Newspaper article The Journal (Newcastle, England)

OFT Probe Hits LSE Shares

Newspaper article The Journal (Newcastle, England)

OFT Probe Hits LSE Shares

Article excerpt

Shares in the London Stock Exchange (LSE) have dropped on news of a probe into recent takeover approaches for the trading platform.

The Office of Fair Trading (OFT) is referring the rival bid approaches of Deutsche Boerse and Euronext to the UK's Competition Commission. The OFT has recently been examining whether Europe's largest stock exchanges are effectively monopolies.

10 years' jail call for oil boss

PROSECUTORS in the trial of Mikhail Khodorkovsky have called for the Russian oil boss to be jailed for 10 years for fraud and tax evasion.

The former boss of Yukos is standing trial on multiple charges relating to the privatisation of Apatit, a fertiliser firm, in the 1990s. Closing statements are expected in the next few days.

Wolfowitz to meet EU officials

PAUL Wolfowitz, Washington's nomination to head the World Bank, is expected to meet European Union officials today, reports have said.

It is believed EU leaders will press Mr Wolfowitz, currently US deputy defence secretary, on his plans for the job. …

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