Evgeny Lebedev has suffered a huge hit to his pocket after his company announced losses of £24 million for the Independent, i and Evening Standard newspapers over the last financial year. Things were particularly bad for the Indy, which made a pre-tax loss of £18 million. Owen Jones may not get that pay rise he is lobbying after…

Total losses for Lebedev Holdings rose by 22.5% while an unnamed Indy director took home over half a million quid in his pay package – the same amount of money being haemorrhaged by Lebedev’s rags each week.

What a way to run a business…