Glitch halts London's manic Monday surge

clock

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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login