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

Summary


SHARES in the London Stock Exchange have more than halved this year and, according to one of the City's 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 113 1 2 p to 838 1 2 p within a whisker of its year's low and paring back almost all of yesterday's strong gains.

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Extract


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

It came after the LSE announced plans to link up with New York broking house Lehman Brothers to create a Europewide trading platform.

The shares started the year at 1979p...

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