UK staff of collapsed investment bank Lehman Brothers face the prospect of not being paid this week, administrators warned today.

Thousands of jobs were at risk today after the UK arm of troubled investment bank Lehman Brothers was placed into administration.

Workers at MG Rover were today hoping more jobs would be created at its Longbridge, UK factory after Chinese firm Nanjing bought the collapsed carmaker.

The chances of car production ever resuming at MG Rover looked bleak today as administrators to the collapsed company made it clear they were running out of time to achieve a rescue deal.

Administrators to collapsed car giant MG Rover are talking to five companies interested in buying parts of the business and there was an "outside possibility" that some form of production could resume at the giant Longbridge plant, it was announced today.

Firms in the Middle East, India and Russia have expressed an interest in buying parts of the stricken car company MG Rover, it was learned today.

Thousands of workers at ailing British car giant MG Rover were sent home on full pay today and were left in no doubt that the chances of a deal to secure their future were slim.

PricewaterhouseCoopers has been appointed administrators to Enron's European operations.