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?

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.

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.

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
In this photo illustration, the Twitter logo and hashtag '#Ring!' is displayed on a mobile device as the company announced its initial public offering and debut on the New York Stock Exchange on November 7, 2013 in London, England. Twitter went public on the NYSE opening at USD 26 per share, valuing the company's worth at an estimated USD 18 billion.
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Australia singer Iggy Azalea has been attacked by Eminem in a new rap
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Singer was ordered not to 'blow her rape whistle' in song 'Vegas'

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'Africa' will be Angelina Jolie's fifth film as a director
film

Mr and Mrs Smith star admits she's 'never been comfortable on-screen'

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Myleene Klass
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Winnie the Pooh has been branded 'inappropriate' in Poland
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Ashton Kutcher speaking at Human Rights Watch's Voices For Justice dinner in November 2013
people'What is so wrong about digging up dirt on shady journalist?'
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Martin Freeman and Benedict Cumberbatch as John Watson and Sherlock Holmes in Sherlock
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Co-creator Mark Gatiss dropped some very intriguing hints ahead of the BBC drama's return next year

Life and Style
Jane Merrick rides on a Micro Scooter through St James's Park, on November 18, 2014 in London, United Kingdom.
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Babysitter Katie and Paul have terse words in the park
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US immigration: President Obama ready to press ahead with long-promised plan to overhaul 'broken system' - but will it get past a Republican-controlled Congress?

Immigration: Obama's final frontier

The President is ready to press ahead with the long-promised plan to overhaul America's 'broken system' - but will it get past a Republican-controlled Congress?
Bill Cosby rape allegations explained: Why are these allegations coming out now? Why didn’t these women come forward earlier? And why has nobody taken legal action?

Bill Cosby rape allegations explained

Why are these allegations coming out now? Why has nobody taken legal action? And what happens next for the man once thought of as 'America's Dad'
Four years of excruciating seizures caused by the 1cm tapeworm found burrowing through a man's brain

You know that headache you’ve got?

Four years of excruciating seizures caused by the 1cm tapeworm found burrowing through a man's brain
Travelling to work by scooter is faster than walking and less sweaty than cycling, so why aren’t we all doing it?

Scoot commute

Travelling to work by scooter is faster than walking and less sweaty than cycling, so why aren’t we all doing it?
Paul Robeson: The story of how an American icon was driven to death to be told in film

The Paul Robeson story

How an American icon was driven to death to be told in film
10 best satellite navigation systems

Never get lost again: 10 best satellite navigation systems

Keep your vehicle going in the right direction with a clever device
Paul Scholes column: England must learn to keep possession and dictate games before they are exposed by the likes of Germany and Brazil

Paul Scholes column

England must learn to keep possession and dictate games before they are exposed by the likes of Germany and Brazil
Michael Dawson: I’ll thank Spurs after we win says defender as he prepares to return with Hull

Michael Dawson: I’ll thank Spurs after we win

Hull defender faces his struggling former club on Sunday ready to show what they are missing. But he says he will always be grateful to Tottenham
Frank Warren column: Dr Wu has big plans for the professionals yet he should stick to the amateur game

Frank Warren column

Dr Wu has big plans for the professionals yet he should stick to the amateur game
Synagogue attack: Fear unites both sides of Jerusalem as minister warns restoring quiet could take 'months'

Terror unites Jerusalem after synagogue attack

Rising violence and increased police patrols have left residents of all faiths looking over their shoulders
Medecins sans Frontieres: The Ebola crisis has them in the headlines, but their work goes far beyond West Africa

'How do you carry on? You have to...'

The Ebola crisis has Medecins sans Frontieres in the headlines, but their work goes far beyond West Africa
Isis extends its deadly reach with suicide bombing in Kurdish capital

Isis extends its deadly reach with suicide bombing in Kurdish capital

Residents in what was Iraq’s safest city fear an increase in jihadist attacks, reports Patrick Cockburn
Underwater photography competition winners 2014 - in pictures

'Mysterious and inviting' shot of diver wins photography competition

Stunning image of cenote in Mexico takes top prize
Sir John Major: Negative West End portrayals of politicians put people off voting

Sir John Major hits out at theatres

Negative West End portrayals of politicians put people off voting
Kicking Barbie's butt: How the growth of 3D printing enabled me to make an army of custom-made figurines

Kicking Barbie's butt

How the growth of 3D printing enabled toy-designer to make an army of custom-made figurines