After Elon Musk’s Twitter fans urge him to sell his 10% stake in the electric car company, esla’s stock will become the focus of later today.
After emphasizing the huge tax bill he will face due to the exercise of stock options that expire next year, Musk voted on the potential sale on social media platforms over the weekend. The results of public opinion polls that Musk had previously said he would comply with showed that 58% of people support the sale of stocks.
Before the opening of Wall Street, investors in London paid attention to the latest news related to JD Sports Fashion and Fotosylum and the trading updates of BAE Systems.
Live Update
FTSE index is flat day
The FTSE 100 Index more or less ended the day where it started. The blue chip index closed at 7305, a weak 1.4 points.
At the top of the index is the troubled Darktrace, which rebounded 12.5% with the help of chairman Gordon Hurst (Gordon Hurst) who spent £150,000 to buy shares.
After confirming reports over the weekend that it was considering the acquisition of Interactive Investor, Abrdn also received a strong rise, up 3.6%.
ITV is at the other end of the index, falling 2.8%.
Danni Hewson of AJ Bell said: “In London, despite the backlash of cybersecurity darling Darktrace, the start of the week has been quite calm. The FTSE 250 Index has been trying to find any cheers, which shows that many consumer-oriented businesses are in some The quite sluggish consumer confidence data fell afterwards. Families are cautious. People are worried about how their financial situation will accumulate as prices rise further, and these financial situations have begun to be squeezed.”
Google’s Alphabet market value reaches the $2 trillion mark
Google’s parent company Alphabet has reached an important milestone: a market value of $2 trillion.
With the stock price rising at the opening, Alphabet briefly broke the threshold today. The stock reached $3,015 early in the market, giving it a market value of more than $2 trillion, but it fell back to $2989 when I typed.
Due to the reopening of the world and continued demand for Google cloud services, the rebound in digital advertising has driven the stock price up 70% this year.
Tesla crashes in Elon Musk’s $21 billion sell-off investigation
After most of the 3.5 million Twitter users supported founder Elon Musk’s proposal to sell 10% of the shares, Tesla’s stock price fell to its lowest level in eight months.
According to the 170 million shares held by Musk, at current prices, the value of the shares is approximately 21 billion U.S. dollars.
“I am ready to accept any result,” Musk said in a tweet after the poll.
Tesla shares fell 4.7% to $57.55 shortly after the opening in New York.
The stock has risen 73% this year, bringing the electric car manufacturer’s valuation to US$1.2 trillion and making Musk the richest person in the world with a paper fortune of US$330 billion.
Should Elon Musk sell Tesla shares for world hunger?
Last week, Elon Musk promised to sell Tesla stock worth $6 billion and donate the proceeds to the United Nations Food Agency, provided that the agency can prove how the money will solve the world’s hunger problem.
Here, Ryan McNelley, managing director of Kroll’s portfolio valuation service line, discussed the actual situation of quantifying this value.
Due to concerns about inflation, Bitcoin is close to record highs
Bitcoin is close to a new all-time high on Monday, while Ethereum hit a new all-time high inflation.
As of 12:50 pm, the world’s second largest cryptocurrency, Ethereum, rose 2.8% to US$4,739 London. Earlier in the day it was as high as $4,761.
Bitcoin rose 6.3% to $65,949.Set a record high Cryptocurrency It was $66,930.
The American giant will immediately inject $150 million into Autolus, and will subsequently pay a milestone payment totaling $100 million to accelerate the development of its next-generation leukemia treatments.
This is the largest single-source private financing ever made by a British biotech company. The company’s US-listed shares rose 35% to $7.51 in premarket trading.
Circulor: With the “sustainable technology arms race” going on, this London startup is fighting the “greenwashing”
Very hearing #COP26 Everyone from governments to banks and automakers is committed to achieving net zero emissions, and wondering how organizations will prove that they have actually reduced their emissions?
Circulor is a London-based start-up company that uses blockchain technology to help track emissions in the entire complex supply chain…
Circulor’s software allows customers to do things such as tracking carbon dioxide emissions during manufacturing and transportation, monitoring whether recycling is being carried out responsibly, or ensuring that the cobalt in batteries is not a product of child labor. Circulor has already done the latter for Volvo electric car batteries.
Read the full text and meet the founders here
Playtech confirms that Gopher is exploring a counterattack to the Aristocrat acquisition
Playtech, a London-listed gambling software group, has confirmed that Gopher Investments is exploring a bid for the company to compete with the Australian company Aristocrat Leisure’s £2.7 billion takeover offer.
Last month, Playtech agreed to the acquisition of a slot machine developer who valued the FTSE 250 index company at 680 pence per share.
Sky New reported yesterday that Rothschild is advising Gopher to buy Playtech at a price of 3 billion pounds. The company’s market value is approximately 2.2 billion pounds.
Today, Playtech confirmed that Gopher has requested and obtained access to due diligence information to “explore possible offers…probable terms.”
During government negotiations, the bus slowdown hindered progress
Railroad operator Go-Ahead’s stock price fell this morning after warning investors of the shaky recovery following the blockade of its bus sector.
The FTSE 250 index company warned that the recovery has “slightly slowed down” in recent weeks, and there is still uncertainty about the magnitude of this year’s recovery. Go-Ahead said it “may affect” the department’s full-year performance.
After the early trading update, the stock price fell 3.6%, or 29.8p, to 786p.
Leisure stocks fall, Bitcoin rises
As London’s leisure and consumer-centric stocks both fell sharply, Pfizer’s anti-viral Covid pill once again brought confidence to the stock market, but it failed to materialize today.
On Friday, the global market was cheered by the pharmaceutical giant’s breakthrough disclosures, which led to companies such as Airbnb, Boeing and Expedia rising sharply in New York.
But it turns out that this momentum is short-lived, as the shares of London-listed catering service provider Compass, exhibition company Informa and Premier Inn owner Whitbread have fallen by more than 2%.
British Airways owners IAG and Rolls Royce also fell by 1% on the day the US border finally reopened to fully vaccinated passengers from Europe.
Investors cautiously blamed the mixed trade data from China and the outlook for US inflation data later this week. The FTSE 100 index fell 4.42 points to 7,300.
The oil giants ensured that the top flights at least stayed close to breakeven. After OPEC+ refused to ask for an increase of 400,000 barrels a day next month, the price of Brent crude oil rebounded to more than US$83.50 per barrel.
BP’s share price rose 3.9 pence to 349.3 pence, while Royal Dutch Shell’s share price rose 30.4 pence to 1713.4 pence.
The biggest gain for top flights came from cybersecurity company Darktrace, whose stock price rebounded by 8% after closing at its lowest level since August last week.
Negative broker reviews and a large number of stock sales have shaken sentiment, but investors believe that the FTSE 100 index newcomers rose by 47.5 pence to 625 pence to have some value.
The FTSE 250 Index fell 33.92 points to 23,563.10, of which SSP, the owner of easyJet and Upper Crust, fell 2%.
At the same time, due to continued ultra-low interest rates to encourage investors to use cryptocurrencies to hedge against inflationary pressures, Bitcoin’s trading price is close to historical highs after rising by US$4,970 to US$65,955.
Hargreaves Lansdown analyst Susannah Streeter said: “Considering the volatility of cryptocurrencies, this is a high-risk strategy, and its valuation faces other pressures, such as repression by the authorities and even comments on social media.”
