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Istanbul aggressively increased its overnight lending rate to 12% from 7.75%

Time please ladies and gentlemen: M&B loses yet another chairman

The departure of the chairman comes at a time when the group is also looking for a new chief executive

Pendragon launches rights issue to deal with debt

Pendragon, Britain's biggest motor retailer, is to raise £71m through a discounted rights issue in order to tackle its debts.

ConocoPhillips to split into two separate companies

ConocoPhillips is to split into two, separately traded companies, the third largest US oil company said yesterday, sending its stock soaring by nearly 6 per cent in early trade in New York.

IPO yields $538m for Guryev

The Russian fertiliser group PhosAgro priced its initial public offering at the bottom of an indicated range, shrugging off stock-market volatility to raise $538m (£334m) for its largest shareholder, Andrei Guryev.

Sir Stelios back at war with easyJet board

War broke out again yesterday between easyJet's founder, Sir Stelios Haji-Ioannou, and the company's board. In an 11-page letter, Sir Stelios threatened to organise a shareholder rebellion unless the airline abandons plans to buy more planes and returns profits to shareholders.

MWB steps up takeover bid

The hotels operator MWB has raised its potential offer for the 28 per cent of MWB Business Exchange that it does not already own after the office space supplier's second-biggest shareholder, Pyrrho Investment, said it would reject the initial bid.

David Prosser: News Corp's final shot across the bows

Outlook Finally, did you spot how even in withdrawing yesterday, NewsCorp was still trying to call the shots? Its statement included a warning: if BSkyB pays a higher dividend than it has agreed so far, any future offer for the company from News Corp might be below the 700p bid first time around.

Rent levels rise amid shortage of homes

A shortage of homes to let has forced rent levels higher and further increased the squeeze on cash-strapped consumers, according to figures today.

Hangover for Luminar as cash-strapped revellers shun nightclubs

Young people are increasingly staying away from pricey nightclubs in the wake of the economic downturn, forcing venue operator Luminar to issue its latest profit warning.

Laird shares fall on suitor's price stance

Shares in electrical products maker Laird fell 7 per cent to 190p after its US suitor Cooper Industries said it was still open to talks but would remain "disciplined" on the price.

No further damage after earthquake hits Japan

A strong earthquake jolted on Sunday the same area of northeastern Japan that was hit by a massive quake in March, but there was no sign of further damage along the coast or to the crippled Fukushima nuclear power plant, officials said.

Has cronyism wrecked Japan's long-term repair?

There have been better times to be Japanese. Still battling the unappeased demons of stagnation, bloated national debt, and the sclerotic effects of an ageing population, the authorities now seem paralysed in their efforts to rebuild after the 2011 earthquake. Despite the country's riches and technological know-how.

I'm sorry, says body-in-bathtub killer Tatsuya Ichihashi as he faces family in court

The Japanese man accused of murdering Lindsay Hawker has apologised to her family for raping and strangling the British teacher, but he denied intent to kill in the opening yesterday of his long-awaited trial outside Tokyo.

Rank investors accept Guoco's unwilling bid

Investors selling shares in Rank, owner of Mecca Bingo, are set to ignore an extraordinary plea from the Guoco Group to turn down its 150p-a-share takeover offer.

Parents fly to Tokyo for Lindsay Hawker murder trial

The parents of murdered British teacher Lindsay Hawker flew to Japan yesterday for her alleged killer's trial. Ms Hawker, 22, was found dead in a flat in Chiba, east of Tokyo, in March 2007.

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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
The Silk Roads that trace civilisation: Long before the West rose to power, Asian pathways were connecting peoples and places

The Silk Roads that trace civilisation

Long before the West rose to power, Asian pathways were connecting peoples and places
House of Lords: Outcry as donors, fixers and MPs caught up in expenses scandal are ennobled

The honours that shame Britain

Outcry as donors, fixers and MPs caught up in expenses scandal are ennobled
When it comes to street harassment, we need to talk about race

'When it comes to street harassment, we need to talk about race'

Why are black men living the stereotypes and why are we letting them get away with it?
International Tap Festival: Forget Fred Astaire and Ginger Rogers - this dancing is improvised, spontaneous and rhythmic

International Tap Festival comes to the UK

Forget Fred Astaire and Ginger Rogers - this dancing is improvised, spontaneous and rhythmic
War with Isis: Is Turkey's buffer zone in Syria a matter of self-defence – or just anti-Kurd?

Turkey's buffer zone in Syria: self-defence – or just anti-Kurd?

Ankara accused of exacerbating racial division by allowing Turkmen minority to cross the border
Doris Lessing: Acclaimed novelist was kept under MI5 observation for 18 years, newly released papers show

'A subversive brothel keeper and Communist'

Acclaimed novelist Doris Lessing was kept under MI5 observation for 18 years, newly released papers show
Big Blue Live: BBC's Springwatch offshoot swaps back gardens for California's Monterey Bay

BBC heads to the Californian coast

The Big Blue Live crew is preparing for the first of three episodes on Sunday night, filming from boats, planes and an aquarium studio
Austin Bidwell: The Victorian fraudster who shook the Bank of England with the most daring forgery the world had known

Victorian fraudster who shook the Bank of England

Conman Austin Bidwell. was a heartless cad who carried out the most daring forgery the world had known
Car hacking scandal: Security designed to stop thieves hot-wiring almost every modern motor has been cracked

Car hacking scandal

Security designed to stop thieves hot-wiring almost every modern motor has been cracked
10 best placemats

Take your seat: 10 best placemats

Protect your table and dine in style with a bold new accessory
Ashes 2015: Alastair Cook not the only one to be caught in The Oval mindwarp

Cook not the only one to be caught in The Oval mindwarp

Aussie skipper Michael Clarke was lured into believing that what we witnessed at Edgbaston and Trent Bridge would continue in London, says Kevin Garside
Can Rafael Benitez get the best out of Gareth Bale at Real Madrid?

Can Benitez get the best out of Bale?

Back at the club he watched as a boy, the pressure is on Benitez to find a winning blend from Real's multiple talents. As La Liga begins, Pete Jenson asks if it will be enough to stop Barcelona
Athletics World Championships 2015: Beijing witnesses new stage in the Jessica Ennis-Hill and Katarina Johnson-Thompson heptathlon rivalry

Beijing witnesses new stage in the Jess and Kat rivalry

The last time the two British heptathletes competed, Ennis-Hill was on the way to Olympic gold and Johnson-Thompson was just a promising teenager. But a lot has happened in the following three years
Jeremy Corbyn: Joining a shrewd operator desperate for power as he visits the North East

Jeremy Corbyn interview: A shrewd operator desperate for power

His radical anti-austerity agenda has caught the imagination of the left and politically disaffected and set a staid Labour leadership election alight
Isis executes Palmyra antiquities chief: Defender of ancient city's past was killed for protecting its future

Isis executes Palmyra antiquities chief

Robert Fisk on the defender of the ancient city's past who was killed for protecting its future