Britannia’s Bonus Debenture Yield Tumbled On Erroneous Trade
A chart showing the ‘flash crash’ change in the value of the U.K. pound versus the U.S. dollar overnight sits on a trader’s computer screen. (Photographer: Chris Ratcliffe/Bloomberg)

Britannia’s Bonus Debenture Yield Tumbled On Erroneous Trade

An erroneous trade led to a settlement default and a spike in the prices of bonus debentures issued by Britannia Industries Ltd., causing the yield to tumble on Friday.Britannia had issued 24.03 cr...
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