Market Report: Gushing profits at oil service firms

Servicing the lucrative oil and gas sector is paying off on the mid caps, where Kentz and Hunting reported gushing profits yesterday, while Cape's results were better than feared. Kentz saw its interim profits flare 36 per cent higher and shareholders were delighted with a 10 per cent dividend increase. Its shares jetted up 19p to 400p.

G4S admits it is fighting to repair reputation

Security firm G4S has admitted that it is fighting to repair its battered reputation, as it wrote off £50 million in losses on its bungled London 2012 contract.

Danish distraction is why G4S is still in a right old mess

This can't be allowed to continue. It is time for the regulators to get a handle on it

Edvard Munch's The Scream sold at auction for almost $120m

The secret of Edvard Munch's record-breaking Scream

Meet Mr Black. The new owner of The Scream. By David Usborne

Simon English: Cultural renaissance comes to Barclays

Outlook A huge fine for Barclays for truly egregious behaviour and the same somewhat comical stance from the bank that it is shocked to discover it turns out to have been orchestrating a crime.

The Spotlight On: Mary Schapiro, chairman, Securities and Exchange Commission

The world's most powerful female regulator?

Government to water down bank reform plans

Chancellor refuses to order full separation of retail and investment operations

Stephen Foley: Regulator needs help to tame financial Wild West

At Goldman Gensler was lobbying for precisely the lack of oversight he now seeks to enforce

Market Report: Logica shares punctured by firm's Benelux 'thorn'

Tin hats were very much in demand yesterday. With red covering trading screens across the Square Mile, one of the worst-hit on the mid-tier index was Logica after the resignation of one of the IT outsourcer's top brass revived fears over its troublesome Benelux operations.

Top Goldman Sachs executive quits over culture of 'toxic' greed

A senior executive at Goldman Sachs has attacked a “toxic” and “destructive” environment at the leading investment bank in as resignation letter published in the New York Times.

Former executives arrested over Olympus fraud

Four months after one of Japan's biggest corporate scandals, police and prosecutors today arrested seven men, including the former president of Olympus Corporation and ex-bankers, over their role in a $1.7 billion accounting fraud at the medical equipment and camera maker.

Merger of two exchanges is blocked by EU Commission

London breathed a sigh of relief yesterday as the European Commission confirmed the view of EU regulators that the controversial merger of Deutsche Börse and NYSE Euronext, the owner of the New York Stock Exchange, should be blocked.

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Part-privatised tests, new age limits, driverless cars: Tories plot motoring revolution

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House of Lords: Outcry as donors, fixers and MPs caught up in expenses scandal are ennobled

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Forget Fred Astaire and Ginger Rogers - this dancing is improvised, spontaneous and rhythmic
War with Isis: Is Turkey's buffer zone in Syria a matter of self-defence – or just anti-Kurd?

Turkey's buffer zone in Syria: self-defence – or just anti-Kurd?

Ankara accused of exacerbating racial division by allowing Turkmen minority to cross the border
Doris Lessing: Acclaimed novelist was kept under MI5 observation for 18 years, newly released papers show

'A subversive brothel keeper and Communist'

Acclaimed novelist Doris Lessing was kept under MI5 observation for 18 years, newly released papers show
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BBC heads to the Californian coast

The Big Blue Live crew is preparing for the first of three episodes on Sunday night, filming from boats, planes and an aquarium studio
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Conman Austin Bidwell. was a heartless cad who carried out the most daring forgery the world had known
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