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The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are Currys, Marston’s, British Land, Heathrow and Hornby. Read the Monday 11 March February Business Live blog below.

> If you are using our app or a third-party site click here to read Business Live 

Bitcoin soars through $70,000

Bitcoin has rallied to a new record high above $70,400, as the world’s biggest cryptocurrency’s momentum continues to be driven by flows into US spot ETFs and hopes of a Federal Reserve interest rate cut.

It is currently trading at $71,153.50, up 3.5 per cent for the day and more than 61 per cent since the start of the year.

M&S boss Archie Norman says interest rate hikes were ineffective

Marks & Spencer chairman Archie Norman has dismissed the Bank of England’s aggressive interest rate hikes as ‘totally ineffective’.

The most intense cycle of rate rises since the late 1980s didn’t do ‘very much’ to cool price increases, he argued.

This post first appeared on Dailymail.co.uk

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