BUSINESS LIVE: Bitcoin hits $100,000; Vodafone-Three gets green light; Frasers takes Budget hit
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The FTSE 100 is down 0.1 per cent in afternoon trading. Among the companies with reports and trading updates today are Vodafone, Frasers, AJ Bell, Warpaint London and Watches of Switzerland. Read the Thursday 5 December Business Live blog below. > If you are using our app or a third-party site click here to read Business Live.
The sell-off in French assets eased marginally on Thursday as investors held their breath ahead of Prime Minister Michel Barnier’s resignation. French government bond yields moved lower as the euro strengthened and the country’s banking stocks inched higher, with all three having come under pressure in the wake of the government’s collapse.
. Danni Hewson, head of financial analysis at AJ Bell, comments on today's markets:. The cost-of-living crisis hit people where it really hurts, dragging living standards down. “The prime minister today said that households will know when they’re better off and the deliberate shift away from a previous promise to have the highest economic growth in the G7 will certainly make it easier to explain to UK voters.
“It’s also expected to be more deliverable as the government can’t control what happens in other countries. The chancellor already took a tentative step back from the pledge after the latest OECD forecast, talking about the UK being the fastest growing European economy in the G7.
