66-516: CWP may refer to: Cable & Wireless plc (stock symbol on the New York Stock Exchange) Cakewalk Project, a Cakewalk Sonar sequencing software project file Camp White Pine Causeway Point Centralized Warning Panel (see Annunciator panel ) Chinese Misplaced Pages Chronic Widespread Pain (see Fibromyalgia#Genetics ) Coalition of Women for
132-599: 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
198-617: 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 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
264-702: A Just Peace Coalworker's pneumoconiosis Commonwealth Writers' Prize Communist Workers' Party (United States) Computing with words and perceptions Concealed Weapons Permit, see Concealed carry in the United States Coordinating Working Party on Fishery Statistics Cotswold Water Park Cotswold Wildlife Park , a zoo in Oxfordshire, England Crown Wheel and Pinion, see Differential (mechanical device) Current Warming Period , see Global warming Catch Wrestling Promotion, name since 2023 for
330-565: 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 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
396-659: A considerable contribution to the Allied war effort, supplying, for instance, the wireless equipment with which the North African campaign was conducted in 1942, and sending staff, in army uniforms marked with Telcon flashes, into several campaigns, starting in Italy in 1943. Following the Labour Party 's victory in the 1945 general election, the government announced its intention to nationalise Cable and Wireless, which
462-412: 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 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
528-570: 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 was no clear set of regulations or fundamental laws for the Capel Court trading. In February 1812, the General Purpose Committee confirmed
594-432: A new war. The main concerns included air raids and 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
660-675: A reverse takeover in terms of senior management, with John Pluthero appointed from Energis to head the UK business and Francesco Caio departing by April 2006. Cable & Wireless cancelled its American depositary receipts programme in December 2005, voluntarily delisting from the New York Stock Exchange . In February 2007, Cable & Wireless sold the Web Technology Group , which focused on internet systems for
726-452: 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, the Exchange was progressively becoming an accepted part of the financial life in the city. In spite of continuous criticism from newspapers and
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#1732772300862792-1079: A significant player in the UK telecoms market and in certain overseas markets, especially in the former British colonies of the Caribbean , where it was formerly the monopoly incumbent. It was also the main supplier of communication in the British South Atlantic, including Saint Helena and the Falkland Islands . It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index . The company split in March 2010, with its international division demerging to form Cable & Wireless Communications , acquired by Liberty Global in 2015, and since spun-off in 2018 from Liberty Global to Liberty Latin America, while
858-959: A strategy to sell global IP services to corporations. Cable & Wireless purchased Japanese company IDC (International Digital Communications), naming it Cable & Wireless IDC Inc. In July 1999, NTL purchased the consumer assets of Cable & Wireless for nearly £8.2 billion, integrating the telephone, internet and television operations of Cable & Wireless into its own ever-expanding operation. This in-part lead to an aggressive strategy where, during 1999 and 2000, Cable and Wireless purchased 12 ISPs and other companies across mainland Europe (Austria, France, Germany, The Netherlands, Belgium, Italy, Spain, and Switzerland) and Sweden and Ireland to create, with its UK business, Cable and Wireless Europe. In December 2000, Cable and Wireless purchased Hyperlink-Interactive . In 2001, Cable and Wireless sold its 52.5 percent stake in Cable and Wireless Optus , which
924-555: 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.
990-482: Is different from Wikidata All article disambiguation pages All disambiguation pages Cable %26 Wireless plc Cable & Wireless plc was a British telecommunications company. In the mid-1980s, it became the first company in the UK to offer an alternative telephone service to British Telecom (via subsidiary Mercury Communications ). The company later offered cable TV to its customers, but it sold its cable assets to NTL in 2000. It remained
1056-547: Is now the largest communications carrier in that country. In 1998, MCI Communications and WorldCom merged to create MCI WorldCom , the company's existing US subsidiary Cable and Wireless USA, Inc. purchased the MCI tier 1 backbone in the U.S. : prior to 1998, Cable & Wireless USA had merely operated a long-distance telephone business and a small internet service. In 1999, Cable & Wireless began building global IP and IP MPLS (multiprotocol label switching) networks with
1122-685: 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
1188-579: The British Empire into one operating company, initially known as the Imperial and International Communications Ltd , and from 1934 as Cable and Wireless Limited . The firm formed subsidiary corporations in various countries, such as the Indian Radio and Cable Communications Company in 1932, designed to oversee India's external communications with other countries. World War II revived
1254-670: 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 the 2020 Office for National Statistics report, approximately 12% of UK-resident individuals reported having investments in stocks and shares. According to
1320-519: 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 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
1386-721: The States of Guernsey . Later in 2002, Cable & Wireless announced its withdrawal from the US corporate market, with operations being sold to Primus Telecom . In March 2004, SAVVIS Communications Corporation purchased Cable and Wireless America for US$ 155 million via the Chapter 11 creditor protection process, assuming liabilities of around US$ 12.5 million and assets including the former MCI IP backbone AS3561. Cable & Wireless acquired Energis for £674 million in August 2005, resulting in
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#17327723008621452-457: The 'cable war' of 1914–1918. In 1939, German-owned cables across the Atlantic were cut once again, and, in 1940, Italian cables to South America and Spain were cut in retaliation for Italian action against two of the five British cables linking Gibraltar and Malta. Electra House , the company's head office and central cable station, was damaged by German bombing in 1941. However, the company made
1518-635: The Anglo-Mediterranean cable (linking Malta to Alexandria using a cable manufactured by one of Pender's companies) to Britain and India, respectively. The London to Bombay telegraph line was completed in 1870, and in 1872 the three companies were merged with the Marseilles, Algiers and Malta Telegraph Company to form the Eastern Telegraph Company , with Pender as chairman. The Eastern Telegraph Company expanded
1584-549: The British government as a prize of war, to be operated by the General Post Office. In 1920, the government decided to keep this cable, despite U.S. protests, and to purchase a second line, the two together being renamed Imperial Cable . With increasing competition from companies using radio communications, such as Marconi's Wireless Telegraph Company , it was decided in 1928 to merge the communications methods of
1650-711: 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,
1716-596: The Exchange for improved breathing space and to extend the August Bank Holiday to prohibit a run on banks, was hurried through by 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
1782-498: 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 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
1848-591: 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,
1914-516: 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
1980-691: 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
2046-668: The Pacific Cable and the cable across the Indian Ocean, by attacking island stations in each ocean. However, the most spectacular event of the first "cable war" came in 1917, when, following the United States' entry into the war, the German cable that had been cut three years before was lifted out of its position between New York and Emden, Germany, moved to a new position between Nova Scotia and Cornwall, and taken over by
CWP - Misplaced Pages Continue
2112-476: 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, 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
2178-470: The UK government, and in March sold its cabling business Allnet . In October 2008, Cable & Wireless completed the purchase of Thus plc , which was rebranded as "Thus, a Cable & Wireless business". In November 2009, the Cable and Wireless plc board announced its intention to separate the Cable & Wireless Communications Group and the Cable & Wireless Worldwide Group, reflecting its belief that
2244-549: The businesses had reached a position where they would deliver increased value to shareholders as separately listed companies. On 26 March 2010, Cable & Wireless Communications demerged as the former CWI Group business (Cable & Wireless International) from Cable and Wireless plc and was listed as a public company on the London Stock Exchange. Cable & Wireless plc became Cable & Wireless Worldwide. On 23 April 2012, Vodafone announced an agreement to acquire Cable & Wireless Worldwide for £1.04 billion. The purchase
2310-583: The cable length from 8,860 miles on its founding to 22,400 miles just 15 years later. The company steadily took over a number of companies founded to connect the West Indies and South America , among them the Eastern Extension Australasia and China Telegraph Company , leading to a name change to The Eastern and Associated Telegraph Companies in 1902. Throughout World War I , all cable services out of Britain were controlled by
2376-542: 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 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
2442-518: 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
2508-565: 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,
2574-507: The first long-distance switches to utilize least-cost routing, follow-on account codes and PINs. In 1997, Mercury was merged with three cable operators in the UK ( Vidéotron , Nynex , and Bell Cablemedia), and renamed Cable & Wireless Communications. Later that year, Cable & Wireless bought 49% of the Panamanian state-run INTEL (Instituto Nacional de TELecomunicaciones, National Telecommunications Institute) for US$ 652 million: it
2640-538: 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 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
2706-488: 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
CWP - Misplaced Pages Continue
2772-694: The former European Wrestling Promotion, a German/Austrian wrestling promotion, successor to the Catch Wrestling Association CWP Renewables , Australian company Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title CWP . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=CWP&oldid=1227723941 " Category : Disambiguation pages Hidden categories: Short description
2838-729: The government. The Eastern Telegraph group profited enormously from the diversion of business to India and East Asia, away from the German-owned overland routes and from the general use of telegrams in preference to letters, which were delayed by lack of civilian shipping. For the first time, cables became targets of warfare in themselves. Eastern Telegraph, the British Royal Navy , and the General Post Office collaborated on cutting all cable links between Germany and North America. The Germans temporarily disabled both
2904-490: 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
2970-497: The limitations and challenges on trading brought by the war, almost 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
3036-420: 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
3102-409: The nationalised industries, and Cable and Wireless was an early candidate because of its history as a private company. The plan to privatise was announced in 1980. The government sold the first half of its share in Cable & Wireless in November 1981. In February 1982, the government granted a licence for a UK telecommunications network, Mercury Communications Ltd , as a rival to British Telecom . It
3168-489: 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 was a growing market. Notably, the Foreign Market at the Exchange allowed for merchants and traders to participate, and
3234-587: The remainder of the Cable & Wireless business became Cable & Wireless Worldwide and was acquired by Vodafone in 2012. Cable and Wireless traces its history back to a number of British telegraph companies founded in the 1860s, and cites Sir John Pender as the founder. In 1869, Pender founded the Falmouth, Malta, Gibraltar Telegraph Company and the British Indian Submarine Telegraph Company , which connected
3300-532: 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
3366-412: 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 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,
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#17327723008623432-495: 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
3498-415: 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 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
3564-425: The war escalated into its second year, 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
3630-747: Was a company named TDX Systems. In 1986, the US long distance industry was deregulated, and many new companies launched into the equal access market. TDX Systems, based in Falls Church, Virginia , was one of these, with a footprint between Washington, DC and New York. TDX carried data (analog modem up to digital DS3), and built its own telephone switches at its engineering facility in Chantilly, VA. TDX voice switches, called "SSTs" (satellite switching terminal) were centrally controlled nationwide by Perkin-Elmer mainframes in Falls Church, and were some of
3696-429: 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 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
3762-582: 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
3828-484: 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,
3894-479: Was carried out in 1947. While the company would remain in being as a government-owned company, continuing to own assets and operating telecommunication services outside the UK, all assets in the UK were integrated with those of the General Post Office , which operated the UK's domestic telecommunications monopoly. In 1979, the Conservative Party government led by Margaret Thatcher began privatising
3960-511: Was completed on 30 July 2012, and Cable & Wireless was fully integrated into Vodafone on 1 April 2013. 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
4026-474: 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,
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#17327723008624092-467: Was established as a subsidiary of Cable & Wireless. Seeing an opportunity to enter the growing US telecom market afforded by new, optical fiber technology (The US Communications Act of 1934 prohibited ownership of radio facilities by foreign owned companies), Cable & Wireless acquired 9xDS3s from MCI along the Amtrak right of way and began selling transmission services. Among its early customers
4158-424: 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
4224-484: Was only closed for one more day during wartime, in 1945 due to damage from 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
4290-460: 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 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
4356-471: Was the second-largest telecom company in Australia, to SingTel . The deal was said to be the second largest corporate deal in Australian history. In November 2001, Cable and Wireless acquired the bankrupt co-location provider Exodus Communications for US$ 800 million, and Exodus' operations were then merged with the previously acquired Digital Island and renamed Cable and Wireless America. In May 2002, Cable and Wireless purchased Guernsey Telecoms from
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