Richard Desmond: paying £103.5m for Channel Five. Photo by Dan Chung Photograph: Dan Chung Channel Five has been sold to Richard Desmond, owner of the Daily Express, for £103.5m. RTL Group announced at shortly after 5pm that it had signed an agreement for the sale of Five Group to Desmond’s... 

Conrad Black leaves a bail hearing with his wife, Barbara Amiel, in Chicago on 23 July 2010. Photograph: John Gress/Reuters Prison seems to have been good for Conrad Black. The disgraced peer and former media baron, returning yesterday to the same Chicago court where he was sentenced in 2007,... 

Red Bull’s Sebastian Vettel pipped Fernando Alonso of Ferrari to take pole position for tomorrow’s German grand prix. Photograph: Guillaume Baptiste/AFP/Getty Images Sebastian Vettel claimed a stunning pole position for his home grand prix, fending off the resurgent Ferrari of Fernando... 

The e-border system is running at least a year behind schedule. Photograph: Luke Macgregor/REUTERS The government has ended its £750m contract with a consortium led by Raytheon, the US defence group, to put in place an electronic system to check travellers leaving and entering Britain. The... 

Bloodhound supersonic vehicle backed by Promethean for the landspeed record. Education equipment company Promethean, which floated in March and entered the FTSE 250 last month, is backing a British attempt to smash the world landspeed record. The Bloodhound supersonic car (SSC) team, led by...