London market's richest man halts £800m flotation

The richest man in the London market pulled the £800m (€1.2bn) flotation of his online trading firm today amid continued turmoil on the stock market.

Peter Cruddas indefinitely postponed the public listing of CMC Markets after more than a week of woe for global stock markets which has seen around £150bn (€219bn) wiped off the value of the UK's blue-chip companies.