London Stock Exchange chairman buys despite technical glitch

A round-up of the biggest director buys today so far.

London Stock Exchange chairman Chris Gibson-Smith decided to add to his stake on the day that the London Stock Exchange's trading facilities were unavailable for more than three hours. He spent just under £100,000 on shares at 769.85p a share. That takes his stake in the London Stock Exchange to 63,757 shares. The market price was soon well below that level as the shares dived on the back of the technical problems and fears about Dubai debt.

Dubai World and its subsidiary Nakheel are seeking a debt standstill ahead of a restructuring. Dubai World, which is run by the state, has $59bn of liabilities, its subsidiary Nakheel said in August, but the immediate concern is a $3.5bn bond taken out by Nakheel and maturing on 14 December.

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