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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 The shares duly raced even further ahead of a 950p indicative offer that was withdrawn in May by a major shareholder in cahoots with private equity.

Fast Track: How I Got Here: Gay Kellaway's Route to the Top

Gay Kellaway, 35, is the UK's top female horse trainer as well as one of the most respected riders in the business. Having beaten racing legends such as Lester Piggott and Willie Carson, she still remains the only female rider ever to have won at Royal Ascot

Racing: Aljabr ready to complete renaissance

IT SEEMED we had seen the unravelling of a racehorse at Churchill Downs in the spring. Aljabr, Godolphin's unbeaten two-year-old, had amused the locals with eccentric track behaviour in the build-up to the Kentucky Derby. Then, two days before the run for the roses, the grey broke down physically as well with muscle problems. He seemed to have gone.

Brian's diary

I've paraded at Ascot. I've made a splash at Henley. I've been seen in all the right places. But, my dear, the people... What on earth has happened to The Season?

Racing: Balisada to foil Cape's crusade

THE LAST time Cape Verdi appeared on a racecourse, she swallowed hundreds of thousands of gambled pounds in a two-and-a-half minute stagger around Epsom, but no one will hold that against her today. When she passed the post in ninth place behind High-Rise in the 1998 Derby, having started the race as the 11-4 favourite, it seemed that a Godolphin stud farm in the Suffolk countryside would be as close as she would ever get to a track again. What we forgot, though, was that Godolphin do not seem to operate like that.

Racing: Ramruma odds-on for the Irish Oaks

RAMRUMA THE Oaks winner is 4-9 with the Irish bookmakers Cashmans to follow up her Epsom success in the Irish version on Sunday. Polaire is rated the home team's best hope at 7-1, for a race which has been won by an Irish filly in each of the past three years.

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NEWMARKET

PUNTERS' GUIDE

Simon Holt of Channel 4 Racing analyses the Northumberland Plate

The Critics: Radio: My goodness, this is confusing

This has been a momentous week: I have decided to sell the TV. Radio is not only my job: it has become my life. Picture the scene, if you will (which radio allows you to do in a way TV doesn't). It is Thursday afternoon, and in the cricket World Cup Shane Warne has decided to tear the South Africans a new orifice by taking three wickets in eight balls. It occurred to me that it might be nice to nip downstairs and watch a bit of this on the telly.

Racing: Quickest on the draw is Damalis

NO HATS, no posers, no chance of being buttonholed by Jeff Banks - what a blissful place Ascot promises to be this afternoon. The horses, admittedly, are of a rather lower standard than those running earlier in the week, but most serious racegoers, the ones who pay their entrance money 12 months of the year, may agree that it is a small price to pay.

Racing: Johnston's stable continues to shine

MARK JOHNSTON has struck a purple patch and Shontaine and Forum Girl, both ridden by John Carroll, made their contribution, modest though it may have been, to a great day for the stable with clear-cut successes at Ayr yesterday.

Racing: Angel and Valentine are ready for Wince

THREE WINNERS of 1,000 Guineas are likely to confront each other in next Wednesday's Coronation Stakes at Royal Ascot.

Racing: Killer heads for Ascot

KILLER INSTINCT is still on course for the St James's Palace Stakes at Royal Ascot on Tuesday. There had been a report that the "talking horse," one-time favourite for the 2,000 Guineas, had run his last race in Britain and was set for export to the United States.

Racing: Berry at the Double

ANTONIA'S DOUBLE won for Jack Berry at Redcar yesterday and his Cockerham stable is hoping the filly's success is a good omen for Selhurstpark Flyer who runs at Epsom on Saturday. Partnered by Paul Fessey, Antonio's Double made all the running in the Tote Sprint Handicap.

Racing: Killer Instinct is on trial for Royal Ascot

KILLER INSTINCT could yet make the line-up for the St James's Palace Stakes at Royal Ascot subject to a good performance this weekend. The Henry Cecil-trained three-year-old, who was ante-post favourite for the 2000 Guineas before he even set foot on a racecourse, has been put in the one-mile Heron Stakes at Kempton Park on Saturday evening. He is also entered for the Rose Hill Stakes over a mile and a quarter at Doncaster the same day.

Racing: Channon has Royal Ascot in his sights

TWO OF Mick Channon's best two-year-olds go on display in the next fortnight and the Kingsdown trainer has Royal Ascot on his mind as he sends the recent winners Ma Yoram and Cotton House to Ascot and Salisbury respectively.
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