MILTON FRIEDMAN, the free market economist who died last November, had little truck with the idea that businesses had responsibilities for anything other than making profits for investors.

The London market clawed back some of yesterday's losses today to come back within sight of the 6,400 mark as a mix of strong corporate results, and higher precious metal prices led a modest recovery.

Chief executive Peter Kenyon wants Chelsea to be the number one club in the world inside the next seven years.

Technology-based stocks took a battering today after a profits warning from bluetooth chip maker CSR.

The FTSE 100 Index sunk into the red today as inflation concerns continued to hit world markets.

The UK firm whose chips appear in more than half of all Bluetooth headsets and devices delighted investors today by admitting it had under-estimated demand for the wireless technology.