At number 3, the online furniture store Made.com has gone into administration, leading to hundreds of job losses and customers in the dark about refunds. Next is now buying Made’s name for £3.4m, but not the remaining stock.
At number 2, UK house prices fell last month, at the sharpest pace in almost two years. The average property value fell by 0.4%, marking the third month-on-month drop seen in the past four months.
And at number 1, cryptocurrency exchange giant Binance has pulled out of a proposed bailout deal of its troubled rival FTX. This leaves FTX on the brink of collapse, after they couldn't keep up with customer withdrawals. Of course, this rapidly developing story hasn’t played out well for the wider crypto market, with Bitcoin dropping below $16,000, its lowest price this year.
And that’s all for today! See you next week!
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