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IN THE NEWS
TOUR OF THE MONTH
ON THIS DAY IN LONDON
23rd November 1951 Born today: David Rappaport, London England, 3'11 actor (Wizard, Time Bandits)
23rd November 1946 Born today: Diana Quick, London England, actress (Brideshead, Big Sleep, Odd Job)
23rd November 1931 Fulham and England footballer Alan Mullery born in Notting Hill.
23rd November 1896 Woolwich Arsenal's Joe Powell breaks his wrist in a league match, dying 6 days later from tetanus complications.
23rd November 1869 The Cutty Sark was launched from Dumbarton, headed for the China-tea routes.
23rd November 1705 Nicholas Rowe's Ulysses, premieres in London
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.