The former directors of Worldspreads could face litigation as administrators try to recover creditors’ money from the spread betting firm.

Irish-controlled financial spread-betting company WorldSpreads has a £13m (€15.65m) black hole in its accounts which will result in serious losses for clients of the London-based firm.

There were fears over the future of one of Britain’s most iconic holiday brands today after Pontin’s was put into administration.

Weston Medical, the firm behind a pioneering needle-free syringe, was today placed into administration following a funding crisis.