The Financial Conduct Authority said it had fined Richard Adam and Zafar Khan £232,800 and £138,900 respectively.

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Brent crude dropped below 60 US dollars a barrel after the US leader said Venezuela would turn over oil worth close to £1.5 billion.

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The Leicestershire-based tile chain posted a 2% rise in like-for-like sales for the Topps Tiles brand in its first quarter to December 27.

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The retailer said sales growth is set to slow in the new financial year ahead.

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Private equity firm HIG Capital is selling Interpath five years after it bought the former restructuring arm of KPMG.

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The German-owned discounter said sales jumped by more than 5% in the final trading week leading up to Christmas.

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Tesco and Sainsbury’s will report updates after a hard-fought Christmas in the sector, while Next, M&S and Greggs will also give their verdict.

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The German-owned group generated more than £1.1bn in turnover in the lead up to Christmas Eve

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