Monday, October 30, 2006

London Stock Exchange Trivia

Stock prices are quoted on the London Stock Exchange in British "pence" and not British "pounds." For example, British Airways is trading at about 457.75, which is 457.75 pence and not 457.75 pounds.

Strange, but true. See the list of stocks in the
FTSE-100 here, note that there is a "p" after each stock price.


At 11/01/2006 12:24 PM, Anonymous Anonymous said...

wait...unless I have my maths wrong, pence is to pound as cent is to dollar, so 457 pence is only 4.57 pounds. going exchange rate of nearly 2 dollars to the pound and you're looking at approximately $9 a share.


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