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World - Controversial lender Wonga posts first loss

The British lender Wonga, widely attacked for the high interest it has charged for short term loans, posted its first annual loss Tuesday after the industry faced a clampdown. Wonga reported a net loss of £42.8 million ($63.8 million, 59.6 million euros) in 2014 compared with a net profit of £30.6 million a year earlier, the company said in a statement. One year ago meanwhile, regulators ordered Wonga to pay £2.6 million in compensation after sending fake legal letters to pressure customers into repayments.

Tuesday, April 21, 2015  16:24


World - Tesco reports £5.74bn annual net loss

Supermarket group Tesco, announced Wednesday that it had plunged massively into the red last year as it took a hit on the value of its property. Tesco, which was hit by a major crisis last October after accounting errors that overstated profits, reported a loss after tax of £5.74 billion in the 12 months to the end of February. `It has been a very difficult year for Tesco,` chief executive Dave Lewis said in the statement. Tesco announced £7.0 billion of one-off charges, mostly linked to a writedown on the value of its property.

Wednesday, April 22, 2015  08:35


Top Stories - Uncovering the secret world of samurais

Saturday, April 25, 2015  03:34


World - Some buildings collapse in Nepal capital after 7.7 quake - witnesses

(Reuters) - An earthquake measuring 7.7 magnitude struck 80 km (50 miles) east of Pokhara in Nepal on Saturday, about half way between the town and the capital Kathmandu, the U.S. Geological Survey said, and witnesses said some buildings in Kathmandu had collapsed. There was no immediate word on casualties. The quake was 31 km (19 miles) deep. Tremors were felt as far away as New Delhi and other northern cities in India, witnesses said. (Writing by Nick Macfie; Editing by Michael Perry)

Saturday, April 25, 2015  07:47


NBA - Wall, Pierce push Wizards past Raptors for 3-0 lead

John Wall had 19 points and 15 assists, and Paul Pierce hit two huge 3-pointers late.

Saturday, April 25, 2015  06:35


NBA - Wall, Pierce push Wizards by Raptors for 3-0 lead

John Wall had 19 points and 15 assists, and Paul Pierce hit two huge 3-pointers late.

Saturday, April 25, 2015  04:47


World - Europe pushes Greece in bogged down debt talks

European ministers heaped pressure on Greece to speed up negotiations to unblock critically needed bailout funds and avert a dangerous default, showing frustration after months of bogged down talks. The eurozone`s 19 finance ministers ended a meeting in Riga without a breakthrough to unlock 7.2 billion euros ($7.8 billion) in bailout cash, with the threat of a messy exit by Greece from the euro still hanging in the balance. `It was a very critical discussion,` said Eurogroup chairman Jeroen Dijsselbloem after the talks ended, with eurozone ministers angry at the lack of progress as a hefty payment of 200 million euros to the IMF stands due on May 1. Athens is fast running out of money to pay its creditors and carry out everyday government duties, raising the risk of a default as a long series of huge loan repayments to the International Monetary Fund and the European Central Bank approach.

Saturday, April 25, 2015  04:47


NBA - NBA lottery 2015: Draft odds for every team

The NBA Draft Lottery will take place May 19.

Saturday, April 25, 2015  03:16


World - Sandown full house for Box Office McCoy`s last race

Tony McCoy brings the curtain down on his record-breaking career on the aptly-named Box Office in front of a forecast full house at Sandown on Saturday. `It‚ s looking increasingly likely to be a sell-out, that is the message,‚ Sandown`s clerk of the course Andrew Cooper said. Only twice in Sandown`s recent history has that attendance been matched -- for Motivator`s Eclipse win in 2005 and Desert Orchid`s Whitbread success in 1988, Cooper said. Before Box Office bids to give him the perfect send-off he partners Mr Mole in the only Grade 1 event on the card, renamed in his honour the AP McCoy Celebration Chase.

Wednesday, April 22, 2015  18:22


World - Man Utd `table bid for Dortmund`s Hummels`

Manchester United have tabled a 30-million euro ($32.15m, £21.38m) bid for Borussia Dortmund`s Germany defender Mats Hummels, according to a report in Sport Bild. Hummels admitted earlier this month he was weighing up his options amid reports United boss Louis van Gaal wants Dortmund`s World Cup winner at the heart of his defence for next season. After Dortmund coach Jurgen Klopp announced last Wednesday that he would leave at the end of the season, Hummels is set to be the next big name star to leave the 2013 Champions League finalists, according to the magazine. German daily Bild claim United`s offer is too low for Borussia, but Dortmund could be persuaded to part with their captain for 40 million euros.

Wednesday, April 22, 2015  15:21

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