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Outlook The Old Lady of Threadneedle Street likes drama to be reserved firmly for the stage. So yesterday's announcement from her Financial Policy Committee on "potential amplification channels" of financial risks was characteristically short on hyperbole.

Director's resignation pushes Redland break-up closer

A break-up of Redland, the building materials group defending itself against a pounds 1.7bn hostile bid from French rival Lafarge, came a step closer yesterday with the resignation of Helly Bruhn-Brass, a Redland non-executive director and key shareholder in RBB, Redland's German roof tiles business.

Biocompatibles shares dive as US deal falters

Shares in Biocompatibles yesterday went into free-fall, plunging by 36 per cent after the medical coatings company failed to agree a comprehensive licensing deal with US healthcare giant Johnson & Johnson.

Stocks shrug off meltdown worries

Stock markets on both sides of the Atlantic yesterday shrugged off the weekend's direst predictions of a sharp correction or worse following dramatic falls last Friday.

MARKET REPORT: Concern grows over long infatuation with financials

The market's love of the financial sector shows little sign of abating, and is beginning to cause concern that it will eventually turn out to be a dangerous affair. In what has become an almost morning ritual for market-makers, shares across the financial sector were marked up sharply in early dealings as Lloyds TSB produced results at the top end of City expectations.

Profits slip at Lehman Brothers

Confirming a downward blip last spring in Wall Street profits, Lehman Brothers revealed that its second quarter earnings this year slipped from first quarter levels. Lehman, which in recent weeks has been widely seen as a takeover target, said its net earnings for the quarter totalled $121m (pounds 73m), down from $144m in the first quarter. Even so, the second quarter earnings compared favourably with the same quarter last year, when they came in at $108m.

Dai-Ichi board resigns over loans scandal

A mass resignation of main board directors was announced yesterday by Dai-Ichi Kangyo, the third-largest bank in Japan and the fifth-biggest in the world, over the scandal involving pounds 63m of loans made to Ryuichi Koike, an alleged corporate racketeer.

Obituary: John Guest

Exploring cultures in remote places was John Guest's passion. Here he followed the example of his great-uncle the archaeologist Sir Henry Layard, who in the 1840s had discovered the Bulls of Nineveh.

Jim'll fix it

Chase Manhattan hired James Downing as head of European mergers and acquisitions. Downing was a man- aging director at Lehman Brothers in corporate finance. He will be based in London.

Chiroscience shares jump on trial results

Chiroscience, the biotechnology group, saw its shares jump 14.5p to 380.5p yesterday after announcing the latest in a series of successful phase III trial results for its levobupivacaine long-acting local anaesthetic.

Pace of economic growth 'truly worrying'

The pace of economic growth is significantly faster than official figures suggest, according to new City research due to be published this week. Correcting for the fact that the first estimates of national income during an economic upswing are subsequently revised up suggests the actual growth rate is "truly worrying".

Investors refuse to be deterred by the party-poopers

MARKET REPORT

City expects rate rise after the election

The Chancellor of the Exchequer will resist raising interest rates ahead of the general election, forcing a sharp post-election rate increase, the City has concluded, writes Diane Coyle.

City sees economy as election winner

The strength of the economy means the outcome of the general election could be much closer than opinion polls at present suggest, according to one of the City of London's leading investment banks.

Manufacturers see start of recovery

Manufacturing industry is on the road to recovery, with business confidence increasing for the first time in over a year. Yet manufacturers expect to hold prices steady as their costs fall.

Stormy quarter cuts General Accident's profits

The tough winter on both sides of the Atlantic tore a large hole in General Accident's first- quarter earnings, as the general insurer yesterday heralded a recovery in motor premiums.
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Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

It's in all our interests to look after servicemen and women who fall on hard times, say party leaders
Millionaire Sol Campbell wades into wealthy backlash against Labour's mansion tax

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Nicolas Sarkozy returns: The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?

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UK firm Biscuiteers is giving cookies a makeover - from advent calendars to doll's houses

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Can SkySaga capture the Minecraft magic?

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The school in Cambridgeshire is ahead of the pack when it comes to using the latest classroom technology. Richard Garner discovers how teachers and pupils stay connected
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