The Market Report with Katie Pilbeam. FTSE 100 started another day in the red after US indices were pressured by inflation worries. London’s leading index tumbled 119 points to 6,885 in early trading.
Tesla Inc (NASDAQ:TSLA) is no longer accepting Bitcoin payments over climate concerns. Elon Musk’s announcement knocked down the cryptocurrency price by 6% .
BT Group PLC (LON:BT.A) is to speed up its broadband rollout thanks to a new pension deficit reduction plan. The communications giant posted a dip in full-year profits and revenue after COVID-19 hit trading.
Burberry Group PLC (LON:BRBY) has hiked its dividend after posting an improvement in sales in the second half of the year. Full-price sales have outperformed in Mainland China, Korea and the US. Argo-
Blockchain-PLC (LON:ARB) has completed the acquisition of two data centres in the Canadian province of Quebec as part of its strategy to increase its control over its cryptocurrency mining facilities. The company said the data centres have a combined power capacity of 20 megawatts.
Eurasia Mining PLC (LON:EUA) has received several proposals including one from a credible party for the potential acquisition of substantially all of company's assets. It added that it has now concluded its strategic review and formal sale process.
Helium-One-Global-Ltd (LON:HE1) planned exploration drilling programme at the Rukwa project in Tanzania was awarded an Environmental Impact Assessment (EIA) Certificate on May 4. It means the AIM-quoted company has all necessary permits in place to start exploration drilling in early June.