Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
2023 10 19T162258Z 2 LYNXMPEJ9I0SZ RTROPTP 4 BRITAIN STOCKS
2023 10 19T162258Z 2 LYNXMPEJ9I0SZ RTROPTP 4 BRITAIN STOCKS

London stock exchange sees first trading halt in 4 years; blue chips spared


London stock exchange sees first trading halt in 4 years; blue chips spared

LONDON (Reuters) -The London Stock Exchange (LSE) was forced to halt trading in smaller stocks on Thursday after an incident disrupted activity, although blue chip shares suffered no interruptions.

London Stock Exchange Group (LSEG) said FTSE 100, FTSE 250 and International Order Book securities – those shares listed in London by overseas companies – were operating normally.

Traders said that shares in CRH and Deliveroo were among those not trading on the London market after the incident, which was the first time trading on the LSE had been interrupted since 2019.

LSEG did not offer any details on the incident in its statement and said it had no further comment when contacted by Reuters.

The FTSE 100 closed down 1.2% on the day.

“(The incident) will catch the attention of investors, people will want to have a quick answer to what was going on in order to maintain confidence,” Fiona Cincotta, senior markets analyst at City Index, said.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

“The quicker we can get some news on what caused the incident, the quicker the market will be able to move on,” she said. “We may see a little bit of volatility at the open tomorrow.”

In 2019, the London Stock Exchange suffered an almost two-hour outage that hit FTSE 100 and midcap stocks, which LSEG said was caused by a “technical software issue”.

Thursday’s incident happened on a busy day in the corporate earnings season. LSEG’s own shares, which are listed on the FTSE 100, traded regularly, and closed up 1.88% following the release of its results earlier in the day.

Thomson Reuters, which owns Reuters News, has been a shareholder in LSEG since 2021. LSEG also pays Reuters for news stories.

(Reporting by Akanksha Khushi in Bengaluru, Huw Jones, Harry Robertson, Alun John, Joice Alves and Amanda Cooper in London and Danilo Masoni in Milan; Editing by Kirsten Donovan, Harry Robertson and Susan Fenton)

Recent Post: