After months of speculation, the mining and commodity giants Xstrata and Glencore has finally revealed just how much they want to keep Mick Davis running the combined show following their merger – £28.8m.

Debts are soaring at Thomas Cook, but the stricken travel operator insists it has a bright future. In the six months to March, Thomas Cook recorded a loss of £713m, which was about what the City expected. The shares still fell 7 per cent, or 1.5p, to 18.75p.

Mick Davis's huge retention package revealed in Glencore deal prospectus may spark investor revolt

Logica shares rocketed up 69 per cent yesterday after the British IT services group said it had agreed to a £1.7bn takeover by Canada's CGI Group.

Sales at the DIY superstore B&Q slumped in April as the wet weather left few people with good reason to buy outdoor furniture or start ambitious plans for the garden.

Lord Bell is facing a fight to get approval for his £19.6m management buyout of the controversial PR firm Bell Pottinger after top shareholder Sir Martin Sorrell criticised the financial terms as "strange".

Digital music revenues have overtaken those for CDs for the first time, marking a milestone for the music industry.

Does the end of the world start tomorrow? If you read too much of the wrong sort of publication (put that newspaper down sir, back away slowly) you could comfortably conclude that it does, even in face of the evidence that people who think so have been wrong every day so far. An alternative view: markets go up, markets go down. Their daily movements should not be taken so seriously. Billions get wiped on more often than they get wiped off. Panic selling almost never occurs (trust me, it doesn't often work like that).

Fresh doubts about investing in the social media sector emerged yesterday after Jellybook, a shell company set up by Jonathan Rowland, slumped to a maiden loss of £300,000.

Phew. That was quite an AGM season, wasn't it? Remuneration reports voted down, chief executives of FTSE 100 companies quitting soon after, noisy protests outside meetings... No wonder people dubbed it the "shareholder spring".

Fresh doubts about investing in the social media sector emerged yesterday after Jellybook, a shell company set up by Jonathan Rowland, slumped to a maiden loss of £300,000.

Arnaud Lagardère – must be related to Christine, of the International Monetary Fund, right?

The exit of Sly Bailey as chief executive of Trinity Mirror looked yesterday as though it could happen sooner than expected, after the troubled newspaper group abruptly replaced its chairman.