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BHS rescue: bidders include Sports Direct and Matalan founder

Mike Ashley at Tup Tup Palace

Administrators are hoping to finalise a rescue deal for BHS by the end of this week after securing four offers for the business on Tuesday. MPs are preparing to call Darren Topp, the current boss of BHS, to give evidence to a parliamentary inquiry next month into the retail chain’s collapse.

Ex-Barclays trader said tried 'to save his own skin'


U.K. prosecutors attacked the credibility of former Barclays trader Jonathan Mathew, who said he lied to the Federal Bureau of Investigation and three different regulators in interviews in 2010 before deciding to start telling the truth about his actions around fixing Libor.