British raiders pulled off a spectacular Group One double at Deauville yesterday. Reckless Abandon confirmed himself as exciting a colt as Clive Cox has trained when extending his unbeaten record in the Darley Prix Morny, but top billing none the less went to the remarkable Snow Fairy.

Standard Chartered saw a quarter of its value wiped away yesterday as furious investors sold the bank's shares in the wake of allegations by US regulators that the pillar of the British financial establishment facilitated money laundering on an industrial scale.

Park Ji-sung admitted it was a tough decision to leave Manchester United after joining Queen's Park Rangers, but said it was time for a "new challenge". The 31-year-old South Korea international brought a seven-year spell at Old Trafford to an end yesterday by joining Rangers for an undisclosed fee believed to be £5 million.

Blackburn striker Ayegbeni Yakubu has completed his move to Chinese club Guangzhou R&F for an undisclosed fee.

Bumi, the Indonesian coal miner that has been at the centre of a storm over corporate governance, took a significant step towards improving its reputation yesterday when the chairman, Samin Tan, and co-chairman, Indra Bakrie, waived their joint 29.9 per cent voting block at the company's annual general meeting.

There were no real alarms for Andy Murray as he eased into the second round of the French Open with a 6-1 7-5 6-0 victory over Tatsuma Ito of Japan this evening.

An online gentleman's outfitter that began life as a regimental clothing supplier has attracted funding from giftcard group Moonpig.com's founder Nick Jenkins.

Make a splash in a Moroccan palace

The leading London hedge fund player Blaine Tomlinson was considerably better off yesterday after the firm he founded 21 years ago was bought by Man Group for up to $82.8m (£52.3m).

A police constable and a ranger were shot dead at the weekend during an operation to track rhino poachers in South Africa's Kruger Park game reserve.

Just when you had assumed that the Breivik trial couldn't get any worse – with Thursday's revelation that its subject had wanted to decapitate a former Norwegian prime minister – it plunged into a yet more subterranean depth. Even to watch the fragments of Breivik's testimony come through on text services was bad enough – the self-proclaimed "nice" man who had deliberately hardened his heart to commit mass murder. God knows what the impact of this must have been in a mesmerised courtroom.

One of the reasons for the decline in the authority and public esteem of the House of Commons is that so many of the new entrants have done little in their lives other than politics, or activities closely allied to it. In 1964, when he beat Paul Williams in the marginal seat of Sunderland South, a victory that won him the epithet "The Hero of Sunderland" in the local press, Gordon Bagier brought a wealth of experience, first as a wartime Royal Marine, then two decades of promotion to ever-more responsible jobs on the railways.

Outlook Amazing what you can do with Japanese managers. Thanks to the small matter of an £8m bung from the Government, more than 1,000 desperately needed jobs are going to be created in the North-east, where Nissan will build some new cars.

The British bicycle maker Raleigh is set to fall into overseas hands after a Dutch rival, Accell, said yesterday that it was in exclusive talks over buying the business.