Profits at payday lender Wonga have fallen by more than half, forcing them to ditch their sponsorship of Newcastle United FC. In the year to the end of December 2013, profits fell by 53% to £39.7m.
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Wonga sees profits more than halve and may ditch its Newcastle United FC sponsorship
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chairman Andy Haste "has admitted that the company had been growing too fast and had been successful in part by resorting to unsustainable business practices.
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