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London Stock Exchange

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Wikipedia, Hutchinson 0.01 sec.

London Stock Exchange

London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. In 1801 its members raised money for construction of a building in Bartholomew Lane; they established rules for the exchange the following year. In 1973 the London Stock Exchange merged with several regional British stock exchanges. In 1991 the exchange replaced its governing council with a board of directors, and it became a public limited company.



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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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