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Lunch Wrap

On FT Alphaville this morning,

- The Italians have sold their stake in the LSE.

- What, exactly, does Rock mean by “material”?

- Will oil prices break through the $100 mark? They’re edging there – ahead of the all important US inventories data, due 15:30GMT.

- DP World keeps it local with its DIFX IPO.

- Up to its neck in CDOs, ACA Capital hits trouble – squared.

- Stand by, then, for “generalised systemic financial meltdown”.

On FT.com,

- The FTSE fell sharply in morning trade after heavy losses in Asian markets and soaring oil prices.

- The Bank of England’s MPC minutes show deputy governor John Gieve voted for a rate cut.

- And Royal Dutch Shell have announced a deal to buy a stake in Ukrainian oilfields owned by AIM-listed Regal Petroleum.
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