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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Day In a Page

Independent Travel
Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
Lake Como St Moritz & the Bernina Express 7 nights from £809pp
Vietnam
Lake Maggiore, Orta & the Matterhorn 7 nights from £939pp
South Africa
Spain
Prices correct as of 19 December 2014
War with Isis: The West needs more than a White Knight

The West needs more than a White Knight

Despite billions spent on weapons, the US has not been able to counter Isis's gruesome tactics, says Patrick Cockburn
Return to Helmand: Private Davey Graham recalls the day he was shot by the Taliban

'The day I was shot by the Taliban'

Private Davey Graham was shot five times during an ambush in 2007 - it was the first, controversial photograph to show the dangers our soldiers faced in Helmand province
Revealed: the best and worst airlines for delays

Revealed: the best and worst airlines for delays

Many flyers are failing to claim compensation to which they are entitled, a new survey has found
The stories that defined 2014: From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions

The stories that defined 2014

From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions
Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations

Disaster looming? Now you know where to head...

Which British city has become the first to be awarded special 'resilience' status by the UN?
Finally, a diet that works: Californian pastor's wildly popular Daniel Plan has seen his congregation greatly reduced

Finally, a diet that works

Californian pastor's wildly popular Daniel Plan has seen his congregation greatly reduced
Say it with... lyrics: The power of song was never greater, according to our internet searches

Say it with... lyrics

The power of song was never greater, according to our internet searches
Professor Danielle George: On a mission to bring back the art of 'thinkering'

The joys of 'thinkering'

Professor Danielle George on why we have to nurture tomorrow's scientists today
Monique Roffey: The author on father figures, the nation's narcissism and New Year reflections

Monique Roffey interview

The author on father figures, the nation's narcissism and New Year reflections
Introducing my anti-heroes of 2014

Introducing my anti-heroes of 2014

Their outrageousness and originality makes the world a bit more interesting, says Ellen E Jones
DJ Taylor: Good taste? It's all a matter of timing...

Good taste? It's all a matter of timing...

It has been hard to form generally accepted cultural standards since the middle of the 19th century – and the disintegration is only going to accelerate, says DJ Taylor
Olivia Jacobs & Ben Caplan: 'Ben thought the play was called 'Christian Love'. It was 'Christie in Love' - about a necrophiliac serial killer'

How we met

Olivia Jacobs and Ben Caplan
Bill Granger recipes: Our chef's breakfasts will revitalise you in time for the New Year

Bill Granger's healthy breakfasts

Our chef's healthy recipes are perfect if you've overindulged during the festive season
Transfer guide: From Arsenal to West Ham - what does your club need in the January transfer window?

Who does your club need in the transfer window?

Most Premier League sides are after a striker, but here's a full run down of the ins and outs that could happen over the next month
The Last Word: From aliens at FA to yak’s milk in the Tour, here’s to 2015

Michael Calvin's Last Word

From aliens at FA to yak’s milk in the Tour, here’s to 2015