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UPDATE 1-'Problems' with Howden Joinery pricing cause jump in European index -STOXX Ltd

Published 05/29/2019, 05:17 PM
Updated 05/29/2019, 05:20 PM
UPDATE 1-'Problems' with Howden Joinery pricing cause jump in European index -STOXX Ltd
HWDN
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STOXX
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SXNP
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(Adds details, Howden comment, quote)
LONDON, May 29 (Reuters) - A spike in the pan-European STOXX
600 .STOXX and industrial goods and services .SXNP indexes
early on Wednesday was due to "problems with pricing data" for
Howden Joinery HWDN.L shares, index provider STOXX Ltd said in
an email to clients.
The issues occurred between 07:06:30 and 07:08:45 GMT, the
company said. All indexes including Howden Joinery were showing
incorrect prices during that period of time, a STOXX spokesman
said over the phone, adding he did not have any further details.
While the sudden jump in the indexes during the two minutes
was very clear, there was no discernible move in Howden shares
at that time.
Howden, which makes fitted kitchens and joinery products,
had not been contacted by STOXX Ltd by 0900 GMT, according to a
press representative of the company.
"We apologize for any inconvenience we may have caused,"
STOXX Ltd said to clients.

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