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 shares valued at up to £14 each

Betfair is set to be valued at up to £1.5bn when it reaches the stock market, after the company's shares were given an initial range of between £11 and £14. The stakes of the betting exchanges' two founders Ed Wray and Andrew Black will be worth between £261m and £333m on that range.

James Moore: A little story of betting and benefit cuts

Outlook A question that investors might like to pose Betfair as its directors tour the City with the aim of securing their backing for its forthcoming float: why are you still onshore?

Workforce still struggles to match Arc expectations

Connections of Workforce have long reserved the right to keep prevaricating until this morning. All being well, however, it has generally been assumed that the Derby winner would ultimately take his chance in the Prix de l'Arc de Triomphe at Longchamp on Sunday. Then, yesterday, Betfair punters suddenly allowed a colt quoted as short as 5-1 by bookmakers to trade at 14-1.

Business Diary: Early home win for Hemmings

Trevor Hemmings appears to have the Midas touch when it comes to sporting enterprises. On Tuesday, the day hisPreston North End delisted from the Alternative Investment Market, having been brought into the Blackpool Tower owner's private business empire, the team looked to be in for a rough ride. They found themselves 4-1 down to Leeds after 39 minutes only to pull off an astonishing fightback that saw the final result6-4 in their favour. Score one for Hemmings.

Place your bets: Betfair lines up listing at last

After years of market rumours, the online gaming group Betfair has finally decided to lay its cards on the table and gamble on a listing in London.

David Prosser: Goldman backs a winner in Betfair

Outlook There have been some worried bankers wandering the halls of the Fleet Street headquarters of Goldman Sachs these past few weeks. "We cannot have another Ocado," senior executives have been warning, a reference to the flotation of the online grocer in July. The IPO was humiliating for all concerned, with Ocado first forced to slash the price and then watch as the shares fell further in the weeks following the float. But it was all the more so for Goldman. It is not normally associated with such flops and the fact Ocado is run by two former employees of the investment bank raised eyebrows – did it flog a dead horse out of loyalty to old friends? Well, let us say this for Goldman. Betfair, its first large UK IPO since the debacle, is not another Ocado. It may be another online business and the float may make millionaires of its founders, at least on paper, but that is where the similarities end.

City Diary: The First London net spreads as Devilfish looks set to fold

Meet Dave "Devilfish" Ulliott, pictured above with a couple of advisers, one of the UK's most famous poker players having trousered more than £3.5m in prize money during his card playing career.

Findlay accuses BHA of 'vendetta'

For nearly two months, the volcano in Harry Findlay had been simmering dangerously. Yesterday, amid the sunlit gaiety of Ladies' Day here, the top finally blew. Planting himself squarely in the path of Nic Coward, chief executive of the British Horseracing Authority, Findlay gave furious public vent to the resentment he has been nursing since a disciplinary trauma suddenly turned his fairy-tale adventures on the Turf into a raging nightmare.

The City Diary: First London tests the patience of its investors

Slackbelly exposes the good, the bad, and the ugly of the Square Mile

France and Italy confront World Cup hangovers, too

It's not just England needing a good start to Euro qualifiers, while it's more hope than expectation for other home nations

Government to lose as bookies flee UK

Telephone and internet operations head offshore while betting shops suffer. Tax revenues could collapse, says James Moore

Japanese bank faces loss on Betfair listing

Softbank, a Japanese bank, is facing major losses on its 23 per cent stake in Betfair, the online betting exchange which is hoping to float in the autumn.

Superconnect, By Richard Koch and Greg Lockwood

This primer on network theory fails to convince

Hazlitt is given top advertising job at ITV

The new chief executive of ITV, Adam Crozier, has made his second key appointment, hiring the former chief executive of the radio group GCap.

News
The Banksy image in Folkestone before it was vandalised
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Life and Style
tech

Sales of the tablet are set to fall again, say analysts

Sport
football West Brom vs Man Utd match report: Blind grabs point, but away form a problem for Van Gaal
Arts and Entertainment
Gotham is coming to UK shores this autumn
tvGotham, episode 2, review
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Arts and Entertainment
Bloom Time: Mira Sorvino
tvMira Sorvino on leaving movie roles for 'The Intruders'
News
Brian Harvey turned up at Downing Street today demanding to speak to the Prime Minister
news

Met Police confirm there was a 'minor disturbance' and that no-one was arrested

Arts and Entertainment
George Lucas poses with a group of Star Wars-inspired Disney characters at Disney's Hollywood Studios in 2010
films

George Lucas criticises the major Hollywood film studios

Voices
Chris Grayling, Justice Secretary: 'There are pressures which we are facing but there is not a crisis'
voices

Does Chris Grayling realise what a vague concept he is dealing with?

Life and Style
A street vendor in Mexico City sells Dorilocos, which are topped with carrot, jimaca, cucumber, peanuts, pork rinds, spices and hot sauce
food + drink

Trend which requires crisps, a fork and a strong stomach is sweeping Mexico's streets

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Prices correct as of 17 October 2014
Oscar Pistorius sentencing: The athlete's wealth and notoriety have provoked a long overdue debate on South African prisons

'They poured water on, then electrified me...'

If Oscar Pistorius is sent to jail, his experience will not be that of other inmates
James Wharton: The former Guard now fighting discrimination against gay soldiers

The former Guard now fighting discrimination against gay soldiers

Life after the Army has brought new battles for the LGBT activist James Wharton
Ebola in the US: Panic over the virus threatens to infect President Obama's midterms

Panic over Ebola threatens to infect the midterms

Just one person has died, yet November's elections may be affected by what Republicans call 'Obama's Katrina', says Rupert Cornwell
Premier League coaches join the RSC to swap the tricks of their trades

Darling, you were fabulous! But offside...

Premier League coaches are joining the RSC to learn acting skills, and in turn they will teach its actors to play football. Nick Clark finds out why
How to dress with authority: Kirsty Wark and Camila Batmanghelidjh discuss the changing role of fashion in women's workwear

How to dress with authority

Kirsty Wark and Camila Batmanghelidjh discuss the changing role of fashion in women's workwear
New book on Joy Division's Ian Curtis sheds new light on the life of the late singer

New book on Ian Curtis sheds fresh light on the life of the late singer

'Joy Division were making art... Ian was for real' says author Jon Savage
Sean Harris: A rare interview with British acting's secret weapon

Sean Harris: A rare interview with British acting's secret weapon

The Bafta-winner talks Hollywood, being branded a psycho, and how Barbra Streisand is his true inspiration
Tim Minchin, interview: The musician, comedian and world's favourite ginger is on scorching form

Tim Minchin interview

For a no-holds-barred comedian who is scathing about woolly thinking and oppressive religiosity, he is surprisingly gentle in person
Boris Johnson's boozing won't win the puritan vote

Boris's boozing won't win the puritan vote

Many of us Brits still disapprove of conspicuous consumption – it's the way we were raised, says DJ Taylor
Ash frontman Tim Wheeler reveals how he came to terms with his father's dementia

Tim Wheeler: Alzheimer's, memories and my dad

Wheeler's dad suffered from Alzheimer's for three years. When he died, there was only one way the Ash frontman knew how to respond: with a heartfelt solo album
Hugh Bonneville & Peter James: 'Peter loves his classic cars; I've always pootled along fine with a Mini Metro. I think I lack his panache'

How We Met: Hugh Bonneville & Peter James

'Peter loves his classic cars; I've always pootled along fine with a Mini Metro. I think I lack his panache'
Bill Granger recipes: Our chef's heavenly crab dishes don't need hours of preparation

Bill Granger's heavenly crab recipes

Scared off by the strain of shelling a crab? Let a fishmonger do the hard work so you can focus on getting the flavours right
Radamel Falcao: How faith and love drive the Colombian to glory

Radamel Falcao: How faith and love drive the Colombian to glory

After a remarkable conversion from reckless defender to prolific striker, Monaco's ace says he wants to make his loan deal at Old Trafford permanent
Terry Venables: Premier League managers must not be allowed to dictate who plays and who does not play for England

Terry Venables column

Premier League managers must not be allowed to dictate who plays and who does not play for England
The Inside Word: Brendan Rodgers looks to the future while Roy Hodgson is ghost of seasons past

Michael Calvin's Inside Word

Brendan Rodgers looks to the future while Roy Hodgson is ghost of seasons past