1. “Tesla Motown” – old-school car companies back in favour
Cathie Woods’s ARK Investment Management sold Tesla Inc (NASDAQ:TSLA) shares and bought General Motors. Her constant selling of Tesla shares is irking Elon Musk’s fans on Twitter but buying GM is now surely just taking the mick.
2. GlaxoSmithKline runs low on hay fever treatment supplies
Piriton and Piriteze tablets produced by GlaxoSmithKline are reportedly out of stock at many high street UK chemists due to an industry-wide shortage of chlorphenamine maleate, the active ingredient in the medication.
3. Centrica expecting bumper profits so will a windfall tax follow?
It would seem a bit harsh on the company to hit it with a price cap, expect it to take on customers from failed competitors and invest in new gas production resources.
4. Do RoboAdvisors dream of electric bears?
Should you switch from low-cost passive (index-tracking) funds to actively managed funds now that a market crash is on its way? Well, it depends … not least on whether a crash is on its way.
5. FTSE licks its wounds then staggers to its feet
Equities are back in fashion, at least for one day. Bitcoin, however, remains about as popular as a karaoke medley of Rammstein’s greatest hits. Britain's blue-chip benchmark finished up around 26 points, or 0.37%, at 7,243.
… and in case you can’t get enough nonsense from or about Elon Musk, we’ve got one firm’s view on his takeover on Twitter while elsewhere we’ve got our mining guru, Alastair Ford explaining why inflation will bite the mining companies hard.