Bitcoin rises again on Thursday, after testing levels close to its support of $53,000 -its previous resistance- and encouraged by the news coming from the US Securities and Exchange Commission (SEC) regarding the expected approval of the cryptocurrency's exchange-traded fund (ETF). With the leader of digital assets above $58,000 again, the green prevails in the 'altcoins', with rises also for Ethereum, which is back above $3,600, while the rest of the tokens have more moderate rises.
Homewares retailer Dunelm reported a rise in first quarter sales, but cautioned that supply-chain and inflationary pressures made the future outlook uncertain as it maintained full-year guidance.
Markets in Asia closed mostly higher on Thursday, although bourses in China were mixed, as investors digested the latest inflation data out of the People’s Republic.
Clean water and air technology company MyCelx Technologies said on Thursday that it had secured its second "significant contract win" in the Middle East this year.
Automotive retail group Marshall Motor has announced the acquisition of Motorline for £64. 5m in cash.
Software firm Ideagen said on Thursday that it had signed an agreement to sell its Pentana Compliance business unit to StarCompliance.
Asset manager Ashmore Group said on Thursday that assets under management slipped in the three months ended 30 September.
Wealth manager Rathbone Brothers reported a rise in funds under management and administration in the first nine months of 2021, with positive net organic inflows in the third quarter.
Big Yellow Group announced a £100m increase in its loan facilities with Aviva and M&G on Tuesday, securing an additional £50m, seven-year debt facility with Aviva.
London stocks rose in early trade on Thursday as concerns about inflation eased.
High-performance polymers supplier Victrex said on Thursday that it had disposed of its equity interest in Magma Global to TechnipFMC.
National Express reported a “sequential improvement” in performance in the third quarter on Thursday, with revenue up to 83% of the equivalent period ore-pandemic in 2019 on a constant currency basis, compared to 76% in in the second quarter.
Wealth management company Quilter revealed on Thursday that chairman Glyn Jones had indicated his intention to retire from the role as soon as a successor has been put in place.
Customised electronics firm Discoverie said on Thursday that strong order growth seen at the tail end of last financial year had carried on in the six months ended 30 September.
Recruiter Hays posted a rise in first-quarter net fees on Thursday, highlighting good growth in all regions.
Domino's Pizza reported a jump in third-quarter sales on Thursday as it announced plans to create 8,000 jobs.
London stocks were set to rise at the open on Thursday following a mostly positive session on Wall Street.
Private property rental company Grainger reported a rebound in performance in the second half of its fiscal year, with lettings at 94% as Covid restrictions were lifted.
The owner of the UK’s biggest poultry supplier has warned that the cost of chicken is expected to rise by more than 10%, adding that food in Britain is “too cheap. ” In a strongly worded intervention, Ranjit Singh Boparan, the owner of Bernard Matthews and 2 Sisters Food Group, called for a “reset” on pricing to reflect the true cost of producing food. “How can it be right that a whole chicken costs less than a pint of beer? You’re looking at a different world where the shopper pays more,” he said on Wednesday.