Thousands celebrated and millions around the world looked on in wonder as 5,000-1 underdogs Leicester City completed arguably the greatest fairytale in sporting history by becoming English Premier League champions. Second-placed Tottenham Hotspur's 2-2 draw with Chelsea late on Monday was enough for last year's relegation battlers to seal a scarcely credible title after outshining some of football's most glamorous teams. Leicester's season of 22 wins out of 36 games and just three defeats means they become champions with two games to spare, with Arsenal, Manchester City, Manchester United and Liverpool all trailing at a distance.
HSBC on Tuesday said its net profit fell almost a fifth in the first quarter, with Europe's biggest bank hit by "extreme levels" of markets volatility, while bad loans doubled. Equity and currency markets from Asia to the Americas were sent into meltdown at the start of the year as a growth slowdown in China and plunging oil prices fanned concerns about the world economy. In comments included in the earnings statement, HSBC chief executive Stuart Gulliver said the group's performance in the January-March period "was resilient in tough market conditions that affected the entire banking sector".