The son of Authorized sweeps to victory in Melrose Stakes and lines up a challenge to Camelot

Petropavlovsk's growing debt pile and a larger-than-expected charge after investments in new mines dragged the Russian-focused producer's net profit down 90 per cent in the first half, sending its shares tumbling yesterday.

The match to take over Goals Soccer Centre, which had already dragged into extra time, yesterday ended in a shock defeat for the £73m bidder.

The financial entrepreneur Clive Cowdery has called time on the takeover tactics set in place at his insurance vehicle Resolution.

Pirc, the UK shareholder advisory group, is calling on investors to stage a protest vote over hefty Indian political donations by Vedanta, the London-listed, India-focused mining group, in the run-up to key state elections.

With London this weekend bidding farewell to thousands of athletes, one company happy to see them go will be FlyBe. Punters were pushing over each other to reach the emergency exit yesterday after the regional airline said the Olympics were partly to blame for its latest woeful update.

Outlook Ms McDermott's boss will be talking tough on the Libor scandal today. Mr Wheatley has rightly established that apparently arcane rule breaches by the bonus boys in the City can all too easily filter through to the consumer's threadbare pocket.

France's women pulled off a thrilling upset against world No 2 side Australia to reach the last eight, but needed overtime after an incredible half-court buzzer-beater from Belinda Snell.

BSkyB showed just what Rupert Murdoch is missing as Britain's biggest pay-TV company raked in record annual profits of £1.19bn — equivalent to more than £3m a day. Mr Murdoch, who aborted his takeover of Sky because of the phone-hacking scandal, insisted a month ago that his News Corporation is no longer interested in buying the FTSE-100 firm, but another strong set of numbers from Sky suggests otherwise.

Payouts to shareholders by UK companies have soared 18 per cent in the last three months to a record quarterly high of £22.6bn.

The guitar-maker Fender, whose instruments were used by music legends including Jimi Hendrix, is launching its initial public offering in New York to raise as much as $160.5m.

Outlook On the face of it, the London Stock Exchange (LSE) ought to be having a torrid time.

International central banks to tackle issue at Basel meeting

The crisis enveloping Olympics security provider G4S triggered a fresh slump in its share price today.