10 June 2021 | 08:43am
StockMarketWire.com - The FTSE 100 made slight gains on Thursday morning as investors await an update on inflation from the US amid ongoing uncertainty as to whether price pressures will continue, or prove transitory.
At 08:39, the FTSE 100 was up 0.18% to 7,093.85.
BT said it supported investment in Altice after the latter acquired a 12.1% stake in the company to become its largest shareholder. Shares of BT were up 1.15% to 185.26p.
Online trading brokerage CMC markets hiked its dividend after reporting that annual profit more than doubled as a wave of new clients bolstered trading revenue. Its share price, however, dipped 1.74% to 480.50p.
Robbie Gibb’s appointment shows how No 10 wants to politicise the BBC Some of the broadcaster’s staff are troubled by the appointment of an ideological Brexiteer to a supposedly neutral body. Boris Johnson’s government has appointed a known partisan to the BBC board, in an overt bid to politicise a governance body supposed to be free from political influence. Robbie Gibb, a former aide to two Tory politicians – he served as Theresa May’s director of communications in No 10, and as chief of staff to former Tory shadow chancellor Francis Maude in the 1990s – has been made the board’s member of England. The role was previously filled by Ashley Steel, the former global head of transport for KPMG, whose political anonymity was typical for those on the BBC board. Gibb, by contrast, is a political appointee filling what has historically been an apolitical role.