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IN THE NEWS
TOUR OF THE MONTH
ON THIS DAY IN LONDON
24th February 1992 Comedian Benny Hill suffers his first heart attack, two months before his death.
24th February 1981 Prince Charles and Princess Diana get engaged.
24th February 1948 Minder and New Tricks actor Dennis Waterman was born in Clapham, London.
24th February 1939 Born today: George Bain, principal (London Business School)
24th February 1906 Kingsway Tramway opened from Angel, Islington to Aldwych.
24th February 1711 Handel's opera Rinaldo premieres at the Queen's Theatre.
Money, Money, Money
Where the money is at...or indeed where we think it is
Location: 10 Paternoster Square, EC4M 7LS
Description: The 'London Stock Exchange' was founded in 1801 and is one of the largest stock exchanges in the world, with many overseas listings as well as British companies.
The exchange is part of the London Stock Exchange Group and so sometimes referred to by the ticker symbol for the group, LSE.
The trade in shares in London began with the need to finance two voyages: The Muscovy Company's attempt to reach China via the White Sea north of Russia, and the East India Company voyage to India and the east. The trading in the stocks of the second company began in 1688.
In 1697, a law was passed to 'restrain the number and ill-practice of brokers and stockjobbers' following a number of insider trading and market-rigging incidents. It required all brokers to be licensed and to take an oath promising to act lawfully.