STOCK WATCH

■ BORROWERS who were missold loans they could not afford by Amigo have thrown the struggling business a lifeline by voting for a compensation package which could allow it to continue trading.

Creditors voted for a scheme that they hope gives them 42p for every £1 they are owed.

Shares fell 7.3pc, or 0.49p, to 6.2p. Chief executive Gary Jennison said: ‘This is an important step to address the liabilities that arose from historic lending practices under previous management.’