Berkshire set for bonanza on 38% stake in Home Capital
Berkshire Hathaway has earned paper gains of 72% on a 38% stake it acquired recently in Home Capital as part of a rescue plan for the troubled Canadian mortgage lender. Shares of Home Capital spiked in midday trading on Thursday after it disclosed the deal. (NY Times)

Institutional sale of UK shares hits record £15bn in first quarter
Insurers and pension funds sold UK shares worth a record £15bn in the three months ended March, amid economic and political concerns, figures from Office for National Statistics reveal. (Times)