Sport Bobbing along: Bobs Worth and Barry Geraghty take the Lexus with ease

Gold Cup champion trounces Irish challengers to become clear favourite to retain Festival crown

Betfair stumps up £6m for UK betting levy

Betfair, the biggest online betting company, will hand over a £6m lump sum to the Horserace Betting Levy Board this month.

The City Diary: Waley-Cohen proves he's more than a show pony

Slackbelly in Cheltenham

How a flutter can become a lethal addiction

Charities are reporting a big rise in calls from addicts, while bookies and casinos rake in bigger and bigger profits.

Market Report: Insurers boost top tier despite news from Japan

The top-tier index was covered in blue last night as it finally managed to bring to an end a run of six straight sessions of falls. The challenge for investors, however, was to separate the stocks that were over-sold after the tragedy in Japan from those merely experiencing a dead cat bounce.

The City Diary: So taxing. Betfair finally moves offshore

Betfair, the FTSE-250 gambling group which has found life as a public company heavy going, announced last week that it will be operating offshore – a move that would have saved the group £18.5m in tax on their gross profits last year.

Arena Leisure warns of hurdles ahead as betting levy falls

The racecourse operator Arena Leisure last night warned of a tough year ahead as it faces up to a cutback in funding generated by the tax on bookmakers.

The City Diary: Oil firm seeks lawyers – must enjoy hard work

Fancy a career at America's least favourite oil group? BP is searching for a clutch of lawyers to join it in Texas – the scene of one of the group's most infamous disasters, which killed 15 workers and injured many more in 2005.

Business Diary: The Betfair Twitter mystery solved

Betfair's mysterious Twitter page turns out to be a marketing experiment. As the Diary has reported over the past week or so, the online poker company's official Twitter page spews out a stream of bizarre messages every day, none of them related to gambling. Now Richard Bloch, its international PR manager, explains: "It took us a while to work out how Twitter worked – we realised people don't want to be bored with links to the website and bombarded with marketing, so we had to mix it up and provide information as well as something interesting." It seems to be working: Betfair has 7,000 followers so far.

Business Diary: Bespoke bride firm booming

Hats off to Joseph Weiner. When the former investment banker, a New Yorker who these days lives in London, decided to start his own business he had the courage of his convictions, despite other folk's scepticism. Some 14 years later, Hand-in-Hand is thriving, Weiner tells the latest issue of Bloomberg Business Week. For those of you unfamiliar with the company, it charges men up to $2,000 (£1,300) for a "supervised courtship" – a match-making process with young women from Eastern Europe. "Every guy wants a beautiful younger woman," says Weiner.

Business Diary: Betfair moves in mysterious ways

Has the online bookmaker Betfair shelled out for an expensive online-marketing strategy from some whacky agency? Its Twitter page is bizarre and appears to begenuine, judging by the expensive display advertising that accompanies its tweets. None of these is related to Betfair's trading activities and almost all are idiosyncratic to say the least. The latest Betfair tweet – "I look to the skies. Another eagle will be here soon" – is a prime example. What on earth is going on?

Business Diary: Child's play to see through this stunt

Retailers, eh. You really get the chance to see them at their very worst during the January sales, and Toys R Us came up with a doozy with its offer on a Thomas the Tank Engine "Cranky The Crane" set at its Newbury Park branch.

The City Diary: Santa Ocado

It's that time of year when we get to enjoy a rare public appearance by Jason "Missing" Gissing, the reclusive co-founder of online grocer Ocado (whose job title of "director of people, culture and communications" hardly reflects his behaviour).

Margareta Pagano: Fairness is the only way to reform our tax

Something is deeply disturbing about a government which steam-rollers controversial changes to higher education funding through yet shows no inclination to reform regulations which allow British companies to avoid millions in tax.

David Prosser: Christmas sales melt away despite the thaw

Outlook The cost of the wintry weather of the past few weeks mounts by the day – a string of companies warned they had taken a hit yesterday, while M&S added its name to the list of businesses that now feel unable to commit to making deliveries in Scotland.

Investment Column: Capita faces outsourcing uncertainty

Betfair; Domino Printing
Latest stories from i100
Career Services

Day In a Page

A
Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
Greece debt crisis: What happened to democracy when it’s a case of 'Vote Yes or else'?

'The economic collapse has happened. What is at risk now is democracy...'

If it doesn’t work in Europe, how is it supposed to work in India or the Middle East, asks Robert Fisk
The science of swearing: What lies behind the use of four-letter words?

The science of swearing

What lies behind the use of four-letter words?
The Real Stories of Migrant Britain: Clive fled from Zimbabwe - now it won't have him back

The Real Stories of Migrant Britain

Clive fled from Zimbabwe - now it won’t have him back
Africa on the menu: Three foodie friends want to popularise dishes from the continent

Africa on the menu

Three foodie friends want to popularise dishes from the hot new continent
Donna Karan is stepping down after 30 years - so who will fill the DKNY creator's boots?

Who will fill Donna Karan's boots?

The designer is stepping down as Chief Designer of DKNY after 30 years. Alexander Fury looks back at the career of 'America's Chanel'
10 best statement lightbulbs

10 best statement lightbulbs

Dare to bare with some out-of-the-ordinary illumination
Wimbledon 2015: Heather Watson - 'I had Serena's poster on my wall – now I'm playing her'

Heather Watson: 'I had Serena's poster on my wall – now I'm playing her'

Briton pumped up for dream meeting with world No 1
Wimbledon 2015: Nick Bollettieri - It's time for big John Isner to produce the goods to go with his thumping serve

Nick Bollettieri's Wimbledon Files

It's time for big John Isner to produce the goods to go with his thumping serve
Dustin Brown: Who is the tennis player who knocked Rafael Nadal out of Wimbeldon 2015?

Dustin Brown

Who is the German player that knocked Nadal out of Wimbeldon 2015?
Ashes 2015: Damien Martyn - 'England are fired up again, just like in 2005...'

Damien Martyn: 'England are fired up again, just like in 2005...'

Australian veteran of that Ashes series, believes the hosts' may become unstoppable if they win the first Test
Tour de France 2015: Twins Simon and Adam Yates have a mountain to climb during Tour of duty

Twins have a mountain to climb during Tour of duty

Yates brothers will target the steepest sections in bid to win a stage in France
John Palmer: 'Goldfinger' of British crime was murdered, say police

Murder of the Brink’s-MAT mastermind

'Goldfinger' of British crime's life ended in a blaze of bullets, say police
Forget little green men - aliens will look like humans, says Cambridge University evolution expert

Forget little green men

Leading evolutionary biologist says aliens will look like humans
The Real Stories of Migrant Britain: An Algerian scientist adjusts to life working in a kebab shop

The Real Stories of Migrant Britain

An Algerian scientist struggles to adjust to her new life working in a Scottish kebab shop
Bodyworlds museum: Dr Gunther von Hagens has battled legal threats, Parkinson's disease, and the threat of bankruptcy

Dying dream of Doctor Death

Dr Gunther von Hagens has battled legal threats, Parkinson's disease, and the threat of bankruptcy