Ascential shares tumble as media group swings to a loss after China lockdowns hindered e-commerce arm

The London-based information services provider posted a £38.4m half-year lossAscential shares were the third-biggest faller on the mid-cap FTSE 250 IndexDouble-digit percentage sales growth was seen across all the firm’s divisions Ascential shares dived on Monday after the firm plunged to a loss, despite growth across all segments of the business. Having recovered to a profit of £216.8million in the six months ending June last year, the London-based media company posted a £38.4million loss this time around. Ascential shares plunged by 11.8 per cent to 257.6p by the late afternoon, making it the second-biggest faller on the FTSE 250. Revival:…