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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No postcode? No vote

Floating voters

How living on a houseboat meant I didn't officially 'exist'
Louis Theroux's affable Englishman routine begins to wear thin

By Reason of Insanity

Louis Theroux's affable Englishman routine begins to wear thin
Power dressing is back – but no shoulderpads!

Power dressing is back

But banish all thoughts of Eighties shoulderpads
Spanish stone-age cave paintings 'under threat' after being re-opened to the public

Spanish stone-age cave paintings in Altamira 'under threat'

Caves were re-opened to the public
'I was the bookies’ favourite to be first to leave the Cabinet'

Vince Cable interview

'I was the bookies’ favourite to be first to leave the Cabinet'
Election 2015: How many of the Government's coalition agreement promises have been kept?

Promises, promises

But how many coalition agreement pledges have been kept?
The Gaza fisherman who built his own reef - and was shot dead there by an Israeli gunboat

The death of a Gaza fisherman

He built his own reef, and was fatally shot there by an Israeli gunboat
Saudi Arabia's airstrikes in Yemen are fuelling the Gulf's fire

Saudi airstrikes are fuelling the Gulf's fire

Arab intervention in Yemen risks entrenching Sunni-Shia divide and handing a victory to Isis, says Patrick Cockburn
Zayn Malik's departure from One Direction shows the perils of fame in the age of social media

The only direction Zayn could go

We wince at the anguish of One Direction's fans, but Malik's departure shows the perils of fame in the age of social media
Young Magician of the Year 2015: Meet the schoolgirl from Newcastle who has her heart set on being the competition's first female winner

Spells like teen spirit

A 16-year-old from Newcastle has set her heart on being the first female to win Young Magician of the Year. Jonathan Owen meets her
Jonathan Anderson: If fashion is a cycle, this young man knows just how to ride it

If fashion is a cycle, this young man knows just how to ride it

British designer Jonathan Anderson is putting his stamp on venerable house Loewe
Number plates scheme could provide a licence to offend in the land of the free

Licence to offend in the land of the free

Cash-strapped states have hit on a way of making money out of drivers that may be in collision with the First Amendment, says Rupert Cornwell
From farm to fork: Meet the Cornish fishermen, vegetable-growers and butchers causing a stir in London's top restaurants

From farm to fork in Cornwall

One man is bringing together Cornwall's most accomplished growers, fishermen and butchers with London's best chefs to put the finest, freshest produce on the plates of some of the country’s best restaurants
Robert Parker interview: The world's top wine critic on tasting 10,000 bottles a year, absurd drinking notes and New World wannabes

Robert Parker interview

The world's top wine critic on tasting 10,000 bottles a year, absurd drinking notes and New World wannabes
Don't believe the stereotype - or should you?

Don't believe the stereotype - or should you?

We exaggerate regional traits and turn them into jokes - and those on the receiving end are in on it too, says DJ Taylor