Apple's disappointing update this week sent shares in most of its suppliers tumbling, but smartphone parts maker Laird got City approval after its strategy update yesterday.

Market Report: BG Group nosedive sparks takeover talk

Huge share price falls get the City chattering about takeovers. The 13 per cent slump in BG Group's share price sparked just that yesterday.Dealers in the square mile were already gossiping by lunch time that the oil and gas group could be a takeover target for Shell.

Banks may seize indebted household waste collector Biffa

One of Britain's largest household waste collectors may be seized by its lenders because of crippling debts.

James Ashton: Qataris know that Heathrow is what really matters to BAA

Outlook Those Qataris must know something we don't. Only a day or so ago, they laid out £900m for a fifth of BAA, the owner of Heathrow. No sooner is the ink dry than BAA has thrown in the towel on its bid to hang onto Stansted airport, which it was ordered to sell by the Competition Commission three years ago.

The Market Report: Spotlight on Ithaca as bid talk returns

Are punters prepared to risk their hard-earned cash on Ithaca Energy again? There were plenty of burnt fingers in the Square Mile last month after the North Sea explorer called an end to bid talks with a number of suitors having failed to agree a deal, but yesterday takeover hopes were being stoked up once more.

Severn Trent pays £150m special dividend

Severn Trent announced a one-off, £150m special dividend for shareholders yesterday, as the water company cut leaks by 7 per cent to a record low last year.

Drought-hit water firm may buy in supplies

The hosepipe ban has put certain water firms under such pressure that at least one is considering deals with other companies across the country.

More takeovers in the water works

The sale of Northumbrian to Li Ka-Shing could be just the start of a wave of deals in the water industry

Fall in usage slows, says Severn Trent

Severn Trent has reported a smaller than expected decline in water consumption amid near drought conditions over the spring.

The Week Ahead: US and Europe set to hold back SABMiller

With its attempted takeover of Foster's seemingly stalled, SABMiller's trading performance will be in focus this week when the world's second-biggest brewer releases its update for the first quarter on Thursday.

Market Report: International hopes help WH Smith to advance

It may be a British institution, but WH Smith was being praised for its potential beyond these shores last night as the high-street stalwart charged up the mid-tier index.

Market Report: Bid hopes and cost cuts boost Micro Focus

Claims investors are underestimating both the likelihood of a bid and the positive effects of recent cost-cutting measures gave a boost to Micro Focus yesterday, helping the software company rise up the mid-tier index.

Leading article: Preparation is the only defence against drought

The consequences of an exceptionally dry spring are hitting home.

Farmers fear the worst after driest spring since records began

Crop yields could be cut by half as parts of Britain are declared drought zones – and hosepipe bans loom for millions

Drought grips parts of UK

"Intense" drought conditions are gripping parts of the UK after another month of scarce rainfall in some areas, experts said today.

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Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
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Kate Bush, Hammersmith Apollo music review: A preamble, then a coup de théâtre - and suddenly the long wait felt worth it

Kate Bush shows a voice untroubled by time

A preamble, then a coup de théâtre - and suddenly the long wait felt worth it
Robot sheepdog technology could be used to save people from burning buildings

The science of herding is cracked

Mathematical model would allow robots to be programmed to control crowds and save people from burning buildings
Tyrant: Is the world ready for a Middle Eastern 'Dallas'?

This tyrant doesn’t rule

It’s billed as a Middle Eastern ‘Dallas’, so why does Fox’s new drama have a white British star?
Rachael Lander interview: From strung out to playing strings

From strung out to playing strings

Award-winning cellist Rachael Lander’s career was almost destroyed by the alcohol she drank to fight stage fright. Now she’s playing with Elbow and Ellie Goulding
The science of saturated fat: A big fat surprise about nutrition?

A big fat surprise about nutrition?

The science linking saturated fats to heart disease and other health issues has never been sound. Nina Teicholz looks at how governments started advising incorrectly on diets
Emmys 2014 review: Can they genuinely compete with the Oscars

Can they genuinely compete with the Oscars?

The recent Emmy Awards are certainly glamorous, but they can't beat their movie cousins
On the road to nowhere: A Routemaster trip to remember

On the road to nowhere

A Routemaster trip to remember
Hotel India: Mumbai's Taj Mahal Palace leaves its darker days behind

Hotel India

Mumbai's Taj Mahal Palace leaves its darker days behind
10 best pencil cases

Back to school: 10 best pencil cases

Whether it’s their first day at school, uni or a new project, treat the student in your life to some smart stationery
Arsenal vs Besiktas Champions League qualifier: Gunners know battle with Turks is a season-defining fixture

Arsenal know battle with Besiktas is a season-defining fixture

Arsene Wenger admits his below-strength side will have to improve on last week’s show to pass tough test
Pete Jenson: Athletic Bilbao’s locals-only transfer policy shows success does not need to be bought

Pete Jenson: A Different League

Athletic Bilbao’s locals-only transfer policy shows success does not need to be bought
This guitar riff has been voted greatest of all time

The Greatest Guitar Riff of all time

Whole Lotta Votes from Radio 2 listeners
Britain’s superstar ballerina

Britain’s superstar ballerina

Alicia Markova danced... every night of the week and twice on Saturdays
Berlin's Furrie invasion

Berlin's Furrie invasion

2000 fans attended Eurofeurence
‘It was a tidal wave of terror’

‘It was a tidal wave of terror’

Driven to the edge by postpartum psychosis