Investors' attention switches to the water utilities this week, with a number of groups in the sector releasing their full-year figures amid fears the severe weather experienced over the winter will result in fines being imposed for missed leakage targets.

A solar-powered pilotless plane which was built in the UK has been recognised as having smashed the world record for the longest time spent in the air by an unmanned autonomous vehicle (UAV), after staying aloft for two weeks.

There was lift-off yesterday for Qinetiq after the defence company won a lucrative contract with Nasa, but it could not maintain altitude as the markets failed to hang on to their early gains.

The boss of the boffins?

There was a double dose of good news for British Airways yesterday, which was soaring on the blue-chip index thanks to a positive read-across from across the Channel and an important legal victory.

Glaxosmithkline was revitalised yesterday, as the risk to one of its main drugs from a generic competitor receded.

Wolseley continued its remarkable recent run yesterday, after bullish comments from Credit Suisse predicted an increase in homeowners and businesses "improving, not moving".

The top tier was listless yesterday until it was hit late in the session as China surprised the market by raising its interest rates, the first such change by the government in three years.

Do you really want to be investing in companies whose major customer has promised to cut orders "ruthlessly and without sentiment"?

The Government ended its £750m border security contract with a consortium led by Raytheon yesterday, saying it had no confidence in the US company.

Union leaders said they were shocked after Qinetiq announced plans to cut almost 400 jobs under a restructuring of the business.