Glitch halts London's manic Monday surge

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London's share surge has been halted this morning after the LSE was forced to suspend trading due to a computer glitch.

Trading had to be suspended before 9am today after clients reported connectivity failures, with the FTSE100 up 199.50 points (3.81%) to 5440.20 at the time. Global markets have surged on Monday as a result of the US Government’s Fannie Mae and Freddie Mac rescue, with financial stocks at the forefront of the strong gains. The FTSE All Share added 100.64 points (3.75%) to 2781.55 before the failure. HBOS leads the way for the blue-chips, 12.98% higher. Schroders, RBS and Lloyds TSB are also more than 10% ahead. Paris’ CAC 40 has advanced 188.34 points (4.49%) to 4385 and Frankfurt’s Dax ...

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