SLIPPING INTO A NEW ERA : A sculpture by British artist Richard Wilson entitled Slipstream in the new Terminal Two at Heathrow Airport west of London. The terminal is due to open to passengers on June 23. (Ben Stansall, AFP)
In other news
Swiss pharmaceuticals giant Novartis has posted a jump in first-quarter net profit, driven largely by the sale of a blood transfusion diagnostics unit.
British pharmaceutical giant AstraZeneca has announced a halving of net profits in the first quarter, following the loss of exclusivity for key drugs.
Global stocks are back on the front foot, as upbeat earnings from tech heavyweights Apple and Facebook helps the sector after its hit.
Premier Foods, the British maker of Mr Kipling cakes and Bisto gravy, says a tough
grocery market and the timing of Easter hit sales in its first quarter.
Apple has approved another $30bn in share buybacks till the end of 2015 and authorised a rarely seen seven-for-one stock split.
Facebook profits have nearly tripled in the first quarter on a 72% surge in revenues, helped by gains in mobile users and mobile advertising.
The US Food and Drug Administration has proposed rules that would ban the
sale of e-cigarettes to anyone under 18.
South African wool prices have continued to rise at this week's national sale, says Cape Wools.