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Hardware & electrical equipment

FIVE at FIVE: GSK tumbles, GameStop rallies, Raspberry Pi IPOs, FTSE 100 flatlines and Monzo profits

1. GSK shares plunge as Zantac cases edge closer to trial

Some £6 billion was cut from GSK's market value following the US court ruling.

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2. GameStop & AMC soar after fresh meme stock surge

Shares soared after 'meme stock' trader Roaring Kitty posted to Reddit (NYSE:RDDT).

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3. Raspberry Pi to raise nearly £160m in London IPO

A price range of 260p to 280p per share was reported by Bloomberg. Meanwhile, talk of Shein's IPO lingers.

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4. FTSE 100 holds flat

London's blue-chip index saw strong gains from JD Sports and St James's Place.

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5. Monzo hails first year of profitability

Word of mouth drove 46% of new customer acquisitions.

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