MPs are set to quiz Dominic Chappell, the final owner of BHS, this week about a £10mln payment made by Philip Green three months after he sold the business, the Times reported.
Chappell, who bought BHS for £1, will face demands for details about how a payment from Sir Philip’s Arcadia Group to BHS to help to “repay intra-group indebtedness to BHS” was used.
Chappell headed the Retail Acquisitions consortium which bought BHS in March last year. It collapsed 13 months later.
Meanwhile, another retail entrepreneur was making the headlines again as Sports Direct International PLC (LON:SPD) boss Mike Ashley says he will now go before MPs to defend the firm's "good name".
It reverses the billionaire's previous decision not to appear before the Business, Innovation and Skills select committee on Tuesday to answer questions on employment practices at the retailer, the BBC reported.
In a letter, Mr Ashley said he had only refused "to avoid a media circus".
North Sea oil companies are poised to slash more jobs this year as almost half say costs need to fall further to handle the fallout from the oil market crash, according to the Daily Telegraph.
The Bank of Scotland (LON:LLOY) warned that nearly a third of companies are planning further job cuts to survive the slow recovery from sub-$30 a barrel oil prices earlier this year, the newspaper reported.
The bank’s annual oil sector survey shows that 43pc of companies are planning cost cutting even after sweeping job losses and a dramatic pullback in investment last year.
Britain's EU referendum was back in the news as orders among UK firms hit their lowest level for almost three years due to growing worries over the vote, the Guardian reported.
Accountancy firm BDO said company investment was flatlining, forcing them to rein in their hiring plans. It fears economic growth could fall sharply unless firms boost investment plans later this year.
Job growth in Yorkshire and the Humber last year was the highest in the country, making the region the third-fastest growing since 2008, according to the Financial Times.
Employment in the region grew 3.7%, or an extra 91,700 jobs, last year according to research by NatWest. Growth reached 2% nationwide but in Scotland it was only 0.7% with the oil and gas slowdown taking its toll.
Chinese appliance retailer Suning Commerce Group is poised to acquire a majority stake in Italian football club Inter Milan, in the latest foray into European sport by a big Chinese company.
The retailer is already active in domestic Chinese football. Within a two-week period in January, Jiangsu Suning Football Club acquired Chelsea’s Brazilian midfielder Ramires for €28mln ($32mln) and Brazil’s Alex Texeira from Liverpool for €50mln.
Both were records for the Chinese Super League at the time. Suning also signed a three-year sponsorship deal with FC Barcelona in 2014.