Osborne 'unlocks' Stock Exchange in new ceremony
Wednesday 11 May 2011
The London Stock Exchange's version of Wall Street's opening bell was launched yesterday with the use of a giant countdown clock and key.
The inaugural event saw a timer on a giant globe mark the 8am opening, before the Chancellor, George Osborne, triggered trade by "unlocking" the market with a plastic key.
The ceremony will become a regular event with companies and celebrities expected to turn the key on occasions such as a stock market flotation.
The giant globe, placed in the central atrium of the LSE headquarters at Paternoster Square in the City of London, is set against 500 high definition screens, which will be used to show news, market prices and weather.
The LSE has for years marked the start of trading by activating balls on a mobile sculpture known as The Source. But the LSE decided to replace it with a more traditional, opening bell-style ceremony, even though pit trading at the exchange ended 25 years ago.
- 1 The truth about 'girl things': Three cheers for Heather Watson's honesty
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 4 Tennis fan suing Australian Open organisers for 'failing to shade spectators' during Murray match
- 5 Syrian refugee child beaten by Istanbul Burger King manager for eating customer’s leftover food
Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Rob Lowe hits out at White House decision not to meet Israeli leader
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign
Winston Churchill: From accusations of anti-Semitism to the blunt refusal that led to the deaths of millions
British Muslim leaders outraged after Eric Pickles says followers of Islam should 'prove their identity'
UK terror fears: My jihadist son returned from Syria mentally scarred – now he is being ignored
Nigel Farage: NHS might have to be replaced by private health insurance
Billy Crystal: 'Stop shoving gay sex scenes in my face'
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
iJobs Money & Business
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...
£16000 - £25000 per annum: Recruitment Genius: This is an exciting opportunity...
£45000 - £47000 per annum + bonus + benefits: Ashdown Group: Java Developer / ...
£35000 - £38000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...