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.
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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 .
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A glance at some of the day s highlights from the Proactive Investors newswire
MGC Pharmaceuticals Ltd’s (ASX:MXC) (LON:MXC) (OTCMKTS:MGCLF) major clinical trial programs planned for CimetrA, CannEpil and CogniCann in 2021 are actively progressing across Australia, Israel and Brazil.
Bango PLC (LON:BGO) said the first three telecoms companies offering bundled Xbox cloud gaming subscriptions in Europe are using Bango’s payments platform.
Custodian REIT PLC (LON:CREI), the UK property investment company, has sold a retail unit in Nottingham at auction for £0.7mln, in line with the most recent valuation.
Crossword Cybersecurity PLC (LON::CCS) has appointed Tara Cemlyn-Jones and Robert Coles as non-executive directors with immediate effect.
FTSE 100 ends lower while Wall Street slips from best levels after mixed US economic data
The UK blue-chip index drifted to a negative finish, while US investors try to assess the latest housing and confidence figures Commodity companies lose ground
US stocks lose nearly all their early gains
UK public finances scarred by pandemic costs
5.02pm: FTSE softly lower at market close
The FTSE 100 closed Tuesday down 22 points, 0.3%, at 7,030, while the FTSE 250 shed 45 points, 0.2%, to 22,439.
The DAX has been the outperformer on a largely slow day, with the German Ifo hitting a two-year high, IG Senior Market Analyst Joshua Mahony wrote. On the UK front, reflation stocks have performed well, while miners continue to lose ground.