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Evening Standard
Evening Standard
Business
Graeme Evans

FTSE 100 Live: Bitcoin hits record high, Barclays shuffles leadership, Primark owner posts results

Bitcoin set a new record above $68,000 today as global inflation fears continue to stimulate interest in the leading cryptocurrency.

The latest surge comes ahead of tomorrow's inflation data in the United States, where economists predict a figure for October above 5%.

Global markets have been stuck in a narrow range prior to that release, although Tesla shares finished 5% lower last night after Elon Musk's Twitter followers urged him to sell a stake in the company worth about $21 billion.

In London, results from Primark owner Associated British Foods and an update from housebuilder provide the main corporate interest.

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