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It was once only a brave investor who’d bet against fashion favourite Asos, but yesterday two City experts called time on the stock.

Corzine to face Congress on MF Global

Mr Corzine's appearance threatens to embarrass Barack Obama, for whom he is a fundraiser

Business Diary: Cooking up a tasty comeback

Delia Smith hasn't had the easiest ride since taking over at Norwich City Football Club – who could forget her raucous appeal to fans to get behind the side on the PA system – but here's some reward for all her hard work. The Institute for Turnaround has just handed her and the rest of Norwich City's management team a gong for the way they've turned the once financially stricken club into a stable member of the Premier League. Let's hope this isn't the equivalent of the dreaded vote of confidence in the manager.

Goldman in debt talks with Peacocks

The investment bank Goldman Sachs is in talks to become the biggest shareholder in Peacoks, the debt-laden fashion chain.

There were protests at some Vodafone stores by campaigners claiming that the company had been let off a £6bn tax bill

Judge to examine tax deals that let firms off millions

A senior judge is to be brought in to investigate a series of controversial tax deals which cost the Exchequer millions of pounds in lost revenue.

Judge to examine Goldman Sachs tax deal

A senior judge is to be brought in to investigate a series of highly controversial tax deals which cost the Exchequer millions of pounds in lost revenue.

Mario Monti reads his speech next to Interior Minister Anna Maria in the senate today

Goldman Sachs bank conquers the new Europe

The eurozone's corridors of power have been undergoing a remarkable transformation. Stephen Foley reports

Market Report: Rio rises as commodity bulls fight their corner

Rio Tinto was among the gainers at the end of a mixed session for the mining sector last night. The stock was 35p better off at 3,458p, rising along with rivals such as the Eurasian Natural Resources Corporation, which was 3p firmer at 679.5p at the close of play.

Business Diary: Bearing gifts for the Greeks

The debate continues to rage over whether people ought to feel sorry for the Greeks. But for those feeling sorry enough, there is a way to show your support. The Bank of Greece runs an account specially for people who want to donate what they feel they can afford to the impoverished nation. The bank promises its "Solidarity Account for Repayment of Public Debt" will use your donations for only that purpose. Oddly, no details of how much has been raised so far appear to be available.

Regulator pulls out of MF inquiry

The head of the agency in charge of regulating MF Global, the collapsed broker-dealer, has recused himself from the investigation into the bankruptcy, because he worked with the firm's chief executive, Jon Corzine, at Goldman Sachs.

Market Report: Analysts wail about the propects for Mothercare

Investors in Mothercare will have been forgiven for sobbing like babies yesterday. Having been hit recently by its falling popularity with Britain's mothers, shares in the high street retailer, which has issued three profits warnings this year already, managed to reach an eight-year low last night after analysts said there was still plenty more pain to come.

Business Diary: Book of Jobs is a hit in China

That Steve Jobs biography you might have heard of has been called a must-read for Apple fans and wannabe tech gurus alike, but at one Chinese company the book is literally required reading. Xiaochuan Wang, an earnest computer programming prodigy who is now chief technology officer at Sohu, a Nasdaq-listed search engine, has bought 500 copies. "For my colleagues," he says. "I hope they can learn from it." Diary detects just a hint of menace, and thinks Sohu might have a little Steve Jobs in the making here.

Hamish McRae: More volatile perhaps, but market fluctuations are following a familiar pattern

Economic Life: There is strong evidence that cuts in public spending do not do nearly as much damage to long-term growth as increases in taxation

Shares fall as Goldman boss hires defence attorneys

Lloyd Blankfein, chief executive, and other senior executives at Goldman Sachs have hired high-powered criminal defence attorneys to represent them in government investigations into possible wrongdoing at the investment bank, it emerged last night.

Goldman Sachs man to lead overhaul of Labour Party

Labour turned to the former boss of ITV and senior adviser at Goldman Sachs yesterday to oversee a management and commercial overhaul of the party.

Lansdowne sells its entire shareholding in Goldman

Europe's biggest hedge fund has sold its $850m (£518m) shareholding in Goldman Sachs, the Wall Street bank, signalling its rising concerns about the health of the global banking sector.

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Prices correct as of 30 January 2015
As in 1942, Germany must show restraint over Greece

As in 1942, Germany must show restraint over Greece

Mussolini tried to warn his ally of the danger of bringing the country to its knees. So should we, says Patrick Cockburn
Britain's widening poverty gap should be causing outrage at the start of the election campaign

The short stroll that should be our walk of shame

Courting the global elite has failed to benefit Britain, as the vast disparity in wealth on display in the capital shows
Homeless Veterans appeal: The rise of the working poor: when having a job cannot prevent poverty

Homeless Veterans appeal

The rise of the working poor: when having a job cannot prevent poverty
Prince Charles the saviour of the nation? A new book highlights concerns about how political he will be when he eventually becomes king

Prince Charles the saviour of the nation?

A new book highlights concerns about how political he will be when he eventually becomes king
How books can defeat Isis: Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad

How books can defeat Isis

Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad
Judith Hackitt: The myths of elf 'n' safety

Judith Hackitt: The myths of elf 'n' safety

She may be in charge of minimising our risks of injury, but the chair of the Health and Safety Executive still wants children to be able to hurt themselves
The open loathing between Barack Obama and Benjamin Netanyahu just got worse

The open loathing between Obama and Netanyahu just got worse

The Israeli PM's relationship with the Obama has always been chilly, but going over the President's head on Iran will do him no favours, says Rupert Cornwell
French chefs get 'le huff' as nation slips down global cuisine rankings

French chefs get 'le huff' as nation slips down global cuisine rankings

Fury at British best restaurants survey sees French magazine produce a rival list
Star choreographer Matthew Bourne gives young carers a chance to perform at Sadler's Wells

Young carers to make dance debut

What happened when superstar choreographer Matthew Bourne encouraged 27 teenage carers to think about themselves for once?
Design Council's 70th anniversary: Four of the most intriguing prototypes from Ones to Watch

Design Council's 70th anniversary

Four of the most intriguing prototypes from Ones to Watch
Dame Harriet Walter: The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment

Dame Harriet Walter interview

The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment
Art should not be a slave to the ideas driving it

Art should not be a slave to the ideas driving it

Critics of Tom Stoppard's new play seem to agree that cerebral can never trump character, says DJ Taylor
Bill Granger recipes: Our chef's winter salads will make you feel energised through February

Bill Granger's winter salads

Salads aren't just a bit on the side, says our chef - their crunch, colour and natural goodness are perfect for a midwinter pick-me-up
England vs Wales: Cool head George Ford ready to put out dragon fire

George Ford: Cool head ready to put out dragon fire

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Michael Calvin: Time for Old Firm to put aside bigotry and forge new links

Michael Calvin's Last Word

Time for Old Firm to put aside bigotry and forge new links