Kenya unveiled its first oil discovery yesterday at an exploratory well by Tullow Oil in the north of the country.

Buyers of homes worth more than £2m are going to be hit with a massive stamp duty rise from today, with a new 7 per cent stamp duty land tax charged. Until yesterday, only a 5 per cent charge was levied on homes sold for overa £1m.

A top hedge fund manager is facing one of the most expensive divorce settlement in British legal history after telling his wife he is gay.

It has been called a waste of money, "Meccano on crack", and hailed by the Mayor of London, Boris Johnson, as the "hubble-bubble" tower for its likeness to a shisha pipe.

And what does he do?

The richest person in the world lost about $6.7bn (£4bn) as the world's stock markets endured a precipitous fall last week.

Talks are continuing between Tony Fernandes, the Malaysian airline tycoon, and Queen's Park Rangers owner Bernie Ecclestone towards a sale of the newly-promoted Premier League club.

Queen's Park Rangers' owners are in talks over a potential sale, the Premier League club confirmed last night.

The smart London area has always been a mainstay of Monopoly, but now an upmarket usurper has replaced it. It's an unexpected roll of the dice, says Sophie Robehmed

The North-South divide in house prices is widening, according to new figures.

Queen's Park Rangers vice-chairman Amit Bhatia last night resigned after another boardroom dispute at Loftus Road.

QPR fans have reacted angrily after learning they will be charged up to £72 to watch their team in the Barclays Premier League next season.

Bernie Ecclestone yesterday insisted Neil Warnock would lead the Championship winners QPR into the Premier League, dispelling speculation surrounding the 62-year-old's position. Ecclestone, speaking in Barcelona where he was attending the Spanish Grand Prix, said: "He's staying, 100 per cent. We've never discussed anything about him leaving. He's never wanted to leave and we don't want to get rid of him. He's absolutely taking the club into the Premier League."

Even as the founder of Specsavers, Dame Mary Perkins could perhaps be forgiven for squinting at the number of zeros beside her name. She is Britain's first self-made billionaire according to The Sunday Times Rich List, joining 72 others in Britain who have at least 10 figures in their bank accounts.