BUSINESS CLOSE: Bitcoin Hits All-Time High; Barclays exceeds expectations

DEAL CLOSING: UK Markets Slide; Bitcoin hits all-time high on ETF list; The bill for professional rates will soar; Barclays exceeds expectations with exceptional Q3

The FTSE 100 index closed down 0.45% or 32.80 points at 7,190.30 this afternoon.

The price of bitcoin hit record highs yesterday, following the launch of the first-ever bitcoin futures exchange-traded fund in the United States.

Bitcoin broke through $66,000, ahead of its previous all-time high of $64,800 hit in April and more than double its level in July, and fell back to $64,536 as of 0730 GMT on Thursday.

Corporate rates are set to rise by nearly £1billion next year, prompting calls to reverse the hike until the system is reformed.

The jump in the commercial property tax is based on September inflation data – which stood at 3.1% yesterday.

Barclays followed its Wall Street rivals in reaping windfall investment banking fees from increased trading and advisory mandates, reporting better-than-expected third-quarter earnings.

The British bank reported a pre-tax profit of £2bn in the three months to the end of September, better than the £1.6bn forecast by analysts and double the £1.1bn that she had posted at the same time last year.

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Barclays advisory and equity businesses recorded their best performance ever in the first nine months of the year


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