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 .
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.
Wall Street stocks registered losses on Monday as Treasury yields continued to move higher ahead of the Q1 earnings season.
Cyclical issues fared worst at the start of the week amid ongoing heightened concerns around the war in Ukraine and its potential duration.
The spotlight on Tuesday will be on a reading for US consumer prices in March.
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 stocks closed in negative territory on Monday, after GDP data painted a disappointing picture of the UK economy.
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.
Tesla owner Elon Musk has decided not to join the board of Twitter after taking a 9. 2% stake in the social media company.
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.
Analysts at Jefferies upgraded supermarket Sainsbury's from 'hold' to 'buy' on Monday after taking a fresh look at general retailers in the UK.
Software investment firm Thoma Bravo has agreed to buy cybersecurity firm SailPoint in a $6. 9bn deal.
Wall Street stocks opened lower on Monday as Treasury yields continued to move higher ahead of the Q1 earnings season.
Information and data company Ascential on Monday confirmed it was considering a break-up of the group.
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.
London’s FTSE 100 was down 0. 6% at 7,627. 45 in afternoon trade on Monday.
The FTSE 250 was down 0. 49% at 21,071. 11 at 1445 BST.
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.
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.
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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