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In the midst of London’s stock market IPO boom, one mid-tier technology group is about to bid auf Wiedersehen.

Sarafina finds the silver lining at Saint-Cloud

As though goaded by the example of Goldikova, who had registered a 13th Group One success on the other side of Paris the previous afternoon, Sarafina yesterday showed that she may also be maturing into a formidable force on Europe's elite stage with an impressive performance in a Group Two race at Saint-Cloud. Unlucky in running when third to Workforce in the Prix de l'Arc de Triomphe last season, Sarafina is now 10-1 from 12-1 with Ladbrokes to make amends this autumn. Trained for the Aga Khan by Alain de Royer-Dupre, Sarafina had shaped well on her reappearance and this time smoothly disposed of Announce, a well regarded filly in the care of Andre Fabre. She will now return to the top grade, with the Grand Prix de Saint-Cloud among her options.

Southern Cross on the brink as losses soar

Southern Cross Healthcare admitted its future was in "significant doubt" yesterday after it slumped to losses of more than £300m and said crucial talks with its landlords had stalled.

Stoute builds confidence in Carlton House

It is safe to say that the next time he faces so many cameras will prove somewhat more instructive. As it was, little more could be gleaned from a brief glimpse of the Investec Derby favourite in Newmarket yesterday morning than that he has emerged from his rehearsal at York last week with a leg at each corner. A coachload of film crews and press none the less stood rapt on Warren Hill as Carlton House rippled through the sunshine, in leisured pursuit of his lead. They then turned to the man supervising his preparations for Epsom and found that he, too, seemed to be gliding through a familiar routine. In the case of Sir Michael Stoute, however, even this might be treated as a legitimate positive.

Beatrice and Marvel follow trend in Classic fashion on the Downs

Nobody should need a particular pretext to come here, even on an afternoon like yesterday, when a cold wind hauled heavy cloud up from the Channel and the famous downland panorama seemed to sag miserably beyond the track. But the equivalent fixture last year had made attendance imperative for anyone hoping to go to Epsom, now barely a fortnight away, with all bases covered.

Animal Kingdom adapts as Triple Crown evolves

The drought stretches back to 1978, when Affirmed became the 11th US Triple Crown winner. In the meantime, the thirst for a 12th has become so acute that some have sacrilegiously proposed extending the intervals between the three legs, out of consideration for the modern American thoroughbred – a creature whose genes have been diluted by drugs, and an obsession with speed. Fortunately, the present crop is still measured against the standards set, and met, by its greatest ancestors. So it is, then, a bare fortnight after winning the 137th Kentucky Derby, Animal Kingdom will drop back in distance for the Preakness Stakes on Saturday. And, if successful, he will generate three weeks of hype and hope before undertaking (by local standards) a ruthless test of stamina in the Belmont.

Queen's colt now Derby favourite after regal display

Anyone baffled, or worse, by the somewhat unreconstructed public response to a recent nuptial ceremony at Westminster Abbey would be well advised to avoid Epsom on 4 June. For the success here yesterday of Carlton House appears to give the monarch her best chance yet of winning the greatest race staged in her kingdom – and you may rest assured that the sport will be milking the moment.

BT soars 71 per cent on broadband gains

BT posted a bumper 71 per cent boost in profits and slashed its pensions deficit during its past financial year, although the group did not predict a return to growth until 2013.

71% rise in profits as BT hails broadband success

Telecoms group BT reported a 71% rise in profits today after more than £1 billion of cost savings helped it overcome a 4% drop in revenues.

Arizona can prove 10th Musidora gem for Cecil

Warren Place candidate out to enter Oaks picture for master trainer of fillies on first day of Dante meeting

Overturn and Ahern run rings round rivals

As though provoked by the sudden, impudent opposition of the Punchestown Festival, this place pulled out all the stops yesterday. The Roodee spread out lazily beneath the sunshine, its gorgeous crush of humanity cooled by a breeze curling between the river and Chester's city wall. Out on the track, meanwhile, a filly from Ireland volunteered herself as a highly plausible Classic winner, and a trainer from just down the road achieved genuine distinction even in the oldest racecourse annals in the land. These, compounding all the benedictions since 1539, made it hard to imagine that anyone might rather be anywhere else on the Turf.

Kempes to spoil Punchestown party for Kauto

Big Zeb turns the tables on Sizing Europe to claim honours on first day of Irish jumps Festival

Blue Bunting proves an accidental winner

if frankel had appeared to meet an inexorable destiny the previous day, then the second Classic of the weekend was won here yesterday more or less by accident. Blue Bunting would probably have started her season in an Investec Oaks trial but for the setback that ruled her stablemate, White Moonstone, out of the Qipco 1,000 Guineas. In the event, however, they went off so hard into a headwind that her stamina proved a decisive asset even over a mile, and Godolphin could celebrate their first Newmarket Classic since Kazzia won this race in 2002.

Moore the merrier as victorious Carberry basks in National glory

In a walk of life dominated by men, it tells you much about the rider who won one of the most exacting steeplechases of the year at Fairyhouse yesterday that her gender only became obvious once she had pulled up – when congratulated by her rivals with hugs and kisses, rather than handshakes.

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