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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Independent Travel
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Homeless Veterans appeal: 'You look for someone who's an inspiration and try to be like them'

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Could cannabis oil reverse the effects of cancer?

Could cannabis oil reverse effects of cancer?

As a film following six patients receiving the controversial treatment is released, Kate Hilpern uncovers a very slippery issue
The Interview movie review: You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here

The Interview movie review

You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here
Serial mania has propelled podcasts into the cultural mainstream

How podcasts became mainstream

People have consumed gripping armchair investigation Serial with a relish typically reserved for box-set binges
Jesus Christ has become an unlikely pin-up for hipster marketing companies

Jesus Christ has become an unlikely pin-up

Kevin Lee Light, aka "Jesus", is the newest client of creative agency Mother while rival agency Anomaly has launched Sexy Jesus, depicting the Messiah in a series of Athena-style poses
Rosetta space mission voted most important scientific breakthrough of 2014

A memorable year for science – if not for mice

The most important scientific breakthroughs of 2014
Christmas cocktails to make you merry: From eggnog to Brown Betty and Rum Bumpo

Christmas cocktails to make you merry

Mulled wine is an essential seasonal treat. But now drinkers are rediscovering other traditional festive tipples. Angela Clutton raises a glass to Christmas cocktails
5 best activity trackers

Fitness technology: 5 best activity trackers

Up the ante in your regimen and change the habits of a lifetime with this wearable tech
Paul Scholes column: It's a little-known fact, but I have played one of the seven dwarves

Paul Scholes column

It's a little-known fact, but I have played one of the seven dwarves
Fifa's travelling circus once again steals limelight from real stars

Fifa's travelling circus once again steals limelight from real stars

Club World Cup kicked into the long grass by the continued farce surrounding Blatter, Garcia, Russia and Qatar
Frank Warren column: 2014 – boxing is back and winning new fans

Frank Warren: Boxing is back and winning new fans

2014 proves it's now one of sport's biggest hitters again
Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

The story goes that Japanese store workers created a life-size effigy of a smiling "Father Kurisumasu" attached to a facsimile of Our Lord's final instrument of torture
Jennifer Saunders and Kate Moss join David Walliams on set for TV adaptation of The Boy in the Dress

The Boy in the Dress: On set with the stars

Walliams' story about a boy who goes to school in a dress will be shown this Christmas