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The Independent UK
The Independent UK
Business
Karl Matchett

Business news live: UK inflation update, plus bitcoin and FTSE 100 hits new record highs

Nvidia became the world’s first-ever $4 trillion-valued company during Wednesday’s trading session after its share price initially rose more than two per cent above $164. Domestically, the FTSE 100 has started positively on Thursday, hitting a new all-time high after rising one per cent in morning trading. Bitcoin also hit a new high above $111,000.

Chancellor Rachel Reeves, however, faced more pressure for her Mansion House speech next month as building societies banded together to write a letter pleading for the cash ISA limit to not be cut.

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