1. ElonGate: Tesla founder declines invitation to join Twitter’s board
After taking a 9.3% stake in Twitter, Elon Musk was set to join the Twitter board but now people are wondering whether he is planning to buy the company.
2. SMT Shanghaid by Covid resurgence
Chinese stocks and funds focused on the region fell on Monday as investors recoiled in response to a jump in China’s inflation data and a deteriorating Covid-19 outbreak around Shanghai.
3. Tesco remains operationally strong
Guidance for the current year will be key to how the shares fare henceforth when Tesco releases full-year results on Wednesday, Shore Capital asserts.
4. FTSE 100 struggles as insipid economic data fails to provide a tonic
GDP rose in February – just – but economists were expecting more. And we’d best not even mention the trade deficit – although no one seems to anymore anyway. The FTSE 100 started the week on a negative note, declining 51 points, or 0.67% to 7,618 on the first trading day.
5. Early backers of Glencore are finally in the money
It’s been a long wait, but those who bought shares in commodities giant Glencore PLC (LSE:GLEN) when it listed back in May 2011 are finally in the money. Rio’s up by something shy of 50% over the same ten year period, while BHP is up by a more modest 30% or so.