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Online Blockchain climbs after plans to open Gibraltar office
A look at the major movers on the London market on Tuesday
11.46am: Blockchain business boosted
Online Blockchain PLC (LON:OBC) is in demand after it announced the opening of an office in Gibraltar.
The blockchain research and development company said Gibraltar offered a number of benefits including access to EU membership, tax-free income, a low annual renewal fee and freedom to conduct business globally.
Chief executive Clem Chambers said: Online Blockchain is particularly suited to such a benign and forward-thinking jurisdiction, and can capitalise on the many opportunities that Gibraltar affords.
Tremor jumps 10% after record first quarter performance
A look at the major movers on the London market on Tuesday
Shareholders in Tremor International Ltd (LON:TRMR) were shaking with excitement after a positive update.
The company, which specialises in software aimed at the advertising market, said it had turned in a record performance for the first quarter, which is traditionally a quieter period for the business.
Revenues jumped 96% to US$63mln while profits soared from US$0.5mln to US$27.5mln.
Tremor added that it was confident in its medium to long-term prospects and was well placed to benefit from the ongoing resurgence in the global digital advertising industry .