Owner: London Stock Exchange Group
Indices: FTSE 100 Index, FTSE 250 Indexm FTSE 350 Indexm FTSE SmallCap Index, FTSE All-Share Index
The London Stock Exchange (abbreviated LSE) is a stock exchange located in London. It is one of the largest stock markets in the world, offering the titles of several American and British companies. Its parent company is listed there, making even part of the FTSE 250.
Its headquarters are between Newgate Street and Paternoster Square close to St Paul’s Cathedral and the present High Criminal Court of the Old Bailey.
Founded in 1776 in its current form, it relies on the traditions born in the British financial revolution, when John Castaing, working in offices of Jonathan’s Coffee-House, published a price list called The Course of the Exchange and other things.
The London Stock Exchange is expanding in the 1840s, which saw England alone acquire half of 9500 kilometers of European rail in 1845, during the episode of the “railway mania”, which also contribute the equity traded in the financial centers of northern England. Banks are also very likely to be publicly traded in the decade foregoing and the following. The London Stock Exchange, however, suffers strong competition from the Paris until World War II.
The London Stock Exchange rejected the takeover attempt by NASDAQ in 2006, preferring to partner with Asia, where growth is more important. The London Stock Exchange was subsequently in talks to collaborate with Singapore Exchange (SGX) and plans to invest heavily in the share capital of SGX in the first half of 2008.
In 2007, the LSE merges with Italian stock exchange based in Milan to create the London Stock Exchange Group (LSEG).
February 9, 2011, LSEG announced its merger with its Canadian counterpart in order to pool their expertise for raw materials: the Toronto Stock Exchange. The merger ultimately fails, Toronto Stock Exchange preferring to be acquired with a group of Canadian investors known as the Maple Group.
In June 2014, LSEG announced the acquisition of Russell Investments, a financial service company also managing a significant investment fund, for $2.7 billion. In July 2014, Qatar Holding announces the sale of a third of the 15% stake it holds in the LSE to 260 million pounds.
In February 2016, the LSEG and Deutsche Börse announced their intention to merge.