1. Twitter pays hundreds of millions on Musk’s debt interest
Musk took out US$13bn worth of loans with seven banks, including Barclays PLC (LSE:BARC), Morgan Stanley (NYSE:MS) and Bank of America Corp (NYSE:BAC) to buy the social media company last year, with estimated annual interest payments of around US$1.5bn.
2. Premier League players enter NFT world after signing with Sorare
Every Premier League player will feature in the new Ethereum-powered digital offerings, adding to existing tokens from other European leagues, including Spain’s LaLiga, Germany’s Bundesliga and Italy’s Serie A, which Sorare is already partnered with.
3. FTSE 100 closes in the red
At the close, the UK's blue-chip index had lost 13 points on the day to finish at 7,772, a 0.2% retraction.
4. Tesco to cut thousands of jobs in shift reshuffle
The grocery giant will close most of its hot food and deli counters as part of a restructuring that threatens some 2,100 jobs.
5. New Rolls-Royce chief Tufan Erginbilgic could ‘reset the narrative’ - UBS
UBS gave Rolls-Royce a ‘neutral’ rating, saying that despite its maintenance contracts for its engines being “more attractive” than others in the wider industry, its inconsistency in communicating with investors breeds uncertainty.