– UK shares tracked a slide in Asian and European markets on Monday, as tightening lockdowns in China added to traders’ considerations a few recession amid the Financial institution of England’s dour financial outlook final week.
The commodity-heavy FTSE 100 index eased 0.2% by 0705 GMT, with miners main the losses as metallic costs dropped on demand considerations. [MET/L]
The pound declined 0.5%, limiting some losses on the export-heavy FTSE 100 index, however a stronger greenback made greenback-denominated metals dearer for patrons utilizing different currencies.
The domestically focussed mid-cap index fell 0.5%.
Rightmove Plc fell 5.0% after the true property portal mentioned its chief government officer, Peter Brooks-Johnson, would step down from the board and exit the corporate subsequent yr.
Ideagen Plc jumped 46.1% on agreeing to a takeover by personal fairness agency Hg Pooled Administration in an all-cash deal valuing the British software program agency at 1.09 billion kilos ($1.34 billion).
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