UPDATE 1-UK bans short-selling in three Portuguese stock

UK bans short-selling in three Portuguese stocks

(Reuters) – Britain’s financial market watchdog said on Thursday it had imposed a temporary ban on the short-selling of three Portuguese companies to help Portugal‘s market regulator cope with volatility in these shares.

The ban follows similar action in Portugal, where market regulators have tried to calm volatility after the resignation of two government ministers brought the Portuguese government to the brink of collapse.

In London, the restriction applies to banks Banco Comercial Portugues, Banco Espirito Santo, and Sonae Industria SGPS, the Financial Conduct Authority said, and will be in force through to midnight Thursday.

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