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The Big Short investor bets $1.6bn on stock market crash
A man who famously made a fortune by predicting the collapse of the US housing market in 2008 now appears to be suggesting that two major stock markets will tumble in value.Michael Burry, the hedge fund boss featured in The Big Short, in which he was played by Christian Bale, held negative options on both …
Business
Business Live
BOXPARK delays Liverpool opening until early 2024
BOXPARK has delayed the opening of its new Liverpool venue until next spring. The venue had originally been due to open in the historic Canning Hall, part of the Cains Brewery Village estate, in the autumn. A reason for the delay has not been given. BOXPARK Liverpool will extend over 21,000 sq ft and have …
Business
Evening Standard
Widower of jailed Post Office worker loses appeal fight
The widower of a Post Office worker jailed after being convicted of theft has lost a Court of Appeal fight.Ian O’Donnell wanted to posthumously clear the name of his wife Joanne, who died seven years ago aged 64.Three appeal judges recently considered the case of Mrs O’Donnell, who worked at North Levenshulme Post Office in …
Business
Sky News
Wage data shows living standards no longer taking the battering they once were – but it’s not all good news
Today’s labour market figures are a double-edged sword. Wages are rising at a record pace and are on the cusp of outpacing inflation. It means our living standards are no longer taking the battering they once were.That should give ordinary households something to celebrate but it will cause consternation at the Bank of England.Policymakers have …
Business
Sky News
Disgraced crypto boss ‘donated stolen customer funds to politicians’
Disgraced crypto entrepreneur Sam Bankman-Fried used stolen customer money to make political donations, prosecutors have alleged.The 31-year-old, whose £21bn FTX empire collapsed last year, is accused of making north of $100bn (£79bn) in campaign contributions during the 2022 US midterms. He is said to have directed two of his company’s executives to send cash to …
Business
Sky News
Grocery price inflation falls again – see which items are now cheaper and more expensive
Grocery price inflation has eased for the fifth month in a row – as the cost of some staples come down.Closely watched data from Kantar Worldpanel, which tracks supermarket sales and bills, found that while the expense of a food shop is still higher than last year, the pace of price rises has been slowing …
Business
Sky News
UK nears potential turning point in cost of living crisis – as wages grow at record rate
Private sector wages and total pay, including bonuses, surpassed inflation despite a surprise rise in the rate of UK unemployment.Economists thought the unemployment rate would remain at the 4% level recorded last month but it has now gone up to 4.2% as the number of jobs vacancies fell by 66,000 to 1.02 million. Wages have …
Business
Sky News
Revealed: The branded snack food whose price has gone up 130% at one supermarket
Supermarket prices for some branded snack foods have more than doubled in the last year, as the rising cost of living has squeezed household budgets, a leading consumer group has said.Which? found one particular item – a six-pack of Mr Kipling Chocolate Slices – rose by 129% at Tesco, the single largest price increase year …
Business
Sky News
B&Q apologises after books titled ‘White Supremacy’ appear in product listing
DIY retailer B&Q has apologised after two books titled “White Supremacy” were included in a product listing photograph on its website.The books featured in a listing for a wooden radiator cover. B&Q has apologised and said the product was offered by a third-party seller which it has now suspended.The DIY retailer has also removed the …
Business
Business Live
Former Salt Beer Factory MD launches new nitro coffee venture
A young entrepreneur and former director of Salt Beer Factory has launched a coffee shop brand serving nitrogen cold brew coffee. Dr Nadir Zairi has opened up the first of Hubb Brewing Company’s shops at Halifax’s Dean Clough site, and will offer nitrogen infused cold brew – a method that gives the drink an appearance …
Business
Evening Standard
UK firms look to pause staff pay rises as consumer spending wanes, survey finds
Businesses are being forced to consider selling off property and putting staff pay rises on pause in efforts to cut costs as consumer spending declines, according to a survey.Consumers spending less because of a cost-of-living squeeze is a big concern for more than half of medium-sized business leaders, accountancy and business advisory firm BDO found.Nearly …
Business
Sky News
Wilko administrator sets bidders deadline for buying ailing chain
Bidders for the ailing retailer Wilko have been given until Wednesday to table offers for the company after its collapse into insolvency last week.Sky News has learnt that PricewaterhouseCoopers (PwC), which was appointed as administrator on Thursday, is seeking offers by the middle of this week as Wilko faces running out of cash. A range …

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