Scottish Mortgage powers higher as tech rallies, FTSE reshuffle, Musk sued (again), Sunak’s plans under fire…

1. Scottish Mortgage on the rise as tech stocks rally

Nasdaq and China tech stocks rising is the perfect recipe for SMT

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2. Sunak’s proposals ‘a drop in the ocean’ says Lord Rose

£21bn not enough say the boss of Asda

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3. FTSE 100 ejection letter in the post for Royal Mail

Centrica tipped to rise as Royal Mail and ITV step down.

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4. Twitter shareholders file writ against Musk 

His tweets are sending the share price down on purpose claim angry investors

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5. US rally sends FTSE 100 higher 

In one bound the US inflation scare was over. Hardly, but the dip in the rate of growth sent US stocks soaring and dragged Footsie with it. Footsie closed the day up around 20 points, or 0.27%, at 7,585.

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