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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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Prices correct as of 15 May 2015
Mullah Omar, creator of the Taliban, is dead... for the fourth time

Mullah Omar, creator of the Taliban, is dead... again

I was once told that intelligence services declare their enemies dead to provoke them into popping up their heads and revealing their location, says Robert Fisk
Margaret Attwood on climate change: 'Time is running out for our fragile, Goldilocks planet'

Margaret Attwood on climate change

The author looks back on what she wrote about oil in 2009, and reflects on how the conversation has changed in a mere six years
New Dr Seuss manuscript discovered: What Pet Should I Get? goes on sale this week

New Dr Seuss manuscript discovered

What Pet Should I Get? goes on sale this week
Oculus Rift and the lonely cartoon hedgehog who could become the first ever virtual reality movie star

The cartoon hedgehog leading the way into a whole new reality

Virtual reality is the 'next chapter' of entertainment. Tim Walker gives it a try
Ants have unique ability to switch between individual and collective action, says study

Secrets of ants' teamwork revealed

The insects have an almost unique ability to switch between individual and collective action
Donovan interview: The singer is releasing a greatest hits album to mark his 50th year in folk

Donovan marks his 50th year in folk

The singer tells Nick Duerden about receiving death threats, why the world is 'mentally ill', and how he can write a song about anything, from ecology to crumpets
Let's Race simulator: Ultra-realistic technology recreates thrill of the Formula One circuit

Simulator recreates thrill of F1 circuit

Rory Buckeridge gets behind the wheel and explains how it works
Twitter accused of 'Facebookisation' over plans to overhaul reverse-chronological timeline

Twitter accused of 'Facebookisation'

Facebook exasperates its users by deciding which posts they can and can’t see. So why has Twitter announced plans to do the same?
Jane Birkin asks Hermès to rename bag - but what else could the fashion house call it?

Jane Birkin asks Hermès to rename bag

The star was shocked by a Peta investigation into the exotic skins trade
10 best waterproof mascaras

Whatever the weather: 10 best waterproof mascaras

We found lash-enhancing beauties that won’t budge no matter what you throw at them
Diego Costa biography: Chelsea striker's route to the top - from those who shared his journey

Diego Costa: I go to war. You come with me...

Chelsea's rampaging striker had to fight his way from a poor city in Brazil to life at the top of the Premier League. A new book speaks to those who shared his journey
Ashes 2015: England show the mettle to strike back hard in third Test

England show the mettle to strike back hard in third Test

The biggest problem facing them in Birmingham was the recovery of the zeitgeist that drained so quickly under the weight of Australian runs at Lord's, says Kevin Garside
Women's Open 2015: Charley Hull - 'I know I'm a good golfer but I'm also just a person'

Charley Hull: 'I know I'm a good golfer but I'm also just a person'

British teen keeps her feet on ground ahead of Women's Open
Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkish President Erdogan could benefit politically from the targeting of the PKK, says Patrick Cockburn
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn or a return to a Labour government

Our choice is years of Tory rule under Corbyn or a return to a Labour government

Yvette Cooper urged Labour members to 'get serious' about the next general election rather than become 'a protest movement'