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Monday newspaper round-up: Twitter, mortgages, Boots
Elon Musk, Twitter’s biggest shareholder, has decided not to join the social media company’s board, its chief executive Parag Agrawal has said. Musk, who disclosed a 9. 2% stake in Twitter just a few days ago, was offered a board seat and his appointment was to become effective on Saturday. But Agrawal posted on Twitter that Musk had declined the offer. “Elon shared that same morning that he will no longer be joining the board,” Agrawal said on Sunday. - Guardian .
Waning confidence puts brakes on retail sales growth
Retail sales growth slowed in March, according to fresh data released on Tuesday, as waning consumer confidence took the wind out of the sector’s recovery from the pandemic.
US close: Stocks sharply lower ahead of Q1 earnings
Wall Street stocks registered losses on Monday as Treasury yields continued to move higher ahead of the Q1 earnings season.
Sector movers: Inflation worries drag on stocks, Defence issues wanted
Cyclical issues fared worst at the start of the week amid ongoing heightened concerns around the war in Ukraine and its potential duration.
Tuesday preview: US CPI, Asos in the spotlight
The spotlight on Tuesday will be on a reading for US consumer prices in March.
Europe close: Stocks end lower, China and Ukraine in focus
European shares finished lower on Monday on the back of weaker Asian markets as Chinese bond yields fell below their US counterpart for the first time in a decade amid rising numbers of Covid-19 cases in China.
London close: Stocks weaker as economic data disappoints
London stocks closed in negative territory on Monday, after GDP data painted a disappointing picture of the UK economy.
JP Morgan reiterates 'overweight' on UK equities, sees multiple positives
Strategists at J. P. Morgan reiterated their 'overweight' stance for UK equities, pointing to their "very attractive" valuations, the highest dividend yields from among key regions and low beta to back up their case.
Elon Musk not joining Twitter board
Tesla owner Elon Musk has decided not to join the board of Twitter after taking a 9. 2% stake in the social media company.
Visual effects firm Cinesite exploring £300m sale - report
London-based visual effects producer Cinesite, whose recent credits include the latest Bond film, is reportedly being groomed for a sale that could value it at more than £300m.
Broker tips: Sainsbury, Pets At Home, WPP
Analysts at Jefferies upgraded supermarket Sainsbury's from 'hold' to 'buy' on Monday after taking a fresh look at general retailers in the UK.
Thoma Bravo to buy SailPoint in $6.9bn deal, shares surge
Software investment firm Thoma Bravo has agreed to buy cybersecurity firm SailPoint in a $6. 9bn deal.
US open: Stocks head south ahead of Q1 earnings
Wall Street stocks opened lower on Monday as Treasury yields continued to move higher ahead of the Q1 earnings season.
Ascential mulling group break up
Information and data company Ascential on Monday confirmed it was considering a break-up of the group.
Director dealings: Litigation Capital chair invests, Redrow director moves shares to ISA
Litigation Capital Management was at the top of the list of buys on Monday, after its chairman spent more than a quarter-of-a-million pounds on its shares.
FTSE 100 movers: Prudential falls; Sainsbury's boosted by upgrade
London’s FTSE 100 was down 0. 6% at 7,627. 45 in afternoon trade on Monday.
FTSE 250 movers: Wood Group in favour; Aston Martin hits the skids
The FTSE 250 was down 0. 49% at 21,071. 11 at 1445 BST.
Kaseya to buy Datto in $6.2bn deal
Miami-based IT management company Kaseya has agreed to buy Datto, a provider of security and cloud-based software solutions, in a $6. 2bn cash deal.
Amigo rallies as FCA says it won't oppose new compensation scheme
Shares of Amigo Holdings rallied on Monday after the Financial Conduct Authority said it would not go to court to oppose the subprime lender’s rescue plans.
Sabien Technology awarded another UK government contract
Heating, cooling and transport technology company Sabien has been awarded a further contract by a UK government department, it announced on Monday, worth £0. 26m.
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