STOCK WATCH

MIRRIAD tumbled 42.4pc, or 6.25p, to 8.5p after the advertising company said that it would pull the plug on its Chinese operations.

As strict lockdowns in China took their toll, revenues fell 85pc to £123,000 in the six months to the end of June.

Mirriad will now make an ‘orderly wind-down’ of its Chinese operations by March, to save around £1m a year.

The company said it will switch its focus to the US, which now makes up 72pc of the group’s revenue.