Saturday, 19 October, 2019

London Stock Exchange Trade Resumes After Delay

The FTSE 100 and 250 failed to open at the usual time
Credit TOLGA AKMEN  AFP The FTSE 100 and 250 failed to open at the usual time Credit TOLGA AKMEN AFP
Russell Knight | 18 August, 2019, 11:20

Trading in the biggest shares listed on the London Stock Exchange has been delayed for more than an hour because of a technical problem.

The London Stock Exchange Group meanwhile said it was "investigating a potential trading services issue" that prevented the FTSE 100 and second-tier FTSE 250 indices from opening.

In the first few minutes, the FTSE 100 gained 0.8 per cent to reach 7,124. The stocks reopened shortly after 9.40am.

The investigation into the issue continues and the LSE will provide an update at 9:15am London time, the LSE said.

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The last time there was a significant delay to the opening of the exchange was in June past year, when it opened an hour later than normal because of a software issue.

Shares in smaller companies on the FTSE 350 and junior market Aim continued to trade. Technical glitches are inevitable, frustrating as it is for everyone'.

Meanwhile sterling was trading 0.4% higher on the USA dollar on Friday morning, extending its gains from the previous day.

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