MMI suspended from trading

MONEY MARKETS International, the Dublin stockbroking firm whose main corporate client is oil minnow Dana International, was yesterday suspended from trading on the London stock exchange.

The move followed a notification from the Irish central bank that it had sent officials to the firm because of liquidity problems. The broker is understood to have had difficulty financing clients' holdings in Dana, whose shares have fallen from 24p to 8p in recent weeks. The central bank has told MMI not to deal for a week without its permission.