10/09/2008 05:12 am ET Updated May 25, 2011

Computer Crash Costs London Traders Huge Gains

London's reputation as a financial centre suffered a major blow after a computer collapse paralysed the stock market for nearly seven hours.

In a extraordinary fiasco, the London Stock Exchange (LSE) was forced to halt to share trading for most of today's session because of 'connectivity' problems.

It was a massive setback for an exchange that normally sees £8billion of shares traded every day.

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