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Outlook Over to a business that works, in the form of Betfair. It looks like a winner. The gambling company jumped to the head of the field by trouncing the City's profit forecasts and handed out sugar lumps to the shareholders in its stable with a chunky dividend hike. The shares duly raced even further ahead of a 950p indicative offer that was withdrawn in May by a major shareholder in cahoots with private equity.

It's official: Ascot just ain't posh no more

With images of brawling, tattooed men disfiguring Ladies' Day, Matthew Bell muses on the changing of the Season

Fame and Glory wins Gold Cup at Royal Ascot

Fame And Glory continued Ballydoyle's great tradition in the Gold Cup at Royal Ascot.

Portfolio: Emil Hartvig

There are many fun ways to choose which horse to put your money on at this week's Royal Ascot: you could study the form and weather conditions; you could close your eyes and use a pin to pick a pony; or you could – and this is one for the real aficionados out there – choose according to which jockey's silks you like best.

Hot to trot: Royal Ascot is the ultimate hat parade

Never mind the horses... Master milliner Stephen Jones tells Susannah Frankel why Royal Ascot is hat heaven.

'Brute' Junior ready for Ascot freak show

A week today, on the opening afternoon of the Royal Ascot meeting, stand by for what seems to be developing as a freak show. First up will be the explosive 2,000 Guineas winner Frankel, a horse who has attracted that particular f-word more than any other this season. And on the same bill is Junior, to whom that and other f-words have been applied for some time.

Sarafina finds the silver lining at Saint-Cloud

As though goaded by the example of Goldikova, who had registered a 13th Group One success on the other side of Paris the previous afternoon, Sarafina yesterday showed that she may also be maturing into a formidable force on Europe's elite stage with an impressive performance in a Group Two race at Saint-Cloud. Unlucky in running when third to Workforce in the Prix de l'Arc de Triomphe last season, Sarafina is now 10-1 from 12-1 with Ladbrokes to make amends this autumn. Trained for the Aga Khan by Alain de Royer-Dupre, Sarafina had shaped well on her reappearance and this time smoothly disposed of Announce, a well regarded filly in the care of Andre Fabre. She will now return to the top grade, with the Grand Prix de Saint-Cloud among her options.

Canford Cliffs' team keen to have a crack at Frankel

Connections of Lockinge hero are relishing clash with Guineas wonder horse

Combine Strong Suit with some wild cards

As the new Flat season gets under way, Chris McGrath nominates 10 horses to follow, from Dordogne to Montparnasse

Rip Van Winkle heeds Murtagh's wake-up call

Slumbering giant of Ballydoyle recaptures top-class form with victory in International Stakes

Three Questions: Luke Nolen

Australia's leading jockey is riding in Britain for the first time at Ascot this afternoon. The 30-year-old made a remarkable comeback from injury last year, returning to the saddle after suffering seven smashed facial bones and a bruised brain in a fall at a Brisbane track in 2008.

Canford backers fear an upset in Sussex Stakes

Two colts apparently tower above the rest in the biggest race of the week, but there is a corresponding polarity in the betting, and backing either for the Sussex Stakes today will be a nervy business. Canford Cliffs is odds-on, after coming of age in devastating fashion at the Curragh and Royal Ascot, but needs to improve again to surpass the performance of Rip Van Winkle in this race last year. It is difficult, however, to know whether the latter is likely to run up to that form after a tame run at Royal Ascot last month.

First Ladies Day, now Luvvies Day

The actor Martin Clunes may have made his name as one of the Men Behaving Badly, but he was on his best behaviour yesterday as he arrived for the fourth day of Royal Ascot.

Royal Ascot a riot of colour for Ladies' Day

Royal Ascot was a riot of colour today for the annual festival of fashion that is Ladies' Day.

My Secret Life: Jeremy Kyle, chat show host, 44

My parents were ... everything to me. They sacrificed so much for my education and together they showed me each and every day what it takes to be a proper, respectful and decent human being.

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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Backhanders, bribery and abuses of power have soared in China as economy surges

Bribery and abuses of power soar in China

The bribery is fuelled by the surge in China's economy but the rules of corruption are subtle and unspoken, finds Evan Osnos, as he learns the dark arts from a master
Commonwealth Games 2014: Highland terriers stole the show at the opening ceremony

Highland terriers steal the show at opening ceremony

Gillian Orr explores why a dog loved by film stars and presidents is finally having its day
German art world rocked as artists use renowned fat sculpture to distil schnapps

Brewing the fat from artwork angers widow of sculptor

Part of Joseph Beuys' 1982 sculpture 'Fettecke' used to distil schnapps
BBC's The Secret History of Our Streets reveals a fascinating window into Britain's past

BBC takes viewers back down memory lane

The Secret History of Our Streets, which returns with three films looking at Scottish streets, is the inverse of Benefits Street - delivering warmth instead of cynicism
Joe, film review: Nicolas Cage delivers an astonishing performance in low budget drama

Nicolas Cage shines in low-budget drama Joe

Cage plays an ex-con in David Gordon Green's independent drama, which has been adapted from a novel by Larry Brown
How to make your own gourmet ice lollies, granitas, slushy cocktails and frozen yoghurt

Make your own ice lollies and frozen yoghurt

Think outside the cool box for this summer's tempting frozen treats
Ford Fiesta is UK's most popular car of all-time, with sales topping 4.1 million since 1976

Fiesta is UK's most popular car of all-time

Sales have topped 4.1 million since 1976. To celebrate this milestone, four Independent writers recall their Fiestas with pride
10 best reed diffusers

Heaven scent: 10 best reed diffusers

Keep your rooms smelling summery and fresh with one of these subtle but distinctive home fragrances that’ll last you months
Commonwealth Games 2014: Female boxers set to compete for first time

Female boxers set to compete at Commonwealth Games for first time

There’s no favourites and with no headguards anything could happen
Five things we’ve learned so far about Manchester United under Louis van Gaal

Five things we’ve learned so far about United under Van Gaal

It’s impossible to avoid the impression that the Dutch manager is playing to the gallery a little
Screwing your way to the top? Good for Lana Del Rey for helping kill that myth

Screwing your way to the top?

Good for Lana Del Rey for helping kill that myth, says Grace Dent
Will the young Britons fighting in Syria be allowed to return home and resume their lives?

Will Britons fighting in Syria be able to resume their lives?

Tony Blair's Terrorism Act 2006 has made it an offence to take part in military action abroad with a "political, ideological, religious or racial motive"
Beyoncé poses as Rosie the Riveter, the wartime poster girl who became a feminist pin-up

Beyoncé poses as Rosie the Riveter

The wartime poster girl became the ultimate American symbol of female empowerment
The quest to find the perfect pair of earphones: Are custom, 3D printed earbuds the solution?

The quest to find the perfect pair of earphones

Earphones don't fit properly, offer mediocre audio quality and can even be painful. So the quest to design the perfect pair is music to Seth Stevenson's ears
US Army's shooting star: Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform

Meet the US Army's shooting star

Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform