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London Stock Exchange

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London Stock Exchange

Principal stock exchange in London, England. The market was founded in 1773, 13 years after 150 brokers who been thrown out of the Royal Exchange reconvened at Jonathan's Coffee House. In 1986 a reorganization, dubbed the ‘big bang’, introduced a number of changes. It allowed ownership of member firms by outside corporations and firms were able to operate as both brokers and dealers (previously the functions had been separated). At the same time, the LSE became a private limited company. The London Stock Exchange was listed as a public company in July 2001.



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Chief executive Andrew Tinkler said: "I am delighted that the progress we have made in developing the group since its listing on the London Stock Exchange little more than one year ago has been reflected in our promotion to the FTSE 250 Index.
The London Stock Exchange has become increasingly internationalist in recent years and I'm not sure it's really serving the UK and the UK regions outside the south-east of England that well.
Chief gainer was London Stock Exchange, a hefty faller yesterday over fears for future business.
 
 
 
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