Getty Images

People walk past the logo of the London Stock Exchange

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.

What was called a “technical software issue” kept FTSE 100

UKX, +0.47%

  and FTSE 250

MCX, +0.37%

  companies from opening until 9:40 a.m. local time. Volumes for top U.K. companies lagged their European peers on Friday even after the re-opening.

That’s the second outage in 14 months for the LSE

LSE, +1.49%

 , which recently inked a $27 billion pact to buy Refinitiv, a provider of financial data and infrastructure.

The LSE’s other exchanges, including the AIM and Borsa Italiana, operated as normal.

LSE shares rose 1.6% 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, with its last communication being about the need for “persuasive communication in the corporate world.”

Source link

2019-08-16