FIVE at FIVE: Scottish Mortgage makes ISA millionaires, Lloyds backed as Barclays bashed, AMC and GameStop bounce back, FTSE 100 climbs and 88 Energy disappoints

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

Proactive Published 29/03/2022

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1. Scottish Mortgage popular amongst Hargreaves Lansdown and Interactive Investor ISA millionaires

It would probably not be that hard, but most private investors could probably guess at least a few of the most popular investment trusts with ISA millionaires.

2. Lloyds ‘top’ pick but Barclays dumped

Barclays PLC (LSE:BARC) shares were lower in morning trade on reports that a shareholder unloaded £900mln of shares at a chunky discount

3. Meme stocks rally as AMC sees best daily surge since June

Cinema owner AMC soared 44% while last year’s poster meme stock, GameStop rallied 25%

4. 88 Energy reveals underwhelming Merlin-2 well outcome

88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has failed to obtain fluid samples from the Merlin-2 well in Alaska

5. Footsie finds a footing

The FTSE 100 index closed 64.11 points, or 0.86% higher at 7,537.25 as Wall Street climbed and oil prices fell while Russia said it will cut back military activity in Ukraine.