News Emergency services were called to 25 Bank Street at around 8am this morning

Gabriel joined JPMorgan in 2004 and worked in technology. He was not a trader or a banker.

Investment View: Sky has potential to rebound, but ITV may struggle

Virgin is getting better... and is beginning to present a genuine competitive threat after years of problems

Leading article: The tax system is credible only if fair

When the Chief Secretary to the Treasury, Danny Alexander, was summoned to the House of Commons to explain why the head of the student loans company was being paid as a private contractor, rather than as a government employee, he just about defused the scandal. He announced that Ed Lester would in future have his tax deducted at source, he said that he, Mr Alexander, was setting up a review to discover the extent of the practice throughout Whitehall, and he gave the impression that such pay arrangements were highly unusual.

Former Olympus bosses are held

"After going to hell and back this is a day to remember," said fired Olympus boss and whistle-blower Michael Woodford yesterday after seven executives who were involved in the cameras company were arrested in Japan.

Ed Lester was paid through a limited company, thereby reducing his tax bill

'Tax avoiding' pay deals may be rife throughout Whitehall

The controversial practice of paying senior officials' salaries into limited companies – potentially reducing their tax bills – could occur right across Whitehall, it emerged last night.

Market Report: Imperial Tobacco shares light up on takeover talk

There's no stubbing out the takeover talk around Imperial Tobacco at the moment. The cigarette manufacturer, whose brands include Lambert & Butler, set a new, all-time high last night, after its share price once again lit up on suggestions its days of independence might be numbered.

Capital, By John Lanchester

Virginia Woolf did not much approve of the intrusion of estate agency into fiction. "House property," she sniffily wrote in the talk that became her 1924 essay "Mr Bennett and Mrs Brown", "was the common ground from which the Edwardians found it easy to proceed to intimacy." Her polemic, against Arnold Bennett in particular, and the painstaking social realism of pre-1914 British fiction in general, scorns Bennett for "describing accurately and minutely the sort of house Hilda [his heroine] lived in, and the sort of house she saw from the window." Against this plodding artisan's view, she sets the intangible "character" of Mrs Brown, the elusive human spirit that no amount of sociological annotation can ever pin down. "I believe," Woolf maintained, "that all novels begin with an old lady in the corner opposite". And no amount of estate agent's patter will ever capture what Woolf, in another essay, rather bafflingly called the "luminous halo" or "semi-transparent envelope" of her inner life. That task falls to the modern novelist.

Scotland's First Minister Alex Salmond greets David Cameron as he arrives for talks at St Andrews House in Edinburgh, Scotland

Cameron: More power for Scotland if it rejects independence

David Cameron admitted he made little progress in today’s talks with Alex Salmond on Scottish independence, but said he will consider a further devolution of powers if voters vote no in a prospective referendum.

A fire broke out at the Olympic Park

Olympic ticketing 'too secretive'

The refusal of Olympics officials to provide information about how many tickets have been sold and at what price has jeopardised the public's confidence in the ticketing arrangements for the Games, according to the London Assembly.

Aurora seeks to exit investment in luxury label Bastyan

The retail group Aurora Fashions has appointed advisers to sell its stake in the luxury womenswear label Bastyan after just two years.

News Corp's General Counsel, Gerson Zweifach, has joined the team tackling corruption

Murdoch sends in his top lawyer to stop Sun scandal spreading to US

Rupert Murdoch has assigned his most senior News Corp lawyer to the London-based committee overseeing the phone-hacking scandal as prospects increased that litigation against the global media company would spread to the US.

Scourge of US bankers abandons plan to cash in on mortgate chaos

Phil Angelides, who chaired the US Financial Crisis Inquiry Commission (FCIC) and raged at bonus-obsessed bankers, has abandoned his plan to cash in on the chaos in the mortgage market.

Scandal-hit Olympus looks at tie-ups as losses loom

The Japanese camera and medical equipment maker Olympus said today it expected to have lost ¥32bn (£260m) in the year which ends next month.

Takeover by Vodafone could end the misery for CWW

Troubled telecoms supplier's shares leap as mobile giant admits possible bid

Job losses in City hit rental market

Thousands of City job losses are hitting London's top-end rental market as bonuses are slashed and banks cut back on accommodation budgets, according to the estate agency Knight Frank.

US university hands out 400 degrees by mistake

A US university has revealed that hundreds of degrees given out over the past 10 years should never have been awarded, and may be revoked.

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Where the spooks get their coffee fix: The busiest Starbucks in the US is also the most secretive

The secret CIA Starbucks

The coffee shop is deep inside the agency's forested Virginia compound
Revealed: How the Establishment closed ranks over fallout from Loch Ness Monster 'sighting'

How the Establishment closed ranks over fallout from Nessie 'sighting'

The Natural History Museum's chief scientist was dismissed for declaring he had found the monster
One million Britons using food banks, according to Trussell Trust

One million Britons using food banks

Huge surge in number of families dependent on emergency food aid
Excavation at Italian cafe to fix rising damp unearths 2,500 years of history in 3,000 amazing objects

2,500 years of history in 3,000 amazing objects

Excavation at Italian cafe to fix rising damp unearths trove
The Hubble Space Telescope's amazing journey, 25 years on

The Hubble Space Telescope's amazing journey 25 years on

The space telescope was seen as a costly flop on its first release
Did Conservative peer Lord Ashcroft quit the House of Lords to become a non-dom?

Did Lord Ashcroft quit the House of Lords to become a non-dom?

A document seen by The Independent shows that a week after he resigned from the Lords he sold 350,000 shares in an American company - netting him $11.2m
Apple's ethnic emojis are being used to make racist comments on social media

Ethnic emojis used in racist comments

They were intended to promote harmony, but have achieved the opposite
Sir Kenneth Branagh interview: 'My bones are in the theatre'

Sir Kenneth Branagh: 'My bones are in the theatre'

The actor-turned-director’s new company will stage five plays from October – including works by Shakespeare and John Osborne
The sloth is now the face (and furry body) of three big advertising campaigns

The sloth is the face of three ad campaigns

Priya Elan discovers why slow and sleepy wins the race for brands in need of a new image
How to run a restaurant: As two newbies discovered, there's more to it than good food

How to run a restaurant

As two newbies discovered, there's more to it than good food
Record Store Day: Remembering an era when buying and selling discs were labours of love

Record Store Day: The vinyl countdown

For Lois Pryce, working in a record shop was a dream job - until the bean counters ruined it
Usher, Mary J Blige and to give free concert as part of the Global Poverty Project

Mary J Blige and to give free concert

The concert in Washington is part of the Global Citizen project, which aims to encourage young people to donate to charity
10 best tote bags

Accessorise with a stylish shopper this spring: 10 best tote bags

We find carriers with room for all your essentials (and a bit more)
Paul Scholes column: I hear Manchester City are closing on Pep Guardiola for next summer – but I'd also love to see Jürgen Klopp managing in England

Paul Scholes column

I hear Manchester City are closing on Pep Guardiola for next summer – but I'd also love to see Jürgen Klopp managing in England
Jessica Ennis-Hill: 'I just want to give it my best shot'

Jessica Ennis-Hill: 'I just want to give it my best shot'

The heptathlete has gone from the toast of the nation to being a sleep-deprived mum - but she’s ready to compete again. She just doesn't know how well she'll do...