Sir Philip Green has apologised to the staff of collapsed retailer BHS, adding that he will "sort" the firm's dilapidated pension scheme which has a £571 million black hole.

On Wednesday, the Topshop billionaire faced MPs from the Business and Pensions committees who are investigating the firm's failure.

He said: "I just want to apologise to all the BHS people who are involved in this and have been involved."

Sir Philip told MPs he offered £5m to help Mike Ashley secure a deal for BHS after the high-street chain went into administration
4 hours ago
'Many further questions' for Sir Philip flagged
A statement released by MPs in the wake of Sir Philip Green's appearance before a committee panel today states that his evidence given flags "many further questions" for the former BHS boss.
The statement states: "We have many further questions for Sir Philip, particularly the big questions on the pension fund that he was unable to answer today."