After hour and 40 minute delay, trading in U.K. blue chips starts on Friday
A fault at the London Stock Exchange prevented blue-chip British companies from trading on Friday for over an hour, the longest such outage in 8 years.
An undescribed technical issue kept FTSE 100 UKX, +0.41% and FTSE 250 MCX, +0.39% companies from opening until 9:40 a.m. local time.That’s the second outage in 14 months for the LSE LSE, +1.22% , which recently inked a $27 billion pact to buy Refinitiv, a provider of financial data and infrastructure.LSE shares rose 1.3% after the outage in a broadly better day for global markets.
This being the age of social media, Twitter had a few jokes, while the LSE itself was curiously silent on social media, with its last communication being about the need for “persuasive communication in the corporate world.”— GeordiePhil August 16, 2019 Steve Goldstein Steve Goldstein is MarketWatch markets editor for Europe. Follow him on Twitter: @MKTWgoldstein.
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