Stock Exchange clears staff of leak

THE London Stock Exchange has conducted an internal investigation to clear staff of leaking information on the Archer affair, writes David Hellier.

The investigation, which included listening to taped telephone conversations to and from the exchange, followed allegations last week that Lord Archer personally placed orders to buy shares in Anglia Television. His purchases later became the subject of investigations at the Department of Trade and Industry and Stock Exchange.

It is understood that during a telephone conversation Lord Archer sought assurances from Michael Laurence, the Stock Exchange's chief executive, that the leaks to the press were not from within the exchange.

The investigation is believed to have satisfied the top ranks of the exchange that the leaks were not internal.