London Stock Exchange Group launches third annual Charity Trading Day
- Equity trading fees from today across the Group to be donated to charity
- Over £500,000 expected to be raised
- LSEG Foundation’s partner charities open London trading
London Stock Exchange Group (LSEG) will today donate a day’s worth of equity trading fees from London Stock Exchange, Borsa Italiana and Turquoise – expected to be in excess of £500,000 – to charity.
Distributed through LSEG Foundation, the money raised will help support a wide range of charities in the communities in which the Group operates. These include Friendship Works, a London-based youth mentoring organisation; In-Presa, a youth development charity based in Milan; UNICEF, a leading global charity supporting children, and Habitat for Humanity Sri Lanka, a housing charity working with communities in Sri Lanka.
To celebrate the occasion, representatives from the charities attended a Market Open Ceremony in London this morning. It was hosted by Mark Makepeace, FTSE chief executive, who sits on the LSEG Foundation committee. In Milan, Borsa Italiana will host the conference “Children are everyone’s business. Children’s rights and business principles” in collaboration with UNICEF.
Mark Makepeace, CEO, FTSE and Global Head of Information Services, LSEG said:
“We are thrilled to be able to welcome our partner charities to open the market today at the start of what we hope will be a buoyant day of trading. The support of our customers in helping to raise money for these important causes is key; last year we raised over £500,000 and we are confident in topping that total today.”
Last year, trading fees totalling £533,000 were donated to 24 charities through the LSEG Foundation, which has donated over £2.8million to a number of charities since its launch in 2010.
David Bull, UNICEF UK’s Executive Director, said:
“Congratulations to all involved in today’s event. We’re delighted to have partnerships with FTSE and London Stock Exchange which have enabled us to provide clean water, nutritional supplements and vital medicine to millions of children across the world. Recently London Stock Exchange Group supported our emergency work in the Philippines, where nearly six million children were affected by Typhoon Haiyan.”
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For further information:
Tom Gilbert +44 (0)20 7797 1222
Notes to editors:
About London Stock Exchange Foundation
London Stock Exchange Group Foundation is a charitable trust set up through the Charities Aid Foundation and is the single channel for London Stock Exchange Group’s charitable giving. The Foundation looks to fund significant endeavours and to make investments in the communities in which it operates across the Group in the UK, Italy and Sri Lanka. It provides corporate giving that is integrated with the Group’s brand values and facilitates employee community involvement. The Foundation focuses on initiatives aimed at helping young and disadvantaged people to reach their full potential, through the development of life skills and business enterprise
About the Partner Charities
UK, Friendship Works – building brighter childhoods through mentoring
Friendship Works, the oldest mentoring charity in London, is currently supporting 178 vulnerable children and young people, by providing them with a committed volunteer mentor to spend quality time with them. Through friendship, they are helping children who are struggling with traumatic and complex issues to have joyful childhood experiences, navigate the difficult teenage years and access opportunities to grow and develop into happier, fulfilled adults.
Friendship Works is proud to report that they are already helping more children compared to last year. During the period from April to end of December 2013, they have worked with 227 children, an increase of 11% on last year’s number. (204 children).
Sri Lanka, Habitat for Humanity – building homes, fighting poverty
With the support of LSEG Foundation and volunteers from our technology business in Sri Lanka, Millennium IT, and Habitat for Humanity, , , have built over 100 homes in areas affected by civil war. Our commitment to supporting local communities has also lead to the renovation of 261 houses in the village of Vakarai, to give internally displaced people the opportunity to settle and aspire to a better life. Some 2,000 people have already benefited directly from these efforts.
Italy, In-Presa – giving kids a second chance
In-Presa provides disadvantaged young people from the Milan region, who have dropped out of mainstream education, with vocational training and tutoring. In-Presa is now directly supporting over 350 school leavers by raising their aspirations, providing assistance in getting qualifications and giving help in finding a job. Thanks to funding from LSEG Foundation, in 2013 the charity also opened a pastry-shop where students get trained in the art of pastry-making.
Global, UNICEF – partnering the world over
UNICEF promotes the rights and wellbeing of every child, in everything we do. Together with our partners, we work in 190 countries and territories to translate that commitment into practical action, focusing special effort on reaching the most vulnerable and excluded children, to the benefit of all children, everywhere. UNICEF UK raises funds for UNICEF’s emergency and development work and advocates for lasting change for children everywhere. We are a UK registered charity, supported entirely by voluntary donations. We do not receive any money from the UN. For more information, please visit unicef.org.uk
UNICEF and FTSE have been in partnership for the last 17 years and have donated £3m to projects such as HIV/AIDS prevention, life saving polio vaccination and rain water harvesting in Mozambique. London Stock Exchange Group began supporting UNICEF in 2013 and have recently supported appeals such as Typhoon Haiyan