FTSE 100 made modest gains as attention once again turned towards bitcoin and the impact of cryptocurrencies. London’s leading index rose 13 to 7,090 in early trade on Tuesday 8 June.
A day after the Bank of England warned bitcoin and digital currencies were a threat Donald Trump added his voice to the debate. The ex-US President told Fox Business that bitcoin was a scam that would affect the value of the dollar.
Aviva is in the sights of Cevian Capital. The activist investor has taken a near-5% stake and wants the insurance giant to return £5bn to shareholders following the sales of most of its overseas operations.
People should go on holiday in the UK this year and not travel abroad unless absolutely necessary, the government said today. George Eustice, Environment Minister, said people should visit the great places in Britain instead.
President Energy (LON:PPC) shares surged after unveiling an agreement for its Pirity concession in Paraguay. The South America-focused company said that after 20 months of negotiations during the pandemic, it has signed a deal for a "substantial" Northern Hemisphere state-owned energy and petrochemicals company to take a 50% participating interest.
Xpediator PLC (LON:XPD) said it is “well placed to exceed market forecasts” for its current financial year as the company said demand for its transport and logistics services has remained strong. The business has benefitted from the effects of Brexit as additional customs paperwork drove revenues higher.
Cornerstone FS PLC (LON:CSFS) said trading volumes have increased this year and the group has continued to expand its customer base. These were the cloud-based provider of financial services first set of results as a publicly listed company.
