Today, UK shares are following Asian shares lower, as China reiterated its no Covid policy and strengthened lockdowns. The FTSE 100 index was down 0.7% this morning, with miners dragging the index down due to lower metal prices.

Among stocks, Rightmove dropped 5.0% after the real estate online platform said its CEO would exit the board and leave the company in 2023.

Ideagen soared 46% after agreeing to be bought by private equity firm Hg Pooled Management in a £1.09 billion deal.

 

Things to read today:

Britain’s Biggest Bank if Caught in the US-China Crossfire (Bloomberg)

Day Trader Army Loses All the Money it Made in Meme-Stock Era (Bloomberg)

US Stocks suffer longest streak of weekly losses in over a decade (Financial Times)