Financial Times FT.com

FTSE rally continues for a second day

By Bryce Elder and Neil Hume

Published: December 9 2008 08:39 | Last updated: December 9 2008 20:40

An apparent system failure at the London Stock Exchange on Tuesday threw the FTSE’s quarterly index reshuffle into chaos.

The index review will be announced on Wednesday using last night’s prices. However, a problem distributing data left traders without reliable closing readings for nearly 1½ hours after UK markets had shut.

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