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Article: Daily Mail, London, business briefs column.
- Article from:
- Daily Mail (London)
- Article date:
- November 15, 2006
CopyrightCOPYRIGHT 2006 Daily Mail. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Nov. 15--EXCHANGE PLANNED: The London Stock Exchange (down 1p to 1308p) will face fresh competition next year after leading investment banks agreed to form their own pan-European exchange.
Seven banks -- UBS, Morgan Stanley, Goldman Sachs, Citigroup, Credit Suisse, Merrill Lynch and Deutsche Bank -- are taking advantage of a relaxation of regulations in November 2007. It will put pressure on the LSE to lower its charges.
Stockbroker Charles Stanley (up 12p to 382p) raised fears a Nasdaq takeover of the LSE could lead to investors' interests being sidelined.
FALLING FROM THE SKY: BSkyB was the biggest faller in the FTSE 100 index after chairman ...