Only one of the three potential buyers of Novo Banco decided to raise its offer - Apollo Global Management's private equity divison.

At the close of the enhanced offer deadline last Friday, Novo Banco’s Stock da Cunha received only one enhanced offer for the good parts of collapsed BES.

The British prime minister again is in the Algarve to enjoy a respite from the heady world of politics.

David Cameron, his wife Samantha and their three children are enjoying a holiday in rented house in the Monchique area.

Spain has been battling wildfires over the weekend, with particularly dangerous episodes in western Extremadura and south-eastern Murcia.

At least 1,400 residents and tourists had to be evacuated on Friday from towns and campsites in the Sierra de Gata mountain area near Caceres. The area borders on Portugal.

The Algarve’s beach-based first aid posts have proved invaluable to holiday makers with over 3,500 visits in July for a variety of conditions, bites and stings.

There are 32 first aid posts on the Algarve’s beaches in an initiative set up by the Regional Health Administration in collaboration with the Red Cross.

Jon Anderson Edwards, who disappeared from Lagos, Algarve, eleven months ago, has been spotted by his mother in a photo taken on Wednesday at a Chelsea match in London.

Mrs Edwards has no doubt at all that the picture is that of her missing son, standing among supporters while watching the game against Fiorentina.

Victor Guerreiro, the president of the Algarve’s business group ACRAL, today called for an end to the tolls on the Via do Infante, saying that any financial impact will be reduced by the recent negotiation to reduce the cost of the public-private partnership used to fund the motorway’s construction and operation.

The renegotiation of the contract for the design, construction, financing, operation and maintenance of the Via do Infante, which resulted in savings for the state of €85 million, "could lessen the financial impact of the suspension of tolls the benefit of which would extend to the whole regional economy," said Guerreiro, with rare insight.

Fans of Portugal’s legal system will have a hard time coming up with suitable superlatives at the news that PT has lost a court case to the benefit of Optimus after an astounding 14 years of legal wrangling.

Portugal Telecom’s former mobile network subsidiary TMN now has to pay €35 million to Optimus in compensation plus interest.

A man died on Thursday night after he crashed his motorbike at a poorly marked and unlit roundabout under construction.

The section of road is at the intersection of the EN125 in Vale de Boi, in the Vila do Bispo council area.