Hopefully it goes without saying that prices on the LSE are quoted in pence. A typical price might be, for example, 327 pence. This would mean that each share is currently valued at GBP3.27 or three pounds and twenty seven pence.
Unlike the US markets, it is very rare for British companies to trade in the hundreds of pounds per share. For example, as I look at my stock ticker now, Amazon is trading at $316.48 and Apple at $112.82 per unit. Even the largest companies in the UK - of which there are some incredibly big firms, would not trade at such numbers.
Beyond The UK
As one of the oldest and largest exchanges in the world, the LSE has a very significant role to play in the global economy. It is not, admittedly, as important as Wall Street, but major moves in London have an impact elsewhere.
There are two areas in which this is especially true, oil and financial services. While The City is home to virtually every investment bank, there are many other areas in which London is important, such as in foreign exchange and the eurobond market.
The influence of the UK financial services sector was shown to the fore during the financial crisis of 2008/9 when the British banking sector was put under major pressure and forced to bailout banks. The close relationship to Wall Street meant that as the big American firms began to suffer, the impact was felt simultaneously in London.
Additionally, Britain's history as an empire means that there are many holdings in the oil sector around the world that are still quoted through the huge companies like BP. Some of these types of descriptions are covered in our pages relating to beginners (information here), our description of a stock market (information here and information here).
The UK economy sits in the middle. On the one hand, it is a part of the European Union and most of Britain's main trading partners are EU member states and eurozone countries. However, the British economy has traditionally been more closely linked to the cycle of the United States than Europe. This means that it has an American economic cycle while being very closely linked to Europe's movements as well.
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