ITV was today said to have received an approach from a private equity consortium that would lead to a radical financial restructuring of the broadcaster.

The company that promoted the low-carb Atkins diet and sparked a worldwide craze has filed for bankruptcy protection in the United States, it emerged today.

The backers of Philip Green’s ill-fated bid for Marks & Spencer are in the running to take over the world’s biggest foreign exchange company, it was reported today.

Fast-food giant Burger King was sold at the second time of asking today after its British owner agreed a cut-price deal.