London’s FTSE 100 fell as investors across global markets track the spread of popular protests against the Beijing government’s strict anti-Covid lockdown measures.
Oil prices led the way lower, with Brent crude, the international benchmark at its lowest level since January and the key US contract, West Texas Intermediate, at its weakest for the calendar year.
By way of distraction, there was news of one of the few companies planning to make its debut in London this year. Hellenic Dynamics, which goes cannabis for medical use, will score around £40 million in fresh capital when it comes to market next week.
