116-525: Foresight Group Holdings plc is a British private equity and venture capital business focussed on clean energy generation and associated infrastructure. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index . The company was founded by Bernard Fairman and Peter English in 1984. They initially raised £20 million in venture capital. The company subsequently built up
232-529: A French Invasion of Hanover . The convention removed Hanover from the war, leaving the western approach to Prussian territory extremely vulnerable. Frederick sent urgent requests to Britain for more substantial assistance, as he was now without any outside military support for his forces in Germany. Things were looking grim for Prussia now, with the Austrians mobilising to attack Prussian-controlled soil and
348-599: 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
464-617: 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
580-555: A Russian army of 43,000 commanded by Count William Fermor . Both sides suffered heavy casualties—the Prussians 12,800, the Russians 18,000—but the Russians withdrew, and Frederick claimed victory. The American historian Daniel Marston described Zorndorf as a "draw" as both sides were too exhausted and had taken such losses that neither wished to fight another battle with the other. In the undecided Battle of Tornow on 25 September,
696-526: A battle, Russian generals did not wish to risk another battle knowing resupply would be a long time coming. This long-standing weakness was evident in the Russian-Ottoman War of 1735–1739, where Russian battle victories led to only modest war gains due to problems supplying their armies. The Russian quartermasters department had not improved, so the same problems reoccurred in Prussia. Still,
812-565: 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
928-546: A combined French and Reichsarmee force under Prince Soubise approaching from the west. The Reichsarmee was a collection of armies from the smaller German states that had banded together to heed the appeal of the Holy Roman Emperor Franz I of Austria against Frederick. However, in November and December 1757, the whole situation in Germany was reversed. First, Frederick devastated Soubise's forces at
1044-699: A commander in the Prussian Army), regrouped his army and launched a series of offensives that drove the French back across the River Rhine . Ferdinand's forces kept Prussia's western flank secure for the rest of the war. The British had suffered further defeats in North America, particularly at Fort William Henry . At home, however, stability had been established. Since 1756, successive governments led by Newcastle and Pitt had fallen. In August 1757,
1160-412: 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
1276-570: 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
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#17327987615351392-432: 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
1508-644: A regional presence with offices in Edinburgh, Cambridge, Manchester, Milton Keynes, Leicester, Nottingham, and Dublin. The company was the subject of an initial public offering on the London Stock Exchange, which valued the company at £455 million, in April 2021. In August 2023, having already established funds dedicated to other parts of the UK, it announced that it had raised £90m for a fund dedicated to
1624-452: 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
1740-596: A small French force at Jumonville Glen on 28 May 1754 killing ten, including commander Joseph Coulon de Jumonville . The French retaliated by attacking Washington's army at Fort Necessity on 3 July 1754 and forced Washington to surrender. These were the first engagements of what would become the worldwide Seven Years' War. Britain and France failed to negotiate a solution after receiving news about this in Europe. The two countries eventually sent regular troops to North America to enforce their claims. The first British action
1856-689: Is called the Seven Years' War (1756–1763). In French-speaking Canada, it is known as La guerre de la Conquête (the War of the Conquest ). Swedish historiography uses the name Pommerska kriget (the Pomeranian War ), as the Sweden–Prussia conflict between 1757 and 1762 was limited to Pomerania in northern central Germany. The Third Silesian War involved Prussia and Austria (1756–1763). On
1972-555: 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.
2088-685: 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
2204-558: The Allegheny and Monongahela rivers meet to form the Ohio River in present-day Pittsburgh , Pennsylvania. Peaceful British attempts to halt this fort construction were unsuccessful, and the French proceeded to build the fort they named Fort Duquesne . British colonial militia from Virginia accompanied by Chief Tanacharison and a small number of Mingo warriors were sent to drive them out. Led by George Washington , they ambushed
2320-457: The Battle of Domstadtl that wiped out a supply convoy destined for Olmütz, Frederick broke off the siege and withdrew from Moravia. It marked the end of his final attempt to launch a major invasion of Austrian territory. In January 1758, the Russians invaded East Prussia , where the province, almost denuded of troops, put up little opposition. East Prussia had been occupied by Russian forces over
2436-519: The Battle of Rossbach on 5 November 1757 and then routed a vastly superior Austrian force at the Battle of Leuthen on 5 December 1757. Rossbach was the only battle between the French and the Prussians during the entire war. At Rossbach, the Prussians lost about 548 men killed while the Franco- Reichsarmee force under Soubise lost about 10,000 killed. Frederick always called Leuthen his greatest victory, an assessment shared by many at
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#17327987615352552-646: The Diplomatic Revolution . In the War of the Austrian Succession , which lasted from 1740 to 1748, Prussian King Frederick II , known as Frederick the Great, seized the prosperous province of Silesia from Austria. Empress Maria Theresa of Austria had signed the Treaty of Aix-la-Chapelle in 1748 in order to gain time to rebuild her military forces and forge new alliances. The War of
2668-644: The Fantastic War . Spain lost Havana in Cuba and Manila in the Philippines to Britain, but they were returned in the 1763 Treaty of Paris . In Europe, the large-scale conflict that drew in most of the European powers was centred on the desire of Austria to recover Silesia from Prussia. The Treaty of Hubertusburg ended the war between Saxony, Austria, and Prussia in 1763. France's supremacy in Europe
2784-544: 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
2900-519: 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
3016-599: The early modern period was characterised by the widespread adoption of firearms in combination with more traditional bladed weapons . Eighteenth-century European armies were built around units of massed infantry armed with smoothbore flintlock muskets and bayonets . Cavalrymen were equipped with sabres and pistols or carbines ; light cavalry were used principally for reconnaissance , screening and tactical communications , while heavy cavalry were used as tactical reserves and deployed for shock attacks . Smoothbore artillery provided fire support and played
3132-426: The Austrian Succession had seen the belligerents aligned on a time-honoured basis. France's traditional enemies, Great Britain and Austria , had coalesced just as they had done against Louis XIV. Prussia , the leading anti-Austrian state in Germany, had been supported by France. Neither group, however, found much reason to be satisfied with its partnership: British subsidies to Austria produced nothing of much help to
3248-632: The British, while the British military effort had not saved Silesia for Austria. Prussia, having secured Silesia, came to terms with Austria in disregard of French interests. Even so, France concluded a defensive alliance with Prussia in 1747, and the maintenance of the Anglo-Austrian alignment after 1748 was deemed essential by the Duke of Newcastle , British secretary of state in the ministry of his brother Henry Pelham . The collapse of that system and
3364-644: The Dutch wished to remain fully neutral. Despite the huge disparity in numbers, the year had been successful for the Prussian-led forces on the continent, in contrast to the British campaigns in North America. On 18 April 1757, Frederick II again took the initiative by marching into the Kingdom of Bohemia , hoping to inflict a decisive defeat on Austrian forces. After winning the bloody Battle of Prague on 6 May 1757, in which both forces suffered major casualties,
3480-569: The Elder , who entered the cabinet in 1756, had a grand vision for the war that made it entirely different from previous wars with France. As prime minister, Pitt committed Britain to a grand strategy of seizing the entire French Empire, especially its possessions in North America and India. Britain's main weapon was the Royal Navy, which could control the seas and bring as many invasion troops as were needed. He also planned to use colonial forces from
3596-711: 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,
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3712-439: The European war went well, by its end France had few counterbalancing European successes. The British—by inclination as well as for practical reasons—had tended to avoid large-scale commitments of troops on the continent. They sought to offset the disadvantage of this in Europe by allying themselves with one or more continental powers whose interests were antithetical to those of their enemies, particularly France. By subsidising
3828-596: 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
3944-550: 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
4060-591: 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,
4176-473: The Imperial Russian Army was a new threat to Prussia. Not only was Frederick forced to break off his invasion of Bohemia, he was also now forced to withdraw further into Prussian-controlled territory. His defeats on the battlefield brought still more opportunistic nations into the war. Sweden declared war on Prussia and invaded Pomerania with 17,000 men. Sweden felt this small army was all that
4292-604: The Indian subcontinent, the conflict is called the Third Carnatic War (1757–1763). The term " Second Hundred Years' War " has been used in order to describe the almost continuous level of worldwide conflict between France and Great Britain during the entire 18th century, reminiscent of the Hundred Years' War of the 14th and 15th centuries. The boundary between British and French possessions in North America
4408-516: 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
4524-691: 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
4640-569: The North East of England. The company had £12.2 billion of assets under management as at 31 March 2023. 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
4756-466: The Ottoman Empire. They also agreed to a secret clause that promised the restoration of Silesia and the countship of Glatz (now Kłodzko , Poland) to Austria in the event of hostilities with Prussia. Their real desire, however, was to destroy Frederick's power altogether, reducing his sway to his electorate of Brandenburg and giving East Prussia to Poland, an exchange that would be accompanied by
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4872-576: The Prussians forced the Austrians back into the fortifications of Prague. The Prussian army then laid siege to the city . In response, Austrian commander Leopold von Daun collected a force of 30,000 men to come to the relief of Prague. Following the battle at Prague, Frederick took 5,000 troops from the siege at Prague and sent them to reinforce the 19,000-man army under the Duke of Brunswick-Bevern at Kolín in Bohemia. Daun arrived too late to participate in
4988-476: 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
5104-459: The Russians under Field Marshal Apraksin besieged Memel with 75,000 troops. Memel had one of the strongest fortresses in Prussia. However, after five days of artillery bombardment, the Russian army was able to storm it. The Russians then used Memel as a base to invade East Prussia and defeated a smaller Prussian force in the fiercely contested Battle of Gross-Jägersdorf on 30 August 1757. In
5220-525: The Saxons. At the Battle of Lobositz on 1 October 1756, Frederick stumbled into one of the embarrassments of his career. Severely underestimating a reformed Austrian army under General Maximilian Ulysses Browne, he found himself outmanoeuvred and outgunned, and at one point in the confusion even ordered his troops to fire on retreating Prussian cavalry. Frederick actually fled the field of battle, leaving Field Marshall Keith in command. Browne, however, also left
5336-730: The Swedish invasion. In short order, the Prussian army drove the Swedes back, occupied most of Swedish Pomerania , and blockaded its capital Stralsund . George II of Great Britain , on the advice of his British ministers after the battle of Rossbach, revoked the Convention of Klosterzeven, and Hanover reentered the war. Over the winter the new commander of the Hanoverian forces, Duke Ferdinand of Brunswick (until immediately before
5452-428: The aligning of France with Austria and of Great Britain with Prussia constituted what is known as the " Diplomatic Revolution " or the "reversal of alliances". In 1756 Austria was making military preparations for war with Prussia and pursuing an alliance with Russia for this purpose. On 2 June 1756, Austria and Russia concluded a defensive alliance that covered their own territory and Poland against attack by Prussia or
5568-658: The armies of continental allies, Britain could turn London's enormous financial power to military advantage . In the Seven Years' War, the British chose as their principal partner the most brilliant general of the day, Frederick the Great of Prussia, then the rising power in central Europe, and paid Frederick substantial subsidies for his campaigns. This was accomplished in the Diplomatic Revolution of 1756, in which Britain ended its long-standing alliance with Austria in favour of Prussia, leaving Austria to side with France. In marked contrast to France, Britain strove to prosecute
5684-600: The attempt to satisfy Austria at the time, Britain gave their electoral vote in Hanover for the candidacy of Maria Theresa's son, Joseph II , as the Holy Roman Emperor, much to the dismay of Frederick and Prussia. Not only that, Britain would soon join the Austro-Russian alliance, but complications arose. Britain's basic framework for the alliance itself was to protect Hanover's interests against France. At
5800-453: The battle of Prague, but picked up 16,000 men who had escaped from the battle. With this army he slowly moved to relieve Prague. The Prussian army was too weak to simultaneously besiege Prague and keep Daun away, and Frederick was forced to attack prepared positions. The resulting Battle of Kolín was a sharp defeat for Frederick, his first. His losses further forced him to lift the siege and withdraw from Bohemia altogether. Later that summer,
5916-569: The border of Saxony, one of the small German states in league with Austria. He intended this as a bold pre-emption of an anticipated Austro-French invasion of Silesia. He had three goals in his new war on Austria. First, he would seize Saxony and eliminate it as a threat to Prussia, then use the Saxon army and treasury to aid the Prussian war effort. His second goal was to advance into Bohemia, where he might set up winter quarters at Austria's expense. Thirdly, he wanted to invade Moravia from Silesia, seize
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#17327987615356032-605: The brief occupation of Düsseldorf , he was compelled by the successful manoeuvering of larger French forces to withdraw across the Rhine. By this point Frederick was increasingly concerned by the Russian advance from the east and marched to counter it. Just east of the Oder in Brandenburg- Neumark , at the Battle of Zorndorf (now Sarbinowo, Poland), a Prussian army of 35,000 men under Frederick on 25 August 1758, fought
6148-462: The cession of the Polish Duchy of Courland to Russia. Alexey Bestuzhev-Ryumin , grand chancellor of Russia under Empress Elizabeth , was hostile to both France and Prussia, but he could not persuade Austrian statesman Wenzel Anton von Kaunitz to commit to offensive designs against Prussia so long as Prussia was able to rely on French support. The Hanoverian King George II of Great Britain
6264-443: The cold season, resuming their campaigns with the return of spring. For much of the eighteenth century, France approached its wars in the same way. It would let colonies defend themselves or would offer only minimal help (sending them limited numbers of troops or inexperienced soldiers), anticipating that fights for the colonies would most likely be lost anyway. This strategy was to a degree forced upon France: geography, coupled with
6380-426: The continent, hoping for victories closer to home. The plan was to fight to the end of hostilities and then, in treaty negotiations, to trade territorial acquisitions in Europe to regain lost overseas possessions (as had happened in, e.g. , the Treaty of Saint-Germain-en-Laye and the Treaty of Aix-la-Chapelle ). This approach did not serve France well in the war, as the colonies were indeed lost, and although much of
6496-431: 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
6612-442: The existence of the Secret du Roi —a system of private diplomacy conducted by King Louis XV. Unbeknownst to his foreign minister, Louis had established a network of agents throughout Europe with the goal of pursuing personal political objectives that were often at odds with France's publicly stated policies. Louis's goals for le Secret du roi included the Polish crown for his kinsman Louis François de Bourbon, Prince of Conti , and
6728-482: The field, in a vain attempt to meet up with an isolated Saxon army holed up in the fortress at Pirna. As the Prussians technically remained in control of the field of battle, Frederick, in a masterful coverup, claimed Lobositz as a Prussian victory. The Prussians then occupied Saxony; after the siege of Pirna , the Saxon army surrendered in October 1756, and was forcibly incorporated into the Prussian army. The attack on neutral Saxony caused outrage across Europe and led to
6844-408: 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
6960-482: 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,
7076-422: The first British troop commitment on the continent and a reversal in the policy of Pitt. Ferdinand's Hanoverian army, supplemented by some Prussian troops, had succeeded in driving the French from Hanover and Westphalia and re-captured the port of Emden in March 1758 before crossing the Rhine with his own forces, which caused alarm in France. Despite Ferdinand's victory over the French at the Battle of Krefeld and
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#17327987615357192-487: 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
7308-413: 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
7424-425: The fortress at Olmütz, and advance on Vienna to force an end to the war. Accordingly, leaving Field Marshal Count Kurt von Schwerin in Silesia with 25,000 soldiers to guard against incursions from Moravia and Hungary, and leaving Field Marshal Hans von Lehwaldt in East Prussia to guard against Russian invasion from the east, Frederick set off with his army for Saxony. The Prussian army marched in three columns. On
7540-420: 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
7656-509: The inconclusive Battle of Lake George . The British also harassed French shipping beginning in August 1755, seizing hundreds of ships and capturing thousands of merchant seamen while the two nations were nominally at peace. Incensed, France prepared to attack Hanover, whose prince-elector was also the King of Great Britain and Menorca . Britain concluded a treaty whereby Prussia agreed to protect Hanover. In response France concluded an alliance with its long-time enemy Austria, an event known as
7772-400: The island was captured on 28 June (for which Admiral Byng was court-martialed and executed). Britain formally declared war on France on 17 May, nearly two years after fighting had broken out in the Ohio Country . Frederick II of Prussia had received reports of the clashes in North America and had formed an alliance with Great Britain . On 29 August 1756, he led Prussian troops across
7888-465: The leading role in siege warfare . Strategic warfare in this period centred around control of key fortifications positioned so as to command the surrounding regions and roads, with lengthy sieges a common feature of armed conflict. Decisive field battles were relatively rare. The Seven Years' War, like most European wars of the eighteenth century, was fought as a so-called cabinet war in which disciplined regular armies were equipped and supplied by
8004-441: 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
8120-420: 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
8236-473: The maintenance of Poland, Sweden, and the Ottoman Empire as French allies in opposition to Russian and Austrian interests. Frederick saw Saxony and Polish west Prussia as potential fields for expansion, but could not expect French support if he started an aggressive war for them. If he joined the French against the British in the hope of annexing Hanover, he might fall victim to an Austro-Russian attack. The hereditary elector of Saxony, Frederick Augustus II ,
8352-515: The new threat on their doorstep, and Austria was anxious to regain Silesia , lost to Prussia in the War of the Austrian Succession . Along with France, Russia and Austria agreed in 1756 to mutual defence and an attack by Austria and Russia on Prussia, subsidized by France. Westphalia, Hesse and Lower Saxony Electoral Saxony Brandenburg Silesia East Prussia Pomerania Iberian Peninsula Naval Operations William Pitt
8468-552: The next five years. Between 10 and 17 October 1757, a Hungarian general, Count András Hadik , serving in the Austrian army, executed what may be the most famous hussar action in history. When the Prussian king, Frederick, was marching south with his powerful armies, the Hungarian general unexpectedly swung his force of 5,000, mostly hussars, around the Prussians and occupied part of their capital, Berlin, for one night. The city
8584-416: The outbreak of the French and Indian War in 1754. Following the realignment of traditional alliances in the so-called 1756 Diplomatic Revolution , Prussia allied with Britain, while the long running French–Habsburg rivalry ended when Austria signed a treaty with France. Spain entered the war on the French side in 1762, unsuccessfully attempting to invade Britain's ally Portugal in what became known as
8700-481: The parties hoped to achieve lasting peace and stability in Europe. The carefully coded word in the agreement proved no less catalytic for the other European powers. The results were absolute chaos. Empress Elizabeth of Russia was outraged at the duplicity of Britain's position. Not only that, but France was enraged and terrified by the sudden betrayal of its only ally, Prussia. Austria, particularly Kaunitz, used this situation to their utmost advantage. Now-isolated France
8816-454: The peace table, but she was determined not to negotiate until she had re-taken Silesia. Maria Theresa also improved the Austrians' command after Leuthen by replacing her incompetent brother-in-law, Charles of Lorraine , with Daun, who was now a field marshal. Calculating that no further Russian advance was likely until 1758, Frederick moved the bulk of his eastern forces to Pomerania under the command of Marshal Lehwaldt, where they were to repel
8932-476: The preparation was directed against Prussia, was more than happy to obey the request of the British. Unbeknownst to the other powers, King George II also made overtures to the Prussian king, Frederick, who, fearing the Austro-Russian intentions, was also desirous of a rapprochement with Britain. On 16 January 1756, the Convention of Westminster was signed, whereby Britain and Prussia promised to aid one another;
9048-489: 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
9164-516: The range of covered European fixed income markets. London Stock Exchange Group acquired Turquoise , a Pan-European MTF, in 2009. Seven Years%27 War The Seven Years' War (1756–1763) was a global conflict involving most of the European great powers , fought primarily in Europe and the Americas . One of the opposing alliances was led by Great Britain and Prussia . The other alliance
9280-646: The right was a column of about 15,000 men under the command of Prince Ferdinand of Brunswick . On the left was a column of 18,000 men under the command of the Duke of Brunswick-Bevern . In the centre was Frederick II, himself with Field Marshal James Keith commanding a corps of 30,000 troops. Ferdinand of Brunswick was to close in on the town of Chemnitz . The Duke of Brunswick-Bevern was to traverse Lusatia to close in on Bautzen . Meanwhile, Frederick and Keith would make for Dresden . The Saxon and Austrian armies were unprepared, and their forces were scattered. Frederick occupied Dresden with little or no opposition from
9396-584: The same time, Kaunitz kept approaching the French in the hope of establishing just such an alliance with Austria. Not only that, France had no intention to ally with Russia, who, years earlier, had meddled in France's affairs during Austria's succession war. France also saw the dismemberment of Prussia as threatening to the stability of Central Europe. Years later, Kaunitz kept trying to establish France's alliance with Austria. He tried as hard as he could to avoid Austrian entanglement in Hanover's political affairs, and
9512-585: 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
9628-677: The state to conduct warfare on behalf of the sovereign's interests. Occupied enemy territories were regularly taxed and extorted for funds, but large-scale atrocities against civilian populations were rare compared with conflicts in the previous century. Military logistics was the decisive factor in many wars, as armies had grown too large to support themselves on prolonged campaigns by foraging and plunder alone. Military supplies were stored in centralised magazines and distributed by baggage trains that were highly vulnerable to enemy raids. Armies were generally unable to sustain combat operations during winter and normally established winter quarters in
9744-412: 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,
9860-441: The strengthening of the anti-Prussian coalition. The Austrians had succeeded in partially occupying Silesia and, more importantly, denying Frederick winter quarters in Bohemia. Frederick had proven to be overly confident to the point of arrogance and his errors were very costly for Prussia's smaller army. This led him to remark that he did not fight the same Austrians as he had during the previous war. Britain had been surprised by
9976-467: The sudden Prussian offensive but now began shipping supplies and £670,000 (equivalent to £125.9 million in 2023) to its new ally. A combined force of allied German states was organised by the British to protect Hanover from French invasion, under the command of the Duke of Cumberland . The British attempted to persuade the Dutch Republic to join the alliance, but the request was rejected, as
10092-461: The superiority of the British navy, made it difficult for the French navy to provide significant supplies and support to overseas colonies. Similarly, several long land borders made an effective domestic army imperative for any French ruler. Given these military necessities, the French government, unsurprisingly, based its strategy overwhelmingly on the army in Europe: it would keep most of its army on
10208-403: The thirteen American colonies, working under the command of British regulars, to invade New France. In order to tie the French army down he subsidized his European allies. Pitt was head of the government from 1756 to 1761, and even after that the British continued his strategy. It proved completely successful. Pitt had a clear appreciation of the enormous value of imperial possessions, and realized
10324-493: The time as the Austrian Army was considered to be a highly professional force. With these victories, Frederick once again established himself as Europe's premier general and his men as Europe's most accomplished soldiers. However, Frederick missed an opportunity to completely destroy the Austrian army at Leuthen; although depleted, it escaped back into Bohemia. He hoped the two smashing victories would bring Maria Theresa to
10440-495: 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
10556-424: The two men agreed to a political partnership and formed a coalition government that gave new, firmer direction to the war effort. The new strategy emphasised both Newcastle's commitment to British involvement on the continent, particularly in defence of its German possessions, and Pitt's determination to use naval power to seize French colonies around the globe. This "dual strategy" would dominate British policy for
10672-415: 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
10788-550: The vulnerability of the French Empire. The British prime minister, the Duke of Newcastle , was optimistic that the new series of alliances could prevent war from breaking out in Europe. However, a large French force was assembled at Toulon , and the French opened the campaign against the British with an attack on Minorca in the Mediterranean. A British attempt at relief was foiled at the Battle of Minorca , and
10904-407: The war actively overseas, taking full advantage of its naval power . The British pursued a dual strategy—naval blockade and bombardment of enemy ports, and rapid movement of troops by sea. They harassed enemy shipping and attacked enemy colonies, frequently using colonists from nearby British colonies in the effort. The Russians and the Austrians were determined to reduce the power of Prussia,
11020-425: 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
11136-596: The western borders of their colonies. They felt the French would encourage their tribal allies among the North American natives to attack them. Also, the British settlers wanted access to the fertile land of the Ohio River Valley for the new settlers that were flooding into the British colonies seeking farmland. The most important French fort planned was intended to occupy a position at "the Forks", where
11252-649: The winter and would remain under their control until 1762, although it was far less strategically valuable to Prussia than Brandenburg or Silesia. In any case, Frederick did not see the Russians as an immediate threat and instead entertained hopes of first fighting a decisive battle against Austria that would knock them out of the war. In April 1758, the British concluded the Anglo-Prussian Convention with Frederick in which they committed to pay him an annual subsidy of £670,000. Britain also dispatched 9,000 troops to reinforce Ferdinand's Hanoverian army,
11368-461: The words of the American historian Daniel Marston , Gross-Jägersdorf left the Prussians with "a newfound respect for the fighting capabilities of the Russians that was reinforced in the later battles of Zorndorf and Kunersdorf". However, the Russians were not yet able to take Königsberg after using up their supplies of cannonballs at Memel, and Gross-Jägersdorf retreated soon afterwards. Logistics
11484-429: 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
11600-525: Was a recurring problem for the Russians throughout the war. The Russians lacked a quartermaster's department capable of keeping armies operating in Central Europe properly supplied over the primitive mud roads of eastern Europe. The tendency of Russian armies to break off operations after fighting a major battle, even when they were not defeated, was less about their casualties and more about their supply lines; after expending much of their munitions in
11716-505: Was also elective King of Poland as Augustus III, but the two territories were physically separated by Brandenburg and Silesia. Neither state could pose as a great power. Saxony was merely a buffer between Prussia and Austrian Bohemia , whereas Poland, despite its union with the ancient lands of Lithuania, was prey to pro-French and pro-Russian factions. A Prussian scheme for compensating Frederick Augustus with Bohemia in exchange for Saxony obviously presupposed further spoliation of Austria. In
11832-582: 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
11948-484: 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,
12064-474: 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,
12180-491: Was even willing to trade Austrian Netherlands for France's aid in recapturing Silesia. Frustrated by this decision and by the Dutch Republic 's insistence on neutrality, Britain soon turned to Russia. On 30 September 1755, Britain pledged financial aid to Russia in order to station 50,000 troops on the Livonian-Lithuanian border, so they could defend Britain's interests in Hanover immediately. Bestuzhev, assuming
12296-507: Was forced to accede to the Austro-Russian alliance or face ruin. Thereafter, on 1 May 1756, the First Treaty of Versailles was signed, in which both nations pledged 24,000 troops to defend each other in the case of an attack. This diplomatic revolution proved to be an important cause of the war; although both treaties were ostensibly defensive in nature, the actions of both coalitions made the war virtually inevitable. European warfare in
12412-643: Was halted, while Prussia confirmed its status as a great power, challenging Austria for dominance within the Holy Roman Empire , thus altering the European balance of power . In the historiography of some countries, the war is named after combatants in its respective theatres. In the present-day United States, the conflict is known as the French and Indian War (1754–1763). In English-speaking Canada—the balance of Britain's former North American colonies—it
12528-626: 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
12644-542: Was largely undefined in the 1750s. France had long claimed the entire Mississippi River basin. This was disputed by Britain. In the early 1750s the French began constructing a chain of forts in the Ohio River Valley to assert their claim and shield the Native American population from increasing British influence. The British settlers along the coast were upset that French troops would now be close to
12760-464: Was led by France and Austria , backed by Spain , Saxony , Sweden , and Russia . Related conflicts include the 1754 to 1763 French and Indian War , and 1762 to 1763 Anglo-Spanish War . The War of the Austrian Succession ended in 1748, but failed to resolve ongoing tensions between the European powers. Continuing colonial disputes between Britain and France in North America resulted in
12876-410: Was needed to occupy Pomerania and felt the Swedish army would not need to engage with the Prussians because the Prussians were occupied on so many other fronts. This problem was compounded when the main Hanoverian army under Cumberland, which include Hesse-Kassel and Brunswick troops, was defeated at the Battle of Hastenbeck and forced to surrender entirely at the Convention of Klosterzeven following
12992-484: 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
13108-556: Was passionately devoted to his family's continental holdings, but his commitments in Germany were counterbalanced by the demands of the British colonies overseas. If war against France for colonial expansion was to be resumed, then Hanover had to be secured against Franco-Prussian attack. France was very much interested in colonial expansion and was willing to exploit the vulnerability of Hanover in war against Great Britain, but it had no desire to divert forces to Central Europe for Prussia's interest. French policy was, moreover, complicated by
13224-481: Was spared for a negotiated ransom of 200,000 thalers. When Frederick heard about this humiliating occupation, he immediately sent a larger force to free the city. Hadik, however, left the city with his hussars and safely reached the Austrian lines. Subsequently, Hadik was promoted to the rank of marshal in the Austrian Army. In early 1758, Frederick launched an invasion of Moravia and laid siege to Olmütz (now Olomouc , Czech Republic). Following an Austrian victory at
13340-563: 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
13456-592: Was the assault on Acadia on 16 June 1755 in the Battle of Fort Beauséjour , which was immediately followed by their expulsion of the Acadians . In July, British Major General Edward Braddock led about 2,000 army troops and provincial militia on an expedition to retake Fort Duquesne, but the expedition ended in disastrous defeat. In further action, Admiral Edward Boscawen fired on the French ship Alcide on 8 June 1755 , capturing it and two troop ships. In September 1755, British colonial and French troops met in
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