75-551: Pinewood Technologies Group PLC ( LSE : PINE ) is a business focused on pure-play software-as-a-service for car dealerships. The company is based at Solihull Parkway, Birmingham . It is listed on the London Stock Exchange The company was established when the vehicle division of Williams Holdings , which operated nineteen car dealerships, was demerged as Pendragon PLC in November 1989. From that time until April 2010,
150-408: 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
225-580: 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
300-572: 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
375-447: A duty to assess all UK government statistics. Following Gordon Brown's announcement of new constitutional arrangements for public appointments, Sir Michael also became, on 18 July, the first such nominee to appear before the House of Commons Treasury Committee and to have his nomination subject to confirmation by the House. On 7 February 2008, following the first meeting of the shadow board, it
450-793: A head office in the city of Newport , Wales, and other offices in 2 Marsham Street in London and Titchfield in Hampshire. The Family Records Centre in Myddelton Street in Islington , London, moved to the National Archives in Kew in 2008. They also have an Archive Storage site located in Christchurch , Dorset. The London (Pimlico) office was the head office until April 2006 when the corporate headquarters
525-470: A portrait of the country as its population evolves over time. This is often produced in ways that make comparison with other societies and economies possible. Much of the data on which policy-makers depend is produced by ONS through a combination of a decennial population census, samples and surveys and analysis of data generated by businesses and organisations such as the National Health Service and
600-519: A proposed takeover of Lookers . Soon thereafter, the automotive industry was hit by a recession, leading to the closure of dealerships, and job cuts in both the United Kingdom and United States. In April 2019, shares in the company fell 13%, after it posted their £2.8 million first quarter loss, substantially below the £6 million profit predicted by analysts. After an initial business review in June 2019, it
675-403: 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
750-456: A strategic $ 4.2 million minority investment in Seez, a Dubai-based automotive AI company. On 24 October 2024 Pinewood Technologies announced its customer-facing name is now Pinewood Automotive Intelligence, with a contemporary brand look that puts tech at the heart of the business and underpins global growth plans that were announced to investors at the company's first Capital Markets Day. The company
825-426: 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
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#1733084941069900-544: 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.
975-493: Is focused on pure-play software-as-a-service for car dealerships. Pinewood Automotive Intelligence™ provides dealerships the ultimate end-to-end ecosystem of apps, trusted by partners in over 20 countries to unlock the value of their customer data and make better commercial and business decisions. London Stock Exchange The London Stock Exchange ( LSE ) is a stock exchange based in London , England. As of August 2023,
1050-630: Is responsible for the collection and publication of statistics related to the economy, population and society of the United Kingdom; responsibility for some areas of statistics in Scotland , Northern Ireland and Wales is devolved to the devolved governments for those areas. The ONS functions as the executive office of the National Statistician , who is also the UK Statistics Authority's Chief Executive and principal statistical adviser to
1125-665: 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
1200-574: 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
1275-641: The Statistics and Registration Service Act 2007 . In July 2007, Sir Michael Scholar was nominated by the government to be the three-day-a-week non-executive chairman of the Statistics Board which, with the intention of re-establishing faith in the integrity of government statistics, was to take on statutory responsibility for oversight of UK statistics in April 2008 and oversee the Office for National Statistics; also having
1350-401: 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
1425-477: The 2004 Big Brother Award for the "Most Heinous Government Organisation" from the campaigning organisation Privacy International for its Citizen Information Project . The project is one of several that led the Information Commissioner to warn that there is a danger of the country "sleepwalking" into a surveillance society . In December 2012 the organisation's new website to provide statistics to
1500-409: 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 the model of
1575-666: 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,
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#17330849410691650-450: 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
1725-575: 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,
1800-711: The Exchequer, announced on 28 November 2005, that the government intended to publish plans in early 2006 to legislate that the ONS and the statistics it generates are independent of government on a model based on the independence of the Monetary Policy Committee of the Bank of England. This was originally a 1997 Labour manifesto commitment and was also the policy of the Liberal Democrat and Conservative parties. Such independence
1875-892: The Home Office, the Department of Health , and the Department for Education and Skills . ONS is also responsible for the maintenance of the Inter-Departmental Business Register and the Business Structure Database . Before the establishment of the UK Statistics Authority , the statistical work of ONS, since June 2000, was scrutinised by the Statistics Commission , an independent body with its own chairman and small staff. This ceased to operate from 1 April 2008. The General Register Office and
1950-508: 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
2025-679: 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
2100-538: The ONS already acted independently, as per its own published guidelines, the National Statistics Code of Practice, which set out the key principles and standards that official statisticians, including those in other parts of the government statistical service, were expected to follow and uphold). The details of the plans for independence were considered in Parliament during the 2006/2007 session and resulted in
2175-572: The ONS. John Pullinger replaced Jil Matheson as National Statistician (and Chief Executive of the UK Statistics Authority) in July 2014. Pullinger retired in June 2019 and in October 2019 professor Sir Ian Diamond assumed the role of National Statistician. The work of the ONS covers the collection of data and the analysis and publication of statistics covering the economy, population, and society of
2250-451: 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
2325-806: The UK's National Statistics Institute, and the 'Head Office' of the Government Statistical Service (GSS). Its main office is in Newport near the United Kingdom Intellectual Property Office and Tredegar House , but another significant office is in Titchfield in Hampshire, and a small office is in London. ONS co-ordinates data collection with the respective bodies in Northern Ireland and Scotland, namely NISRA and NRS . The ONS
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2400-477: The UK. Where data is broken down by geographical area, this is usually done by the areas defined in the ONS geographical coding system . The principal areas of data collection include: Statisticians are also employed by many other Government departments and agencies, and these statisticians often collect and publish data. They are members of the Government Statistical Service and are the professional responsibility of
2475-458: 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
2550-498: The company was chaired by Sir Nigel Rudd . In 1990, the company expanded its portfolio to incorporate volume car franchises, such as Ford and Vauxhall. Following this, Pendragon began a series of high profile acquisitions. The Stratstone brand, largely associated with London , was acquired in 1992, establishing a relationship for Pendragon with Jaguar and Land Rover. In August 1997, the company acquired 17 volume car dealerships from Lex Service PLC. In August 1998, Pinewood Computers
2625-461: 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
2700-459: 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
2775-639: The economic and social policies and monitor the economic progress of the United Kingdom. It also allows international comparisons to be made. The Blue Book is published alongside the United Kingdom Balance of Payments – The Pink Book . The Office for National Statistics collaborates with the University of Southampton in the teaching of an MSc in Official Statistics; the programme has been running since 2003. The Virtual Microdata Laboratory (VML)
2850-520: The fact that few of the experienced staff working in these highly technical areas were expected to relocate to Newport, resulting in a substantial loss of expertise and a consequent threat to the continued quality of the statistics. In a submission to the Parliamentary Treasury Sub Committee, the Bank of England expressed concern over the relocation of the ONS to Newport , saying, that "the relocation programme poses serious risks to
2925-508: 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
3000-617: 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,
3075-526: 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
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3150-604: The head of the service, who is also the National Statistician. Each department has a statistical service Head of Profession . For example, data on Agriculture, Fishing and Forestry comes primarily from the Department for the Environment, Food and Rural Affairs . Along with economic data on which the Treasury and Bank of England rely for decision-making, many of the statistics that receive widespread media attention are issued by
3225-481: 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
3300-420: 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
3375-444: The maintenance of the quality of macroeconomic data. If substantial numbers of ONS staff are unwilling to relocate, the loss of skilled individuals could have a severe impact on a range of statistics." The director of ONS at the time vigorously defended the implementation of government policy on civil service relocation and the decision to concentrate staff in the three locations outside London. The Office for National Statistics won
3450-510: The post of Registrar-General for England and Wales ceased to be part of ONS from that date but remains subject to ministerial accountability within the Home Office . The annual United Kingdom National Accounts are published in an online publication (The Blue Book ) by the Office for National Statistics. It records and describes economic activity in the United Kingdom and as such is used by government, banks, academics and industries to formulate
3525-532: The public was described as "a disaster" by members of parliament on the Public Administration Committee. The chair of the UK Statistics Authority said that significant improvements to the website were being made, but admitted that its state at the time made it "difficult to use, difficult to navigate and difficult to search". In 2016, professor Sir Charles Bean conducted an independent review of UK Economic Statistics. He notes that although there
3600-461: The range of covered European fixed income markets. London Stock Exchange Group acquired Turquoise , a Pan-European MTF, in 2009. Office for National Statistics The Office for National Statistics ( ONS ; Welsh : Swyddfa Ystadegau Gwladol ) is the executive office of the UK Statistics Authority , a non-ministerial department which reports directly to the UK Parliament . The ONS
3675-524: The register of births, marriages and deaths. Its publications, and analyses by other users based on its published data, are reported and discussed daily in the media as the basis for the public understanding of the country in which they live. The reliance on some of these data by government (both local and national) makes ONS material central to debates about the determination of priorities, the allocation of resources and for decisions on interest rates or borrowing. The complexity and degree and speed of change in
3750-529: 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
3825-743: The society, combined with the challenge of measuring some of these (e.g. in relation to longevity, migration or illness patterns or fine movements in inflation or other aspects of national accounts) give rise to periodic debates about some of its indicators and portrayals. Many of these rely on sources which are outside ONS, while some of its own sources need to be supplemented, for example between censuses, by updated but less rigorously obtained information from other sources. Consequently, unexpected or incomplete data or occasional errors or disputes about its analysis can also attract considerable attention. ONS data can also be used in epidemiologic studies such as survival analysis . Gordon Brown , then Chancellor of
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#17330849410693900-523: 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
3975-418: 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,
4050-766: The third largest Jaguar dealership in America. Throughout the remainder of 2000 and into 2001, various other dealerships based in California were acquired including, in April 2001, Hornburg, which held the Jaguar and Land Rover dealership in Los Angeles. Pendragon PLC acquired C. D. Bramall of Harrogate , taking on 111 new dealerships, in March 2004, and then bought Reg Vardy PLC of Sunderland , taking on 96 new dealerships, in December 2005. However, in April 2006, Pendragon were unable to complete
4125-489: 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
4200-581: 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 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
4275-446: 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
4350-509: 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
4425-469: 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,
4500-473: Was acquired by Pendragon, expanding the company's portfolio into the specialist areas of dealer management systems, telecommunications and remote security monitoring systems for the retail motor industry. Pendragon went on to acquire Evans Halshaw of Birmingham in February 1999. After this, a further 32 franchised dealerships were bought from Lex Service PLC in March 2000. In July 2000, Pendragon expanded into America, with their acquisition of Bauer Jaguar ,
4575-562: Was also sought by the Royal Statistical Society and the Statistics Commission . The National Statistician would be directly accountable to Parliament through a more widely constituted independent governing Statistics Board. The ONS would be a non-ministerial government department so that the staff, including the Director, would remain as civil servants but without being under direct ministerial control. The then National Statistician, Dame Karen Dunnell , stated that legislation would help improve public trust in official statistics (although
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#17330849410694650-581: Was announced that it would be known as the UK Statistics Authority (UKSA). In 2012, Andrew Dilnot replaced Michael Scholar as chairman of the Authority. Since its establishment, ONS has had five Directors: professor Tim Holt ; Len Cook ; Karen Dunnell ; Jil Matheson ; and, from October 2012, Glen Watson . Len Cook was the first Director to hold the newly created role of National Statistician. The roles of Director of ONS and National Statistician were combined until 2012 when Jil Matheson continued as National Statistician while Glen Watson became Director of
4725-456: 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
4800-415: 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
4875-428: 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,
4950-474: 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,
5025-424: Was established in 2004 to allow researchers access to business data. It is a secure facility within the Office for National Statistics where both government officials and academic researchers can analyse sensitive, detailed data for statistical purposes. The researchers cannot download the data or take any copies out of the laboratory and the results of the analysis is checked for statistical disclosure. The ONS has
5100-462: Was formed on 1 April 1996 by the merger of the Central Statistical Office (CSO) and the Office of Population Censuses and Surveys (OPCS). Following the Statistics and Registration Service Act 2007 , the United Kingdom Statistics Authority became a non-ministerial department on 1 April 2008. ONS produces and publishes a wide range of the information about the United Kingdom that can be used for social and economic policy-making as well as painting
5175-517: Was found that losses incurred by the Car Store division had jumped from £11.9m in 2018 to over £25m in 2019, as a result of excess used car stock and execution inefficiency. Its CEO, Mark Herbert, left the company after serving for just three months. Following the sale of its motor dealerships (Stratstone, Evans Halshaw, California and Car Store) to Lithia Motors , the company changed its name from Pendragon PLC to Pinewood Technologies in February 2024. In September 2024, Pinewood Technologies announced
5250-424: 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
5325-417: Was moved to Newport following the Lyons Review on public sector relocation. Between 2011 and 2022 the London office was located on the 2nd floor of the former Drummond Gate headquarters; since 2022 the London office has been located in 2 Marsham Street. The ONS asserted that recruitment and training of quality staff in South Wales, where data collection and analysis already took place, would ensure that there
5400-568: 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,
5475-502: Was no risk to the quality of its services and that it managed the risks associated with the changes. However, the plan to discontinue statistical activity in London proved controversial amid claims that the shift of functions from London and the closure of the London office would have serious implications for the future of certain sets of statistics. These include health statistics, National Accounts, Retail and Consumer Prices and Labour Market Statistics. These risks were stated to derive from
5550-411: 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
5625-592: 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
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