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The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

LSE's woes continue as shares sink

It's been a bad week for the London Stock Exchange. A seven hour blackout on Monday meant frustrated dealers were tearing their hair out at being unable to trade.

The chaos could not have come at a worse time for the exchange, which is facing a growing competitive threat from newbie rivals such as Chi-X and Turquoise, not to mention Plus.

Today, as if to emphasise all this, came news that Deutsche Boerse is pressing ahead with plans to open an office in Beijing to attract flotations from Chinese companies, something the LSE is also keen on.

Investors are voting with their feet, and the LSE is now down 25.5p at 757.5p.

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