Sport Lizzy Yarnold kisses her trophy after being crowned the women's skeleton world champion near Koenigssee, southern Germany

The Kent slider finishes ninth in Konigssee, enough to finish the season as champion

ICL sets its sights on £5bn return to market

A decade after being sold to Fujitsu, the UK's one-time challenger to IBM is reinventing itself

`No frills' Virgin flies Down Under

`No frills' Virgin flies Down Under

Serendipity: The vagaries of radar

I RECENTLY HAD dinner with Neal Stephenson, the cult science fiction writer. He had just written Cryptonomicon, a thriller based on encryption, and I had just written The Code Book, a history of cryptography. Neal told me a story with a cryptographic angle and a serendipitous twist, concerning the Japanese attack on the Pacific island of Midway in June 1942. The Americans knew that an assault was imminent because they had cracked much of the Japanese code, but they were unsure about the exact location of AF, an encoded grid reference.

P&O sails ahead

P&O STENA LINE, the ferry operator, yesterday reported increased passenger numbers and profits, despite the abolition of duty-free sales last month. More than 3.7 million people travelled on the company's cross- channel ferries in the second quarter, giving P&O Stena a 39 per cent market share.

Incepta sells stake in Lopex

INCEPTA, THE pounds 155m public relations outfit, yesterday withdrew its pounds 47.9m bid for the communications group Lopex and walked away with pounds 12.1m profits from the sale of its 26.6 per cent stake.

Williams shares plunge as Tyco takeover talks fail

SHARES in Williams, the fire protection and security equipment provider, plunged 13 per cent yesterday when the UK group announced for the second time in nine months that talks with Tyco International of the US about a possible takeover have been terminated.

Conglomerates will be back, says Hanson

LORD HANSON, the pioneer of the UK conglomerate, vowed yesterday that "conglomerates will be back" despite their current unfashionable status.

Outlook: Hutchings finally bites the bullet

MANAGEMENT FADS come and go but few are as far gone as the notion of the diversified conglomerate. Lauded in the 1980s when Lord Hanson and his ilk strode the business stage, all but one of the British ones are now gone, stripped down or reinvented. Hanson has done it. BTR has done it. Even Williams has dropped the dreaded "Holdings" part of its name (a sure sign of a conglomerate) to re-invent itself as a more focused fire and security services business.

Outlook: Tomkins poser

IS GREG HUTCHINGS' guns-to-buns conglomerate, Tomkins, about to lose its buns? Speculation is rife that under pressure from the City, Mr Hutchings is about to demerge or sell Rank Hovis McDougall, a company he bought only six years ago. Nothing has yet been decided and there are said to be a number of obstacles to such a move, but he will certainly have to say something on the matter when the company announces fully year results on 12 July.

AlliedSignal swallows Honeywell in $14bn deal

HONEYWELL, the company that for decades has kept the temperature just right in American homes and offices, has been swallowed up in a $13.8bn (pounds 8.6bn) stock deal announced yesterday with aerospace and electronic parts giant, AlliedSignal. But the name that appears on a million thermostats will remain.

AlliedSignal swallows Honeywell for $14bn

HONEYWELL, the company that for decades has kept the temperature just right in American homes and offices, has been swallowed up in a $13.8bn (pounds 8.6bn) stock deal announced yesterday with aerospace and electronic parts giant, AlliedSignal. But the name that appears on a million thermostats will remain.

When flattery and flowers are no longer enough

LAST WEEK a respected senior book publisher offered pounds 150,000 for a novel, sight unseen, written 10 years ago by a man who was then in his early twenties. The author had abandoned his juvenile literary efforts, gone into TV, and, in the way of things, had become a personality. Then one day, he remembered that he had a nice little earner in his bottom drawer.

BICC investors stand firm

LEADING SHAREHOLDERS in BICC have rebuffed an increased pounds 462m offer for the troubled cable and construction group from Wassall, the aggressive mini-conglomerate.

BICC rejects raised pounds 462m Wassall offer

THE BID battle for the cables and construction group BICC intensified last night after it rejected an increased offer worth pounds 462m from Wassall, the aggressive mini-conglomerate which has been stalking the company for six months.
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As Britain's Anglican church struggles to establish its modern identity, one branch of Christianity is booming
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Cancer, cardiac arrest, HIV and homelessness - and he's only 39

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Backhanders, bribery and abuses of power have soared in China as economy surges

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Commonwealth Games 2014: Highland terriers stole the show at the opening ceremony

Highland terriers steal the show at opening ceremony

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German art world rocked as artists use renowned fat sculpture to distil schnapps

Brewing the fat from artwork angers widow of sculptor

Part of Joseph Beuys' 1982 sculpture 'Fettecke' used to distil schnapps
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BBC takes viewers back down memory lane

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Nicolas Cage shines in low-budget drama Joe

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Make your own ice lollies and frozen yoghurt

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