Sir Philip Green has apologised to the staff of collapsed retailer BHS, saying that no one is sadder than him over the retailer's demise.

The Topshop billionaire is facing MPs from the Business and Pensions committees who are investigating the firm's failure.

He said: 'Nothing is more sad than how this has ended and I hope during the morning you will hear that there was no intent on my part for anything to be like this and didn't need to be like this.

'I just want to apologise to all the BHS people who are involved in this and have been involved.'

BHS's collapse has left a potential 11,000 jobs at risk and a £571 million pensions black hole.