Business

Wonga borrowers ‘to get 4.3% of compensation claims’

Image copyright Alamy People who were mis-sold loans by the payday lender Wonga have been told that they will receive just 4.3% of the compensation they are owed. Administrators have begun informing around 400,000 claimants by letter, some of whom have reacted in dismay. Before its collapse, Wonga was vilified for its high-cost, short-term loans,

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Jeweller De Grisogono files for bankruptcy amid Dos Santos scandal

Image copyright Getty Images Image caption Isabel dos Santos and her husband regularly attended lavish parties hosted by the jeweller A Swiss luxury jeweller linked to Africa’s scandal-hit richest woman Isabel dos Santos has filed for bankruptcy. De Grisogono is mainly owned by Angola’s state diamond firm and Mrs Dos Santos’ husband Sindika Dokolo. Recently

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UK house price growth at 14-month high, says the Nationwide

Image copyright PA Media UK house prices rose at their fastest annual rate for 14 months, according to the Nationwide, with an increase of 1.9% in January. Commentators suggest there has been some release of pent-up demand following the clear general election result. However, the Nationwide, which bases its figures on its own mortgage data,

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