The UK should block any attempt by Germany to shift the headquarters of the London Stock Exchange to Frankfurt after it merges with rival Deutsche Boerse, an MP has said.

Investors expect Spain to become the fourth euro member to need external funding as borrowing costs surge to levels too punitive for the nation to finance its needs on capital markets.

The FTSE 100 Index ended the day almost 2% down today as the worst snow in 20 years meant thin trading volumes in London.

THE battle for control of the London Stock Exchange (LSE) could jump into life this week after the Australian bank leading the chase appointed Goldman Sachs as financial advisor.