Lse Slumps As Merrill Warns Over Headwinds ; Market Round-Up

Summary

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SHARES in the London Stock Exchange have more than halved this year and, according to one of the Citys big-hitters, a further sell- off cannot be ruled out.

Stock market bears were having a field day today, selling the shares short and sending the price tumbling a further 931#2p to 8581#2p. It came after the LSE announced plans to link up with New York broking house Lehman Brothers to create a Europe-wide trading platform.

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Extract

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Lse Slumps As Merrill Warns Over Headwinds ; Market Round-Up

The shares started the year at 1979p on takeover hopes, but have been as low as 8341#2p, ref lecting the stock market slump and growing competition now ...

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