Stock of the Week: London Stock Exchange

LSE shares have soared in the last 10 years as it's built a competitive moat from trading, data and benchmarks

James Gard 10 December, 2020 | 12:14AM
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Post-It Note

Our stock of the week is London Stock Exchange (LSE), as voted by our Twitter followers, in a poll that included firms directly affected by Britain’s trade prospects after Brexit.

Unlike the other companies in our poll, BAE Systems, Rolls-Royce and Smith & Nephew, the LSE is the only company on our list not to make anything. Instead it acts as the exchange where investors private and professional can buy or sell shares. Companies use the LSE to raise money by issuing shares and bonds – so when you buy a stock, investment trust or ETF, chances are it will be traded on the LSE. Or when you buy units in a fund, the manager will have bought the stocks in his or her portfolio on the LSE. The LSE also owns indices such as the FTSE. So when we asked the question, “What is the Stock Market?” in a recent video, many people would think of the London Stock Exchange and the LSE is intimately connected with how London sees itself as a global financial centre.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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James Gard  is content editor for Morningstar.co.uk

 

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