London stock market hits record high; world’s richest get even richer – business live


A small toy figure is seen on representations of the Bitcoin virtual currency. Photograph: Dado Ruvic/Reuters

Over in New York, the US stock market has opened very slightly higher as traders return to work after the Christmas break.

The Dow Jones industrial average rose by 16 points, or 0.07%, with the S&P 500 and the Nasdaq also managed minuscule gains.

Written by Loknath Das