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The validity of Portsmouth's administration will not be challenged by HM Revenue & Customs, the BBC learns.

The Superdry clothes label founder is in line for £80m as it completes a transformation from market stall to the stock market.

The head of the Financial Services Authority says the regulator will toughen up protection for consumers against poor financial products.

US retail sales showed a surprise rise in February as consumers braved extreme bad weather to get to the shops

Lehman Brothers: How $50bn was buried in London

German carmakers Volkswagen and BMW report falling profits after the global downturn hit demand for cars.

News supplied by BBC

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