Lse: Are Bidders 'Fit and Proper'? ; Panic at Stock Exchange As Aussies Close In

Summary


LEADING members of the London Stock Exchange have made a desperate plea to Gordon Brown to intervene in the takeover bid by Australian investment bank Macquarie.

Major users and shareholders want the Chancellor to declare whether Macquarie is a 'fit and proper' owner for one of Britain's most important financial institutions.

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Extract


Lse: Are Bidders 'Fit and Proper'? ; Panic at Stock Exchange As Aussies Close In

There are growing concerns that Macquarie appears only to have the backing of an obscure Portuguese investme...

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