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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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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