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


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.
A model of a Neanderthal man on display at the National Museum of Prehistory in Dordogne, France
Richard Dawkins dedicated his book 'The Greatest Show on Earth' to Josh Timonen
newsThat's Richard Dawkins on babies with Down Syndrome
Arts and Entertainment
Eye of the beholder? 'Concrete lasagne' Preston bus station
architectureWhich monstrosities should be nominated for the Dead Prize?
Anna Nicole Smith died of an accidental overdose in 2007
Life and Style
food + drink
Arts and Entertainment
'The Great British Bake Off' showcases food at its most sumptuous
tvReview: Bread-making skills of the Bake Off hopefuls put to the test
A cupboard on sale for £7,500 in London
lifeAnother baffling example of the capital’s housing crisis
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Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Middle East crisis: We know all too much about the cruelty of Isis – but all too little about who they are

We know all too much about the cruelty of Isis – but all too little about who they are

Now Obama has seen the next US reporter to be threatened with beheading, will he blink, asks Robert Fisk
Neanderthals lived alongside humans for centuries, latest study shows

Final resting place of our Neanderthal neighbours revealed

Bones dated to 40,000 years ago show species may have died out in Belgium species co-existed
Scottish independence: The new Scots who hold fate of the UK in their hands

The new Scots who hold fate of the UK in their hands

Scotland’s immigrants are as passionate about the future of their adopted nation as anyone else
Britain's ugliest buildings: Which monstrosities should be nominated for the Dead Prize?

Blight club: Britain's ugliest buildings

Following the architect Cameron Sinclair's introduction of the Dead Prize, an award for ugly buildings, John Rentoul reflects on some of the biggest blots on the UK landscape
eBay's enduring appeal: Online auction site is still the UK's most popular e-commerce retailer

eBay's enduring appeal

The online auction site is still the UK's most popular e-commerce site
Culture Minister Ed Vaizey: ‘lack of ethnic minority and black faces on TV is weird’

'Lack of ethnic minority and black faces on TV is weird'

Culture Minister Ed Vaizey calls for immediate action to address the problem
Artist Olafur Eliasson's latest large-scale works are inspired by the paintings of JMW Turner

Magic circles: Artist Olafur Eliasson

Eliasson's works will go alongside a new exhibition of JMW Turner at Tate Britain. He tells Jay Merrick why the paintings of his hero are ripe for reinvention
Josephine Dickinson: 'A cochlear implant helped me to discover a new world of sound'

Josephine Dickinson: 'How I discovered a new world of sound'

After going deaf as a child, musician and poet Josephine Dickinson made do with a hearing aid for five decades. Then she had a cochlear implant - and everything changed
Greggs Google fail: Was the bakery's response to its logo mishap a stroke of marketing genius?

Greggs gives lesson in crisis management

After a mishap with their logo, high street staple Greggs went viral this week. But, as Simon Usborne discovers, their social media response was anything but half baked
Matthew McConaughey has been singing the praises of bumbags (shame he doesn't know how to wear one)

Matthew McConaughey sings the praises of bumbags

Shame he doesn't know how to wear one. Harriet Walker explains the dos and don'ts of fanny packs
7 best quadcopters and drones

Flying fun: 7 best quadcopters and drones

From state of the art devices with stabilised cameras to mini gadgets that can soar around the home, we take some flying objects for a spin
Joey Barton: ‘I’ve been guilty of getting a bit irate’

Joey Barton: ‘I’ve been guilty of getting a bit irate’

The midfielder returned to the Premier League after two years last weekend. The controversial character had much to discuss after his first game back
Andy Murray: I quit while I’m ahead too often

Andy Murray: I quit while I’m ahead too often

British No 1 knows his consistency as well as his fitness needs working on as he prepares for the US Open after a ‘very, very up and down’ year
Ferguson: In the heartlands of America, a descent into madness

A descent into madness in America's heartlands

David Usborne arrived in Ferguson, Missouri to be greeted by a scene more redolent of Gaza and Afghanistan
BBC’s filming of raid at Sir Cliff’s home ‘may be result of corruption’

BBC faces corruption allegation over its Sir Cliff police raid coverage

Reporter’s relationship with police under scrutiny as DG is summoned by MPs to explain extensive live broadcast of swoop on singer’s home