London Stock Exchange delays opening trade over potential issue

18 Août, 2019, 03:36 | Auteur: Auguste Feret
  • LSE's FTSE stock market suffers longest outage in years

A technical glitch in London's Stock Exchange (LSE) caused an over an hour's delay in trading due to a "potential Trading Service issue".

A technical glitch delayed the start of trading today on the United Kingdom blue chip FTSE 100 and midcap stock indexes in what was the longest outage at one of the world's top bourses in eight years.

In the first few minutes, the FTSE 100 gained 0.8 per cent to reach 7,124. It followed two days of heavy losses for the index amid growing fears of a global recession and a rebound in the value of the pound.

The London Stock Exchange (LSE) said they "experienced a technical software issue" that "affected trading in certain securities".

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In the eurozone, Frankfurt's DAX 30 climbed 0.5 per cent to 11,471.02 points and the Paris CAC 40 won 0.4 per cent to 5,258.88 compared with Thursday's closing levels.

Shares in smaller companies on the FTSE 350 and junior market Aim continue to trade.

Such events are rare, with the last such delayed start in June past year, when the FTSE opened one hour late owing to a glitch.

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

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