Market Blog - 28 August

So the barbarians had scaled the walls and occupied nearly a third of the fortress but they couldn't...

So the barbarians had scaled the walls and occupied nearly a third of the fortress but they couldn’t break into the keep. But now the trebuchets have been withdrawn and the enemy has slunk away. Yes, the London Stock Exchange (LSE) has finally seen the barbarians suffer the humiliation of withdrawing their forces as Nasdaq sought to sell their strategic position in LSE. Perhaps they too have been a victim of the credit crunch as that heavily indebted exchange probably found the cost of its financing rising rapidly. Their alternative attention has been drawn to the Nordic exchange OMX, w...