Wonga slides to first annual loss

Payday lender’s revenues plunge 31% to £217.2m

Italy makes arrests over migrant deaths

Police detain two crew members as survivors arrive in Sicily

Sky reports accelerating customer growth

Shares jump on back of new subscriber numbers

Tory grandees at odds over tactics on SNP

Major warns of ‘blackmail’ but Forsyth sees danger in boosting nationalists

Oil has hit its lows, says Vitol chief

Ian Taylor sees pick up in demand and delays in Iran output

Arm profits buoyed by strong iPhone sales

Company also benefits from shift to 4G

Britain tests US over Berkshire scrutiny

Buffett company left off provisional ‘too big to fail’ list

Sir Stuart Lipton

Lipton raps housebuilders over ‘crisis’

Developer warns new projects are ‘potential slums of the future’

UK economy failing to innovate

Key measure of progress in productivity falls for third year

US beefs up naval force off Yemen coast

Aircraft carrier and cruiser to help watch Iranian vessels

Volcker urges UK-style regulatory reforms

Ex-Fed chief warns of gaps in US financial supervision

Comment and Analysis

Russia’s Lukoil eyes return to Iran

Chief says opportunities sought should sanctions end

Western groups find going tough in Russia

Country is reeling from economic woes linked to western sanctions

Bank regulators fail to spot hidden dangers

Seven years after the crash the authorities still know next to nothing, writes Robert Lenzner

Best comments from our readers

"If a family tosses out a child who refuses to work when he is 18, most onlookers would look askance. But if that kid spent five years refusing to look for work etc. and he then gets tossed out the community response would probably support that move.The same with Greece."
By aeolius on Greek default necessary but Grexit is not

"Too many companies these days recruit because of experience not because of ability. The banks are the worst at this, expecting new hires to start contributing immediately and so will not move people internally - they would have to learn the new role, which would take too long."
By A 30-year work anniversary is a freak event to be cheered

Market-moving news and views, 24 hours a day

Sorry, Fast FT is unavailable at the moment