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Lloyds posts largest annual profit in over a decade

Lloyds posts largest annual profit in over a decade

Lloyds Banking Group has posted its largest annual pre-tax profit in over a decade, but narrowly failed to meet analyst expectations. The lender on Wednesday said that pre-tax profit for 2017 had come in at £5.3bn, marking a 24 per cent increase on the previous year. That was the highest figure since 2006 but still undershot the £5.73bn analysts polled by Reuters had pencilled in.

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Metro Bank posts first ever annual profit

Metro Bank posts first ever annual profit

Metro Bank has posted its first ever annual profit, helped by record lending to both commercial and residential mortgage customers. The challenger bank on Wednesday said that underlying profit before tax for the full-year 2017 had come in at £20.8m up from a loss of £11.7m in 2016. It also chalked up record deposit growth of £3.7bn, marking a 47 per cent increase year-on-year, and record lending growth of £3.8bn, which represented a 64 per cent rise on the previous year’s figure.

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Manchester United should grab chance to beat shaky and inconsistent Sevilla with both hands

Manchester United should grab chance to beat shaky and inconsistent Sevilla with both hands

On the surface, Wednesday’s trip to Sevilla’s Ramon Sanchez Pizjuan is precisely what Manchester United appointed Jose Mourinho for: a Champions League knock-out phase away leg against an opponent with a formidable reputation, in a stadium known for its intimidating atmosphere, where game management will be paramount.

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Chelsea pained by Champions League draw but Antonio Conte showed how to strike the balance to hurt Barcelona

Chelsea pained by Champions League draw but Antonio Conte showed how to strike the balance to hurt Barcelona

Antonio Conte had said before the game – and reiterated afterwards – that Chelsea have to “prepare to suffer” against a side as brilliant as Barcelona, but he didn’t mean like this. This will have so particularly pained the Italian himself. The great frustration was that his team really had suffered in terms of working themselves to the bone, in terms of creditably pushing themselves to physical limits to go “very close to playing the perfect game”, only to be undone by one single mental slip.

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Mike Pence was supposed to meet secretly with North Korean leaders in South Korea

Mike Pence was supposed to meet secretly with North Korean leaders in South Korea

Vice President Mike Pence scrapped a planned secret meeting with North Korean officials set to take place in South Korea during the 2018 Winter Olympic Games, new reports show.

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Championship roundup: Brentford blast five past Birmingham City while Aston Villa miss chance to go second

Championship roundup: Brentford blast five past Birmingham City while Aston Villa miss chance to go second

Aston Villa missed out on the chance to go second in the Championship after they were held to a 1-1 draw against play-off chasing Preston North End on Tuesday night. A second half Lewis Grabban penalty ensured Steve Bruce’s side kept at least a share of the spoils from a game in which they struggled to find any rhythm. North End, who came into the game knowing that a win could lift them into the play-off places, took the lead in the first half through Tom Barkhuizen, swiping home after Villa failed to properly clear a corner.

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Artificially intelligent bots are threatening the world and more needs to be done, experts warn

Artificially intelligent bots are threatening the world and more needs to be done, experts warn

The world is under threat from artificial intelligence and needs to do more to keep people safe, experts have urged. A new report compiled by 26 of the world’s leading experts paints a terrifying picture of the world in the next 10 years. Physical attacks as well as those on our digital worlds and political system could drastically undermine the safety of humanity, it warns, and people must work together now if they want to keep the world safe.

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Government pick for Charity Commission lacks 'experience, insight, knowledge and vision', MPs warn

Government pick for Charity Commission lacks 'experience, insight, knowledge and vision', MPs warn

A committee of MPs has voiced strong opposition to the Government’s proposed candidate for chair of the Charity Commission, in a move that will come as a blow to Matt Hancock, the Culture Secretary. Last month Mr Hancock nominated Baroness Stowell, a Tory peer, to lead the Commission, which regulates the work of UK charities. However, the Digital, Culture, Media and Sport Committee has now raised concerns about Baroness Stowell’s suitability for the role and said it “cannot support” her appointment.

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Save the Children apologises after former chief executive admits to 'unsuitable' behaviour with female colleagues

Save the Children apologises after former chief executive admits to 'unsuitable' behaviour with female colleagues

Save the Children has apologised to women employees who complained of inappropriate behaviour by the charity's former chief executive, admitting their claims were not properly dealt with at the time. In a statement, the charity said Justin Forsyth - who has since gone on to become deputy executive director of Unicef in New York - was twice subject to investigation after concerns were raised about his conduct in 2011 and again in 2015 involving in all three women.

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Fruit and vegetable waste from farms 'could feed population of Birmingham or Manchester for a year', says environmental charity

Fruit and vegetable waste from farms 'could feed population of Birmingham or Manchester for a year', says environmental charity

A new report has revealed the staggering levels of food waste coming from farms in the UK. Research carried out by the food and environment charity Feedback has examined the role supermarkets play in driving the overproduction and subsequent waste of food on farms. As supermarkets have over 85 per cent of the market share of grocery stores, the report warned they have the power to burden farmers both with food waste and the associated costs.

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