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.

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Kenny Ireland, pictured in 2010.
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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
Save the tiger: Tiger, tiger burning less brightly as numbers plummet

Tiger, tiger burning less brightly

When William Blake wrote his famous poem there were probably more than 100,000 tigers in the wild. These days they probably number around 3,200
A tale of two presidents: George W Bush downs his paintbrush to pen father’s life story

A tale of two presidents

George W Bush downs his paintbrush to pen father’s life story
Save the tiger: The day America’s love of backyard tigers led to a horrific bloodbath

The day America’s love of backyard tigers led to a horrific bloodbath

With only six per cent of the US population of these amazing big cats held in zoos, the Zanesville incident in 2011 was inevitable
Samuel Beckett's biographer reveals secrets of the writer's time as a French Resistance spy

How Samuel Beckett became a French Resistance spy

As this year's Samuel Beckett festival opens in Enniskillen, James Knowlson, recalls how the Irish writer risked his life for liberty and narrowly escaped capture by the Gestapo
We will remember them: relatives still honour those who fought in the Great War

We will remember them

Relatives still honour those who fought in the Great War
Star Wars Episode VII is being shot on film - and now Kodak is launching a last-ditch bid to keep celluloid alive

Kodak's last-ditch bid to keep celluloid alive

Director J J Abrams and a few digital refuseniks shoot movies on film. Simon Usborne wonders what the fuss is about
Once stilted and melodramatic, Hollywood is giving acting in video games a makeover

Acting in video games gets a makeover

David Crookes meets two of the genre's most popular voices
Could our smartphones soon be diagnosing diseases via Health Kit and Google Fit?

Could smartphones soon be diagnosing diseases?

Health Kit and Google Fit have been described as "the beginning of a health revolution"
Ryanair has turned on the 'charm offensive' but can we learn to love the cut-price carrier again?

Can we learn to love Ryanair again?

Four recent travellers give their verdicts on the carrier's improved customer service
Billionaire founder of Spanx launches range of jeans that offers

Spanx launches range of jeans

The jeans come in two styles, multiple cuts and three washes and will go on sale in the UK in October
10 best over-ear headphones

Aural pleasure: 10 best over-ear headphones

Listen to your favourite tracks with this selection, offering everything from lambskin earmuffs to stainless steel
Commonwealth Games 2014: David Millar ready to serve up gold for his beloved Scotland in the end

Commonwealth Games

David Millar ready to serve up gold for his beloved Scotland in the end
UCI Mountain Bike World Cup 2014: Downhill all the way to the top for the Atherton siblings

UCI Mountain Bike World Cup

Downhill all the way to the top for the Atherton siblings
Save the tiger: The animals bred for bones on China’s tiger farms

The animals bred for bones on China’s tiger farms

The big cats kept in captivity to perform for paying audiences and then, when dead, their bodies used to fortify wine
A former custard factory, a Midlands bog and a Leeds cemetery all included in top 50 hidden spots in the UK

A former custard factory, a Midlands bog and a Leeds cemetery

Introducing the top 50 hidden spots in Britain