THE City was eagerly expecting a deal last week. A warning two weeks earlier not to expect one had only whetted appetites. But this long-awaited merger not only involved dealings on the London Stock Exchange (LSE), it involved the exchange itself.
The announcement was due when the LSE announced its results last Thursday: there was indeed news of a link with another exchange a plan to make it easier for companies on the Hong Kong Exchange to list in London too and for the former colonys shares to be traded on Londons computerised system.
It was not what the