BUSINESS LIVE: Bitcoin hits record high on ETF list; Business rates are skyrocketing; Barclays exceeds expectations with Q3 bumper
The price of bitcoin hit record highs yesterday, after the launch of the very first bitcoin exchange-traded futures fund in the United States.
Bitcoin broke through the $ 66,000 mark, ahead of its previous high of $ 64,800 in April and more than double its level in July, and fell back to $ 64,536 on Thursday at 7:30 a.m. GMT.
Corporate rates are set to rise by nearly Â£ 1bn next year – prompting calls for the hike to be canceled until the system is reformed.
The commercial property tax hike is based on September inflation data – which yesterday stood at 3.1%.
Barclays followed rivals on Wall Street in reaping exceptional investment banking fees from increased trading and advisory mandates, posting better-than-expected results in the third quarter.
The British bank reported a pre-tax profit of Â£ 2bn in the three months to the end of September, better than the Â£ 1.6bn forecast by analysts and double the Â£ 1.1bn it it posted at the same time last year.
Barclays Advisory and Equity Business Performed Best Ever in First Nine Months of the Year