Wonga Crashes To £35m Loss After Torrid Year

A string of regulatory scandals and restructuring costs pushed Britain's biggest payday lender deeply into the red in 2014, it will announce next week. Sky News can reveal that Wonga Group will disclose in the coming days that it lost approximately £35m last year, ending a long run of profitability for a company which has become the target of sustained criticism by opponents of the short-term lending sector. Sources said on Saturday that Wonga, which sponsors Newcastle United and Blackpool