122-621: Delinian (formerly Euromoney Institutional Investor ) is a British financial media company that has interests in business and financial publishing and event organisation. As of 2020, it was one of Europe's largest business and financial information companies. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by private equity groups, Astorg and Epiris, in November 2022. Euromoney magazine
244-408: A V-2 rocket . Nonetheless, trading continued in the house's basement. After decades of uncertain if not turbulent times, stock market business boomed in the late 1950s. This spurred multiple officials to find new, more suitable accommodation. The work on the new Stock Exchange Tower began in 1967. The Exchange's new 321 feet (98 metres) high building had 26 storeys with council and administration at
366-580: A board of directors drawn from the Exchange's executive, customer, and user base; and the trading name became "The London Stock Exchange". The FTSE 100 Index (pronounced "Footsie 100") was launched by a partnership of the Financial Times and the Stock Exchange on 3 January 1984. This turned out to be one of the most useful indices of all, and tracked the movements of the 100 leading companies listed on
488-618: A Catholic aristocrat exiled to Spain and secretary to King Philip II. Three letters exist today describing the interview, detailing what Arthur proclaimed to be the story of his life, from birth in the royal palace to the time of his arrival in Spain. However, this failed to convince the Spaniards: Englefield admitted to King Philip that Arthur's "claim at present amounts to nothing", but suggested that "he should not be allowed to get away, but [...] kept very secure." The King agreed, and Arthur
610-410: A body politic to govern, so shall I desire you all ... to be assistant to me, that I with my ruling and you with your service may make a good account to Almighty God and leave some comfort to our posterity on earth. I mean to direct all my actions by good advice and counsel. As her triumphal progress wound through the city on the eve of the coronation ceremony , she was welcomed wholeheartedly by
732-572: A clause preventing "unchartered" companies from forming. After the Seven Years' War (1756–1763), trade at Jonathan's Coffee House boomed again. In 1773, Jonathan, together with 150 other brokers, formed a club and opened a new and more formal "Stock Exchange" in Sweeting's Alley. This now had a set entrance fee, by which traders could enter the stock room and trade securities. It was, however, not an exclusive location for trading, as trading also occurred in
854-592: A queen, having reigned such a time, lived and died a virgin". Later on, poets and writers took up the theme and developed an iconography that exalted Elizabeth. Public tributes to the Virgin by 1578 acted as a coded assertion of opposition to the queen's marriage negotiations with the Duke of Alençon. Ultimately, Elizabeth would insist she was married to her kingdom and subjects, under divine protection. In 1599, she spoke of "all my husbands, my good people". This claim of virginity
976-403: A regulated stock market, which had teething problems in the shape of unlicensed brokers. In order to regulate these, Parliament passed an Act in 1697 that levied heavy penalties, both financial and physical, on those brokering without a licence. It also set a fixed number of brokers (at 100), but this was later increased as the size of the trade grew. This limit led to several problems, one of which
1098-567: A result, the Parliament of 1559 started to legislate for a church based on the Protestant settlement of Edward VI , with the monarch as its head, but with many Catholic elements, such as vestments . The House of Commons backed the proposals strongly, but the bill of supremacy met opposition in the House of Lords , particularly from the bishops. Elizabeth was fortunate that many bishoprics were vacant at
1220-458: A short-tempered, sometimes indecisive ruler, who enjoyed more than her fair share of luck. Towards the end of her reign, a series of economic and military problems weakened her popularity. Elizabeth is acknowledged as a charismatic performer ("Gloriana") and a dogged survivor ("Good Queen Bess") in an era when government was ramshackle and limited, and when monarchs in neighbouring countries faced internal problems that jeopardised their thrones. After
1342-477: A silver breastplate over a white velvet dress, she addressed them in her Speech to the Troops at Tilbury : My loving people, we have been persuaded by some that are careful of our safety, to take heed how we commit ourself to armed multitudes for fear of treachery; but I assure you, I do not desire to live to distrust my faithful and loving people ... I know I have the body but of a weak and feeble woman, but I have
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#17328488230181464-417: A sort broken our commandment in a cause that so greatly touches us in honour ... And therefore our express pleasure and commandment is that, all delays and excuses laid apart, you do presently upon the duty of your allegiance obey and fulfill whatsoever the bearer hereof shall direct you to do in our name. Whereof fail you not, as you will answer the contrary at your utmost peril. Elizabeth's "commandment"
1586-649: A sympathetic teacher who believed that learning should be engaging. Current knowledge of Elizabeth's schooling and precocity comes largely from Ascham's memoirs. By the time her formal education ended in 1550, Elizabeth was one of the best educated women of her generation. At the end of her life, she was believed to speak the Welsh , Cornish , Scottish , and Irish languages in addition to those mentioned above. The Venetian ambassador stated in 1603 that she "possessed [these] languages so thoroughly that each appeared to be her native tongue". Historian Mark Stoyle suggests that she
1708-520: A talented and skilful tutor, she also progressed in French and Greek. By the age of 12, she was able to translate her stepmother Catherine Parr 's religious work Prayers or Meditations from English into Italian, Latin, and French, which she presented to her father as a New Year's gift. From her teenage years and throughout her life, she translated works in Latin and Greek by numerous classical authors, including
1830-426: A thousand members quit the Exchange between 1914 and 1918. When peace returned in November 1918, the mood on the trading floor was generally cowed. In 1923, the Exchange received its own coat of arms , with the motto Dictum Meum Pactum , My Word is My Bond. In 1937, officials at the Exchange used their experiences from World War I to draw up plans for how to handle a new war. The main concerns included air raids and
1952-499: A thousand pieces". However, after Parr discovered the pair in an embrace, she ended this state of affairs. In May 1548, Elizabeth was sent away. Thomas Seymour nevertheless continued scheming to control the royal family and tried to have himself appointed the governor of the King's person. When Parr died after childbirth on 5 September 1548, he renewed his attentions towards Elizabeth, intent on marrying her. Her governess Kat Ashley , who
2074-544: Is classified as a Multilateral Trading Facility (MTF) under the 2004 MiFID directive, and as such it is a flexible market with a simpler admission process for companies wanting to be publicly listed. The securities available for trading on LSE: Through the Exchange's Italian arm, Borsa Italiana , the London Stock Exchange Group as a whole offers clearing and settlement services for trades through CC&G (Cassa di Compensazione e Garanzia) and Monte Titoli.
2196-526: Is guilty". Seymour was beheaded on 20 March 1549. Edward VI died on 6 July 1553, aged 15. His will ignored the Succession to the Crown Act 1543 , excluded both Mary and Elizabeth from the succession, and instead declared as his heir Lady Jane Grey, granddaughter of Henry VIII's younger sister Mary Tudor, Queen of France . Jane was proclaimed queen by the privy council , but her support quickly crumbled, and she
2318-665: Is the Groups Central Counterparty and covers multiple asset classes throughout the Italian equity, derivatives and bond markets. CC&G also clears Turquoise derivatives. Monte Titoli is the pre-settlement, settlement, custody and asset services provider of the Group. Monte Titoli operates both on-exchange and OTC trades with over 400 banks and brokers. The LSE's trading platform is its own Linux -based edition named Millennium Exchange . Their previous trading platform TradElect
2440-647: The Pro Marcello of Cicero , the De consolatione philosophiae of Boethius , a treatise by Plutarch , and the Annals of Tacitus . A translation of Tacitus from Lambeth Palace Library, one of only four surviving English translations from the early modern era, was confirmed as Elizabeth's own in 2019, after a detailed analysis of the handwriting and paper was undertaken. After Grindal died in 1548, Elizabeth received her education under her brother Edward's tutor, Roger Ascham ,
2562-727: The Spanish ships to the northeast. The Armada straggled home to Spain in shattered remnants, after disastrous losses on the coast of Ireland (after some ships had tried to struggle back to Spain via the North Sea , and then back south past the west coast of Ireland). Unaware of the Armada's fate, English militias mustered to defend the country under the Earl of Leicester's command. Leicester invited Elizabeth to inspect her troops at Tilbury in Essex on 8 August. Wearing
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#17328488230182684-648: The Spanish Netherlands . In December 1584, an alliance between Philip II and the French Catholic League at Joinville undermined the ability of Anjou's brother, Henry III of France , to counter Spanish domination of the Netherlands. It also extended Spanish influence along the channel coast of France, where the Catholic League was strong, and exposed England to invasion. The siege of Antwerp in
2806-466: The Tower of London . Elizabeth fervently protested her innocence. Though it is unlikely that she had plotted with the rebels, some of them were known to have approached her. Mary's closest confidant, Emperor Charles's ambassador Simon Renard , argued that her throne would never be safe while Elizabeth lived; and Lord Chancellor Stephen Gardiner , worked to have Elizabeth put on trial. Elizabeth's supporters in
2928-477: The crucifix ), and downplayed the role of sermons in defiance of a key Protestant belief. Elizabeth and her advisers perceived the threat of a Catholic crusade against heretical England. The Queen therefore sought a Protestant solution that would not offend Catholics too greatly while addressing the desires of English Protestants, but she would not tolerate the Puritans , who were pushing for far-reaching reforms. As
3050-715: The succession question became a heated issue in Parliament. Members urged the Queen to marry or nominate an heir, to prevent a civil war upon her death. She refused to do either. In April she prorogued the Parliament, which did not reconvene until she needed its support to raise taxes in 1566. Having previously promised to marry, she told an unruly House: I will never break the word of a prince spoken in public place, for my honour's sake. And therefore I say again, I will marry as soon as I can conveniently, if God take not him away with whom I mind to marry, or myself, or else some other great let [obstruction] happen. By 1570, senior figures in
3172-401: The "Spanish panic" hit the markets, followed by a second one two years later. By June 1853, both participating members and brokers were taking up so much space that the Exchange was now uncomfortably crowded, and continual expansion plans were taking place. Having already been extended west, east, and northwards, it was then decided the Exchange needed an entire new establishment. Thomas Allason
3294-467: The Babington Plot. Elizabeth's proclamation of the sentence announced that "the said Mary, pretending title to the same Crown, had compassed and imagined within the same realm diverse things tending to the hurt, death and destruction of our royal person." On 8 February 1587, Mary was beheaded at Fotheringhay Castle , Northamptonshire. After the execution, Elizabeth claimed that she had not intended for
3416-609: The Catholic enemies of England, they detained her in England, where she was imprisoned for the next nineteen years. Mary was soon the focus for rebellion. In 1569 there was a major Catholic rising in the North ; the goal was to free Mary, marry her to Thomas Howard, Duke of Norfolk , and put her on the English throne. After the rebels' defeat, over 750 of them were executed on Elizabeth's orders. In
3538-625: The Catholics to retake the port. Elizabeth's intention had been to exchange Le Havre for Calais , lost to France in January 1558. Only through the activities of her fleets did Elizabeth pursue an aggressive policy. This paid off in the war against Spain , 80% of which was fought at sea. She knighted Francis Drake after his circumnavigation of the globe from 1577 to 1580, and he won fame for his raids on Spanish ports and fleets. An element of piracy and self-enrichment drove Elizabethan seafarers, over whom
3660-723: The Electronic Trading Service (SETS) was launched, bringing greater speed and efficiency to the market. Next, the CREST settlement service was launched. In 2000, the LSE's shareholders voted to become a public limited company, London Stock Exchange plc. The LSE also transferred its role as the United Kingdom's listing authority to the Financial Services Authority . EDX London , an international equity derivatives business,
3782-540: The English throne, but from the Ridolfi Plot of 1571 (which caused Mary's suitor, the Duke of Norfolk, to lose his head) to the Babington Plot of 1586, Elizabeth's spymaster Francis Walsingham and the royal council keenly assembled a case against her. At first, Elizabeth resisted calls for Mary's death. By late 1586, she had been persuaded to sanction Mary's trial and execution on the evidence of letters written during
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3904-521: The English throne. The marriage was the first of a series of errors of judgement by Mary that handed the victory to the Scottish Protestants and to Elizabeth. Darnley quickly became unpopular and was murdered in February 1567 by conspirators almost certainly led by James Hepburn, Earl of Bothwell . Shortly afterwards, on 15 May 1567, Mary married Bothwell, arousing suspicions that she had been party to
4026-450: The Exchange was progressively becoming an accepted part of the financial life in the city. In spite of continuous criticism from newspapers and the public, the government used the Exchange's organised market (and would most likely not have managed without it) to raise the enormous amount of money required for the wars against Napoleon. After the war and facing a booming world economy, foreign lending to countries such as Brazil, Peru and Chile
4148-575: The Exchange. On 20 July 1990, a bomb planted by the Provisional Irish Republican Army (IRA) exploded in the men's toilets behind the visitors' gallery. The area had already been evacuated and nobody was injured. About 30 minutes before the blast at 8:49 a.m., a man who said he was a member of the IRA told Reuters that a bomb had been placed at the exchange and was about to explode. Police officials said that if there had been no warning,
4270-508: The LSE merged with Borsa Italiana , creating London Stock Exchange Group (LSEG). The Group's headquarters are in Paternoster Square . Paternoster Square was the initial target for the protesters of Occupy London on 15 October 2011. Attempts to occupy the square were thwarted by police. Police sealed off the entrance to the square as it is private property, a High Court injunction having previously been granted against public access to
4392-679: The LSE: the main market and the alternative investment market. The main market is home to over 1,300 large companies from 60 countries. The FTSE 100 Index ("footsie") is the main share index of the 100 most highly capitalised British companies listed on the Main Market. The Alternative Investment Market is LSE's international market for smaller companies. A wide range of businesses including early-stage, venture capital -backed, as well as more-established companies join AIM seeking access to growth capital. The AIM
4514-575: The Queen had little control. After the occupation and loss of Le Havre in 1562–1563, Elizabeth avoided military expeditions on the continent until 1585, when she sent an English army to aid the Protestant Dutch rebels against Philip II. This followed the deaths in 1584 of the Queen's allies William the Silent , Prince of Orange, and the Duke of Anjou, and the surrender of a series of Dutch towns to Alexander Farnese, Duke of Parma , Philip's governor of
4636-547: The Rotunda of the Bank of England. Fraud was also rife during these times and in order to deter such dealings, it was suggested that users of the stock room pay an increased fee. This was not met well and ultimately, the solution came in the form of annual fees and turning the Exchange into a Subscription room. The Subscription room created in 1801 was the first regulated exchange in London, but
4758-692: The Spanish fleet of war ships intended for the Enterprise of England , as Philip II had decided to take the war to England. On 12 July 1588, the Spanish Armada, a great fleet of ships, set sail for the channel, planning to ferry a Spanish invasion force under the Duke of Parma to the coast of southeast England from the Netherlands. The armada was defeated by a combination of miscalculation, misfortune, and an attack of English fire ships off Gravelines at midnight on 28–29 July (7–8 August New Style), which dispersed
4880-530: The autumn of 1559, several foreign suitors were vying for Elizabeth's hand; their impatient envoys engaged in ever more scandalous talk and reported that a marriage with her favourite was not welcome in England: "There is not a man who does not cry out on him and her with indignation ... she will marry none but the favoured Robert." Amy Dudley died in September 1560, from a fall from a flight of stairs and, despite
5002-685: The belief that the revolt had been successful, Pope Pius V issued a bull in 1570, titled Regnans in Excelsis , which declared "Elizabeth, the pretended Queen of England and the servant of crime" to be excommunicated and a heretic , releasing all her subjects from any allegiance to her. Catholics who obeyed her orders were threatened with excommunication . The papal bull provoked legislative initiatives against Catholics by Parliament, which were, however, mitigated by Elizabeth's intervention. In 1581, to convert English subjects to Catholicism with "the intent" to withdraw them from their allegiance to Elizabeth
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5124-520: The cause, Leicester's own shortcomings as a political and military leader, and the faction-ridden and chaotic situation of Dutch politics led to the failure of the campaign. Leicester finally resigned his command in December 1587. Meanwhile, Francis Drake had undertaken a major voyage against Spanish ports and ships in the Caribbean in 1585 and 1586. In 1587 he made a successful raid on Cádiz , destroying
5246-510: The centre of [Elizabeth's] emotional life", as historian Susan Doran has described the situation. He died shortly after the defeat of the Spanish Armada in 1588. After Elizabeth's own death, a note from him was found among her most personal belongings, marked "his last letter" in her handwriting. Marriage negotiations constituted a key element in Elizabeth's foreign policy. She turned down
5368-479: The citizens and greeted by orations and pageants, most with a strong Protestant flavour. Elizabeth's open and gracious responses endeared her to the spectators, who were "wonderfully ravished". The following day, 15 January 1559, a date chosen by her astrologer John Dee , Elizabeth was crowned and anointed by Owen Oglethorpe , the Catholic bishop of Carlisle , in Westminster Abbey . She was then presented for
5490-456: The claims of his two half-sisters, the Catholic Mary and the younger Elizabeth, in spite of statutes to the contrary. Edward's will was set aside within weeks of his death and Mary became queen, deposing and executing Jane. During Mary's reign, Elizabeth was imprisoned for nearly a year on suspicion of supporting Protestant rebels. Upon her half-sister's death in 1558, Elizabeth succeeded to
5612-458: The committee and Parliament , respectively. The Stock Exchange ended up being closed from the end of July until the New Year, causing street business to be introduced again, as well as the "challenge system". The Exchange was set to open again on 4 January 1915 under tedious restrictions: transactions were to be in cash only. Due to the limitations and challenges on trading brought by the war, almost
5734-556: The company to offer specialist courses. London Stock Exchange The London Stock Exchange ( LSE ) is a stock exchange based in London , England. As of August 2023, the total market value of all companies trading on the LSE stood at $ 3.18 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral . Since 2007, it has been part of the London Stock Exchange Group (LSEG, which
5856-475: The company until his death in 2012. Patrick Sergeant continued to manage the business until 1985 when he became chairman. The company was first listed on the London Stock Exchange in 1986. Sergeant retired as chairman in September 1992 when he was appointed president and non-executive director, but served as a board member until May 2018. It was formerly 49% owned by the Daily Mail and General Trust Group until
5978-461: The concerns for air raids were greater than ever. Eventually, on the night of 29 December 1940, one of the greatest fires in London's history took place. The Exchange's floor was hit by a clutch of incendiary bombs , which were extinguished quickly. Trading on the floor was now drastically low and most was done over the phone to reduce the possibility of injuries. The Exchange was only closed for one more day during wartime, in 1945 due to damage from
6100-467: The coroner's inquest finding of accident, many people suspected her husband of having arranged her death so that he could marry the Queen. Elizabeth seriously considered marrying Dudley for some time. However, William Cecil , Nicholas Throckmorton , and some conservative peers made their disapproval unmistakably clear. There were even rumours that the nobility would rise if the marriage took place. Among other marriage candidates being considered for
6222-459: The earliest evidence of organised trading in marketable securities in London. After Gresham's Royal Exchange building was destroyed in the Great Fire of London , it was rebuilt and re-established in 1669. This was a move away from coffee houses and a step towards the modern model of stock exchange. The Royal Exchange housed not only brokers but also merchants and merchandise. This was the birth of
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#17328488230186344-536: The enemy". He enraged Elizabeth by accepting the post of Governor-General from the Dutch States General . Elizabeth saw this as a Dutch ploy to force her to accept sovereignty over the Netherlands, which so far she had always declined. She wrote to Leicester: We could never have imagined (had we not seen it fall out in experience) that a man raised up by ourself and extraordinarily favoured by us, above any other subject of this land, would have in so contemptible
6466-719: The exchange also lists (ticker symbol LSEG)). Despite a post- Brexit exodus of stock listings from the London Stock Exchange, the LSE was the most valued stock exchange in Europe as of 2023. According to the 2020 Office for National Statistics report, approximately 12% of UK-resident individuals reported having investments in stocks and shares. According to a 2020 Financial Conduct Authority report, approximately 15% of British adults reported having investments in stocks and shares. The Royal Exchange had been founded by English financier Thomas Gresham and Sir Richard Clough on
6588-424: The final stages of Mary's apparent pregnancy . If Mary and her child died, Elizabeth would become queen, but if Mary gave birth to a healthy child, Elizabeth's chances of becoming queen would recede sharply. When it became clear that Mary was not pregnant, no one believed any longer that she could have a child. Elizabeth's succession seemed assured. King Philip, who ascended the Spanish throne in 1556, acknowledged
6710-508: The financial industry "and the corrosive impacts of the ... sector on the world we live in" and activists also blocked entrances to HM Treasury and the Goldman Sachs office on Fleet Street . On 3 March 2022 the LSE declared it would suspend trading in GDR securities for Russian firms, subsequent to the 2022 Russian invasion of Ukraine . There are two main markets on which companies trade on
6832-598: The financial markets in the UK in 1986. The phrase "Big Bang" was coined to describe measures, including abolition of fixed commission charges and of the distinction between stockjobbers and stockbrokers on the London Stock Exchange, as well as the change from an open outcry to electronic, screen-based trading . In 1995, the Exchange launched the Alternative Investment Market , the AIM, to allow growing companies to expand into international markets. Two years later,
6954-526: The floor. Second, in March the London Stock Exchange formally merged with the eleven British and Irish regional exchanges, including the Scottish Stock Exchange . This expansion led to the creation of a new position of chief executive officer ; after an extensive search this post was given to Robert Fell. There were more governance changes in 1991, when the governing Council of the Exchange was replaced by
7076-536: The focus of plots against her predecessor. Elizabeth's unmarried status inspired a cult of virginity related to that of the Virgin Mary . In poetry and portraiture, she was depicted as a virgin, a goddess, or both, not as a normal woman. At first, only Elizabeth made a virtue of her ostensible virginity: in 1559, she told the Commons, "And, in the end, this shall be for me sufficient, that a marble stone shall declare that
7198-455: The government privately accepted that Elizabeth would never marry or name a successor. William Cecil was already seeking solutions to the succession problem. For her failure to marry, Elizabeth was often accused of irresponsibility. Her silence, however, strengthened her own political security: she knew that if she named an heir, her throne would be vulnerable to a coup; she remembered the way that "a second person, as I have been" had been used as
7320-460: The government, including William Paget, 1st Baron Paget , convinced Mary to spare her sister in the absence of hard evidence against her. Instead, on 22 May, Elizabeth was moved from the Tower to Woodstock Palace , where she was to spend almost a year under house arrest in the charge of Henry Bedingfeld . Crowds cheered her all along the way. On 17 April 1555, Elizabeth was recalled to court to attend
7442-492: The hand of Philip, her half-sister's widower, early in 1559 but for several years entertained the proposal of King Eric XIV of Sweden . Earlier in Elizabeth's life, a Danish match for her had been discussed; Henry VIII had proposed one with the Danish prince Adolf, Duke of Holstein-Gottorp , in 1545, and Edward Seymour, Duke of Somerset, suggested a marriage with Prince Frederick (later Frederick II) several years later, but
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#17328488230187564-447: The hands of King Philip II of Spain, marriage offered the chance of an heir. However, the choice of a husband might also provoke political instability or even insurrection. In the spring of 1559, it became evident that Elizabeth was in love with her childhood friend Robert Dudley . It was said that his wife Amy was suffering from a "malady in one of her breasts" and that the Queen would like to marry Robert if his wife should die. By
7686-481: The human toll would have been very high. The explosion ripped a hole in the 23-storey building in Threadneedle Street and sent a shower of glass and concrete onto the street. The long-term trend towards electronic trading platforms reduced the Exchange's attraction to visitors, and although the gallery reopened, it was closed permanently in 1992. The biggest event of the 1980s was the sudden de-regulation of
7808-420: The long-term strategies of the joint company is to expand Borsa Italiana's efficient clearing services to other European markets. In 2007, after Borsa Italiana announced that it was exercising its call option to acquire full control of MBE Holdings; thus the combined Group would now control Mercato dei Titoli di Stato, or MTS. This merger of Borsa Italiana and MTS with LSE's existing bond-listing business enhanced
7930-587: The model of the Antwerp Bourse . It was opened by Elizabeth I of England in 1571. During the 17th century, stockbrokers were not allowed in the Royal Exchange due to their perceived rude manners. They had to operate from other establishments in the vicinity, notably Jonathan's Coffee-House . At that coffee house, a broker named John Castaing started listing the prices of a few commodities including salt, coal, paper, and exchange rates in 1698. Originally, this
8052-461: The monarch as the supreme governor or risk disqualification from office; the heresy laws were repealed, to avoid a repeat of the persecution of dissenters by Mary. At the same time, a new Act of Uniformity was passed, which made attendance at church and the use of the 1559 Book of Common Prayer (an adapted version of the 1552 prayer book ) compulsory, though the penalties for recusancy , or failure to attend and conform, were not extreme. From
8174-449: The most recent deals. The magazine has interviewed numerous politicians and economists, including Arthur Laffer , Pierre Moscovici and Margrethe Vestager . The International Financial Law Review is the "market-leading financial law publication for lawyers in financial institutions, corporates and private practice". The company also provides training services: the London Metal Exchange announced in January 2015 that it would partner with
8296-557: The murder of her husband. Elizabeth confronted Mary about the marriage, writing to her: How could a worse choice be made for your honour than in such haste to marry such a subject, who besides other and notorious lacks, public fame has charged with the murder of your late husband, besides the touching of yourself also in some part, though we trust in that behalf falsely. These events led rapidly to Mary's defeat and imprisonment in Lochleven Castle . The Scottish lords forced her to abdicate in favour of her one-year-old son, James VI . James
8418-579: The negotiations had abated in 1551. In the years around 1559, a Dano-English Protestant alliance was considered, and to counter Sweden's proposal, King Frederick II proposed to Elizabeth in late 1559. For several years, she seriously negotiated to marry Philip's cousin Charles II, Archduke of Austria . By 1569, relations with the Habsburgs had deteriorated. Elizabeth considered marriage to two French Valois princes in turn, first Henry, Duke of Anjou , and then from 1572 to 1581 his brother Francis, Duke of Anjou , formerly Duke of Alençon. This last proposal
8540-430: The new political reality and cultivated his sister-in-law. She was a better ally than the chief alternative, Mary, Queen of Scots , who had grown up in France and was betrothed to Francis, Dauphin of France . When his wife fell ill in 1558, Philip sent the Count of Feria to consult with Elizabeth. This interview was conducted at Hatfield House , where she had returned to live in October 1555. By October 1558, Elizabeth
8662-436: The people's acceptance, amidst a deafening noise of organs, fifes, trumpets, drums, and bells. Although Elizabeth was welcomed as queen in England, the country was still in a state of anxiety over the perceived Catholic threat at home and overseas, as well as the choice of whom she would marry. Elizabeth's personal religious convictions have been much debated by scholars. She was a Protestant, but kept Catholic symbols (such as
8784-435: The queen, Robert Dudley continued to be regarded as a possible candidate for nearly another decade. Elizabeth was extremely jealous of his affections, even when she no longer meant to marry him herself. She raised Dudley to the peerage as Earl of Leicester in 1564. In 1578, he finally married Lettice Knollys , to whom the queen reacted with repeated scenes of displeasure and lifelong hatred. Still, Dudley always "remained at
8906-474: The range of covered European fixed income markets. London Stock Exchange Group acquired Turquoise , a Pan-European MTF, in 2009. Elizabeth I of England Elizabeth I (7 September 1533 – 24 March 1603) was Queen of England and Ireland from 17 November 1558 until her death in 1603. She was the last monarch of the House of Tudor . Elizabeth was the only surviving child of Henry VIII and his second wife, Anne Boleyn . When Elizabeth
9028-424: The reins of power, the country had an established Protestant church and was run by a council of Protestant nobles supported by Elizabeth. Mary refused to ratify the treaty. In 1563, Elizabeth proposed her own suitor, Robert Dudley, as a husband for Mary, without asking either of the two people concerned. Both proved unenthusiastic, and in 1565, Mary married Henry Stuart, Lord Darnley , who carried his own claim to
9150-529: The rest of Great Britain also benefited from the economic boom. Two other cities in particular showed great business development: Liverpool and Manchester. Consequently, in 1836 both the Manchester and Liverpool stock exchanges were opened. Some stock prices sometimes rose by 10%, 20% or even 30% in a week. These were times when stockbroking was considered a real business profession, and such attracted many entrepreneurs. Nevertheless, with booms came busts, and in 1835
9272-477: The rest of her life. Thomas Seymour engaged in romps and horseplay with the 14-year-old Elizabeth, including entering her bedroom in his nightgown, tickling her, and slapping her on the buttocks. Elizabeth rose early and surrounded herself with maids to avoid his unwelcome morning visits. Parr, rather than confront her husband over his inappropriate activities, joined in. Twice she accompanied him in tickling Elizabeth, and once held her while he cut her black gown "into
9394-414: The royal succession. Eleven days after Anne Boleyn's execution, Henry married Jane Seymour . Queen Jane died the next year shortly after the birth of their son, Edward , who was the undisputed heir apparent to the throne. Elizabeth was placed in her half-brother's household and carried the chrisom , or baptismal cloth, at his christening. Elizabeth's first governess , Margaret Bryan , wrote that she
9516-421: The short, disastrous reigns of her half-siblings, her 44 years on the throne provided welcome stability for the kingdom and helped to forge a sense of national identity. Elizabeth was born at Greenwich Palace on 7 September 1533 and was named after her grandmothers, Elizabeth of York and Lady Elizabeth Howard . She was the second child of Henry VIII of England born in wedlock to survive infancy. Her mother
9638-563: The signed execution warrant to be dispatched, and blamed her secretary, William Davison , for implementing it without her knowledge. The sincerity of Elizabeth's remorse and whether or not she wanted to delay the warrant have been called into question both by her contemporaries and later historians. Elizabeth's foreign policy was largely defensive. The exception was the English occupation of Le Havre from October 1562 to June 1563, which ended in failure when Elizabeth's Huguenot allies joined with
9760-399: The son of Holy Roman Emperor Charles V and an active Catholic. Discontent spread rapidly through the country, and many looked to Elizabeth as a focus for their opposition to Mary's religious policies. In January and February 1554, Wyatt's rebellion broke out; it was soon suppressed. Elizabeth was brought to court and interrogated regarding her role, and on 18 March, she was imprisoned in
9882-509: The sovereign's "two bodies": the body natural and the body politic : My lords, the law of nature moves me to sorrow for my sister; the burden that is fallen upon me makes me amazed, and yet, considering I am God's creature, ordained to obey His appointment, I will thereto yield, desiring from the bottom of my heart that I may have assistance of His grace to be the minister of His heavenly will in this office now committed to me. And as I am but one body naturally considered, though by His permission
10004-523: The square. The protesters moved nearby to occupy the space in front of St Paul's Cathedral . The protests were part of the global Occupy movement . On 25 April 2019, the final day of the Extinction Rebellion disruption in London, 13 activists glued themselves together in a chain, blocking the entrances of the LSE. The protesters were all later arrested on suspicion of aggravated trespass. Extinction Rebellion had said its protesters would target
10126-839: The stake was spun-off in 2019. In July 2022, the company agreed to accept a takeover offer worth £1.7 billion from private equity groups, Astorg and Epiris. The transaction was approved by the court on 22 November 2022. The company changed its name to Delinian in January 2023. Acquisitions include: Euromoney's portfolio includes brands such as Euromoney, Institutional Investor , BCA Research , Ned Davis Research , Fastmarkets MB , Fastmarkets AMM , International Tax Review , International Financial Law Review (IFLR), Managing Intellectual Property (MIP), SRP, Random Lengths, EMIS, Insurance Insider, Fastmarkets RISI, Global Capital and IJGlobal. International Tax Review (ITR) provides comprehensive coverage of international tax news and policy analysis, as well as surveys, in-depth features and unique guides to
10248-544: The start did not really back this course of action. Her strategy, to support the Dutch on the surface with an English army, while beginning secret peace talks with Spain within days of Leicester's arrival in Holland, had necessarily to be at odds with Leicester's, who had set up a protectorate and was expected by the Dutch to fight an active campaign. Elizabeth, on the other hand, wanted him "to avoid at all costs any decisive action with
10370-512: The start of Elizabeth's reign it was expected that she would marry, and the question arose to whom. Although she received many offers, she never married and remained childless; the reasons for this are not clear. Historians have speculated that Thomas Seymour had put her off sexual relationships. She considered several suitors until she was about 50 years old. Her last courtship was with Francis, Duke of Anjou , 22 years her junior. While risking possible loss of power like her sister, who played into
10492-418: The subsequent bombing of the Exchange's perimeters, and one suggestion was a move to Denham , Buckinghamshire. This however never took place. On the first day of September 1939, the Exchange closed its doors "until further notice" and two days later World War II was declared. Unlike in the prior war, the Exchange opened its doors again six days later, on 7 September. As the war escalated into its second year,
10614-535: The summer of 1585 by the Duke of Parma necessitated some reaction on the part of the English and the Dutch. The outcome was the Treaty of Nonsuch of August 1585, in which Elizabeth promised military support to the Dutch. The treaty marked the beginning of the Anglo-Spanish War , which lasted until the Treaty of London in 1604. The expedition was led by Elizabeth's former suitor, the Earl of Leicester. Elizabeth from
10736-522: The throne and set out to rule by good counsel. She depended heavily on a group of trusted advisers led by William Cecil , whom she created Baron Burghley . One of her first actions as queen was the establishment of an English Protestant church, of which she became the supreme governor . This era, later named the Elizabethan Religious Settlement , would evolve into the Church of England . It
10858-521: The throne. Mary was considered by many to be the heir to the English crown, being the granddaughter of Henry VIII's elder sister, Margaret . Mary boasted being "the nearest kinswoman she hath". Elizabeth was persuaded to send a force into Scotland to aid the Protestant rebels, and though the campaign was inept, the resulting Treaty of Edinburgh of July 1560 removed the French threat in the north. When Mary returned from France to Scotland in 1561 to take up
10980-575: The time, including the Archbishopric of Canterbury . This enabled supporters amongst peers to outvote the bishops and conservative peers. Nevertheless, Elizabeth was forced to accept the title of Supreme Governor of the Church of England rather than the more contentious title of Supreme Head , which many thought unacceptable for a woman to bear. The new Act of Supremacy became law on 8 May 1559. All public officials were forced to swear an oath of loyalty to
11102-489: The top, and middle floors let out to affiliate companies. Queen Elizabeth II opened the building on 8 November 1972; it was a new City landmark, with its 23,000 sq ft (2,100 m ) trading floor. 1973 marked a year of changes for the Stock Exchange. First, two trading prohibitions were abolished. A report from the Monopolies and Mergers Commission recommended the admittance of both women and foreign-born members on
11224-446: The transformation was not welcomed by all parties. On the first day of trading, non-members had to be expelled by a constable. In spite of the disorder, a new and bigger building was planned, at Capel Court. William Hammond laid the first foundation stone for the new building on 18 May. It was finished on 30 December when "The Stock Exchange" was incised on the entrance. In the Exchange's first operating years, on several occasions there
11346-509: The world, both the City and the Stock Exchange were hit hard by the outbreak of World War I in 1914. Due to fears that borrowed money was to be called in and that foreign banks would demand their loans or raise interest, prices surged at first. The decision to close the Exchange for improved breathing space and to extend the August Bank Holiday to prohibit a run on banks, was hurried through by
11468-407: Was video et taceo ("I see and keep silent"). In religion, she was relatively tolerant and avoided systematic persecution. After the pope declared her illegitimate in 1570, which in theory released English Catholics from allegiance to her, several conspiracies threatened her life, all of which were defeated with the help of her ministers' secret service, run by Sir Francis Walsingham . Elizabeth
11590-495: Was "as toward a child and as gentle of conditions as ever I knew any in my life". Catherine Champernowne , better known by her later, married name of Catherine "Kat" Ashley, was appointed as Elizabeth's governess in 1537, and she remained Elizabeth's friend until her death in 1565. Champernowne taught Elizabeth four languages: French, Dutch , Italian, and Spanish. By the time William Grindal became her tutor in 1544, Elizabeth could write English, Latin , and Italian. Under Grindal,
11712-649: Was Henry VIII's second wife, Anne Boleyn . At birth, Elizabeth was the heir presumptive to the English throne. Her elder half-sister Mary had lost her position as a legitimate heir when Henry annulled his marriage to Mary's mother, Catherine of Aragon , to marry Anne, with the intent to sire a male heir and ensure the Tudor succession. She was baptised on 10 September 1533, and her godparents were Thomas Cranmer , Archbishop of Canterbury ; Henry Courtenay, Marquess of Exeter ; Elizabeth Stafford, Duchess of Norfolk ; and Margaret Wotton, Dowager Marchioness of Dorset . A canopy
11834-469: Was a growing market. Notably, the Foreign Market at the Exchange allowed for merchants and traders to participate, and the Royal Exchange hosted all transactions where foreign parties were involved. The constant increase in overseas business eventually meant that dealing in foreign securities had to be allowed within all of the Exchange's premises. Just as London enjoyed growth through international trade,
11956-405: Was already making plans for her government. Mary recognised Elizabeth as her heir on 6 November 1558, and Elizabeth became queen when Mary died on 17 November. Elizabeth became queen at the age of 25, and declared her intentions to her council and other peers who had come to Hatfield to swear allegiance. The speech contains the first record of her adoption of the medieval political theology of
12078-568: Was announced that the LSE would merge with the Deutsche Börse ; however this fell through. On 23 June 2007, the LSE announced that it had agreed on the terms of a recommended offer to the shareholders of the Borsa Italiana S.p.A. The merger of the two companies created a leading diversified exchange group in Europe. The combined group was named the London Stock Exchange Group, but still remained two separate legal and regulatory entities. One of
12200-474: Was appointed as the main architect, and in March 1854, the new brick building inspired from the Great Exhibition stood ready. This was a huge improvement in both surroundings and space, with twice the floor space available. By the late 1800s, the telephone, ticker tape , and the telegraph had been invented. Those new technologies led to a revolution in the work of the Exchange. As the financial centre of
12322-428: Was based on Microsoft's .NET Framework , and was developed by Microsoft and Accenture. Despite TradElect only being in use for about two years, after suffering multiple periods of extended downtime and unreliability the LSE announced in 2009 that it was planning to switch to Linux in 2010. The main market migration to MillenniumIT technology was successfully completed in February 2011. The previous system, SETS,
12444-430: Was carried at the ceremony over the infant by her uncle George Boleyn, Viscount Rochford ; John Hussey, Baron Hussey of Sleaford ; Lord Thomas Howard ; and William Howard, Baron Howard of Effingham . Elizabeth was two years and eight months old when her mother was beheaded on 19 May 1536, four months after Catherine of Aragon's death from natural causes. Elizabeth was declared illegitimate and deprived of her place in
12566-462: Was cautious in foreign affairs, manoeuvring between the major powers of France and Spain . She half-heartedly supported a number of ineffective, poorly resourced military campaigns in the Netherlands , France, and Ireland. By the mid-1580s, England could no longer avoid war with Spain . As she grew older, Elizabeth became celebrated for her virginity . A cult of personality grew around her which
12688-487: Was celebrated in the portraits, pageants, and literature of the day. Elizabeth's reign became known as the Elizabethan era . The period is famous for the flourishing of English drama , led by playwrights such as William Shakespeare and Christopher Marlowe , the prowess of English maritime adventurers, such as Francis Drake and Walter Raleigh , and for the defeat of the Spanish Armada . Some historians depict Elizabeth as
12810-474: Was created in 2003 in partnership with OM Group. The Exchange also acquired Proquote Limited, a new generation supplier of real-time market data and trading systems. The old Stock Exchange Tower became largely redundant with Big Bang, which deregulated many of the LSE's activities: computerised systems and dealing rooms replaced face-to-face trading. In 2004, the LSE moved to a brand-new headquarters in Paternoster Square , close to St Paul's Cathedral . In 2007,
12932-471: Was deposed after nine days. On 3 August 1553, Mary rode triumphantly into London, with Elizabeth at her side. The show of solidarity between the sisters did not last long. Mary, a devout Catholic , was determined to crush the Protestant faith in which Elizabeth had been educated, and she ordered that everyone attend Catholic Mass; Elizabeth had to outwardly conform. Mary's initial popularity ebbed away in 1554 when she announced plans to marry Philip of Spain ,
13054-410: Was expected that Elizabeth would marry and produce an heir; however, despite numerous courtships, she never did. Because of this she is sometimes referred to as the "Virgin Queen". She was eventually succeeded by her first cousin twice removed, James VI of Scotland , the son of Mary, Queen of Scots . In government, Elizabeth was more moderate than her father and siblings had been. One of her mottoes
13176-655: Was fond of Seymour, sought to convince Elizabeth to take him as her husband. She tried to convince Elizabeth to write to Seymour and "comfort him in his sorrow", but Elizabeth claimed that Thomas was not so saddened by her stepmother's death as to need comfort. In January 1549, Seymour was arrested and imprisoned in the Tower on suspicion of conspiring to depose his brother Somerset as Protector, marry Lady Jane Grey to King Edward VI, and take Elizabeth as his own wife. Elizabeth, living at Hatfield House , would admit nothing. Her stubbornness exasperated her interrogator, Robert Tyrwhitt , who reported, "I do see it in her face that she
13298-470: Was founded by Sir Patrick Sergeant in 1969 as an international business-to-business media group focused primarily on the international finance sector. The costs to launch the magazine were covered with £6,000 from Associated Newspapers and £200 from Sergeant himself and a number of other Mail employees, with Hambros Bank putting up stand-by credit. Padraic Fallon joined the magazine as editor. He would takeover as chairman and executive after Sergeant, overseeing
13420-612: Was introduced in October 1997 and used until 2007. The London Market Information Link, a COBOL application running on a HP Tandem server was used to disseminate market data to terminals before being replaced by Infolect. The LSE facilitates stock listings in a currency other than its "home currency". Most stocks are quoted in GBP but some are quoted in EUR while others are quoted in USD. On 3 May 2000, it
13542-468: Was made a treasonable offence, carrying the death penalty. From the 1570s missionary priests from continental seminaries went to England secretly in the cause of the "reconversion of England". Some were executed for treasonable conduct, engendering a cult of martyrdom . Regnans in Excelsis gave English Catholics a strong incentive to look to Mary as the legitimate sovereign of England. Mary may not have been told of every Catholic plot to put her on
13664-431: Was mysteriously bedridden with an illness that caused her body to swell. In 1587, a young man calling himself Arthur Dudley was arrested on the coast of Spain under suspicion of being a spy. The man claimed to be the illegitimate son of Elizabeth and Robert Dudley, with his age being consistent with birth during the 1561 illness. He was taken to Madrid for investigation, where he was examined by Francis Englefield ,
13786-464: Was never heard from again. Modern scholarship dismisses the story's basic premise as "impossible", and asserts that Elizabeth's life was so closely observed by contemporaries that she could not have hidden a pregnancy. Elizabeth's first policy toward Scotland was to oppose the French presence there. She feared that the French planned to invade England and put her Catholic cousin Mary, Queen of Scots , on
13908-568: Was no clear set of regulations or fundamental laws for the Capel Court trading. In February 1812, the General Purpose Committee confirmed a set of recommendations, which later became the foundation of the first codified rule book of the Exchange. Even though the document was not a complex one, topics such as settlement and default were, in fact, quite comprehensive. With its new governmental commandments and increasing trading volume,
14030-411: Was not a daily list and was only published a few days of the week. This list and activity was later moved to Garraway's coffee house. Public auctions during this period were conducted for the duration that a length of tallow candle could burn; these were known as "by inch of candle" auctions. As stocks grew, with new companies joining to raise capital, the royal court also raised some monies. These are
14152-497: Was not universally accepted. Catholics accused Elizabeth of engaging in "filthy lust" that symbolically defiled the nation along with her body. Henry IV of France said that one of the great questions of Europe was "whether Queen Elizabeth was a maid or no". A central issue, when it comes to the question of Elizabeth's virginity, was whether the Queen ever consummated her love affair with Robert Dudley. In 1559, she had Dudley's bedchambers moved next to her own apartments. In 1561, she
14274-659: Was probably taught Cornish by William Killigrew , Groom of the Privy Chamber and later Chamberlain of the Exchequer . Henry VIII died in 1547 and Elizabeth's half-brother, Edward VI, became king at the age of nine. Catherine Parr, Henry's widow, soon married Thomas Seymour, Baron Seymour of Sudeley , Edward VI's uncle and the brother of Lord Protector Edward Seymour, Duke of Somerset . The couple took Elizabeth into their household at Chelsea . There Elizabeth experienced an emotional crisis that some historians believe affected her for
14396-400: Was taken to Stirling Castle to be raised as a Protestant. Mary escaped in 1568 but after a defeat at Langside sailed to England, where she had once been assured of support from Elizabeth. Elizabeth's first instinct was to restore her fellow monarch, but she and her council instead chose to play safe. Rather than risk returning Mary to Scotland with an English army or sending her to France and
14518-539: Was that her emissary read out her letters of disapproval publicly before the Dutch Council of State, Leicester having to stand nearby. This public humiliation of her "Lieutenant-General" combined with her continued talks for a separate peace with Spain irreversibly undermined Leicester's standing among the Dutch. The military campaign was severely hampered by Elizabeth's repeated refusals to send promised funds for her starving soldiers. Her unwillingness to commit herself to
14640-592: Was that traders began leaving the Royal Exchange, either by their own decision or through expulsion, and started dealing in the streets of London. The street in which they were now dealing was known as ' Exchange Alley ', or 'Change Alley'; it was suitably placed close to the Bank of England . Parliament tried to regulate this and ban the unofficial traders from the Change streets. Traders became weary of "bubbles" when companies rose quickly and fell, so they persuaded Parliament to pass
14762-500: Was tied to a planned alliance against Spanish control of the Southern Netherlands . Elizabeth seems to have taken the courtship seriously for a time, wearing a frog-shaped earring that Francis had sent her. In 1563, Elizabeth told an imperial envoy: "If I follow the inclination of my nature, it is this: beggar-woman and single, far rather than queen and married". Later in the year, following Elizabeth's illness with smallpox ,
14884-471: Was two years old, her parents' marriage was annulled, her mother was executed, and Elizabeth was declared illegitimate . Henry restored her to the line of succession when she was 10, via the Third Succession Act 1543 . After Henry's death in 1547, Elizabeth's younger half-brother Edward VI ruled until his own death in 1553, bequeathing the crown to a Protestant cousin, Lady Jane Grey , and ignoring
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