The businessman who bought BHS from Sir Philip Green for £1 before it collapsed has been banned from running a company for 10 years.
The number of people going financially insolvent across England and Wales has remained at near-decade highs after a surge in individual voluntary arrangements, official figures show.
The identity of the new owner of British Steel was once again in doubt on Wednesday as the Official Receiver responsible for selling the business said it will start talking to other potential suitors.
Business Secretary Andrea Leadsom is calling on the Insolvency Service to “fast-track” its investigation of Thomas Cook, with the conduct of the company’s bosses also set to come under the microscope.
Union leaders have called for former Muirfield Contracts chairman John Stodart to face criminal proceedings after he used cash from the ailing group to buy luxury property in Dubai.
A Dundee businessman could face a criminal probe after gaining a £250,000 payment by lodging a false bank invoice.