

Market Report: Antofagasta gains ground as bulls eye higher prices

Antofagasta led the way last night as the FTSE 100 rounded off its best week in a year. The Chilean copper miner rose by 34.5p to 886p, while its sector peer Anglo American gained 10p to 2,422p after Goldman Sachs advised investors to pile in ahead of a surge in metals prices.

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Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
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