October 7, 2022
Tea

Redding terminals in London will not operate on Monday as several markets around the world prepare to commemorate the death of the Queen.

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The London Stock Exchange will not trade at all on the day of the monarch’s funeral, while markets in other Commonwealth countries are also planning to close for a public holiday in the coming days to mark his death.

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London markets, including the FTSE 100 and related trading indexes, have operated every day since the announcement of the Queen’s death after closing on Thursday 8 September, with opening and closing at normal times the following day.

The London Stock Exchange Group said last week: “We are deeply saddened by the passing of Her Majesty Queen Elizabeth II.

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“Our sympathies and condolences are with the royal family.”

The stock exchange is usually closed for bank holidays and weekends.

It said: “On the day of Her Majesty the Queen’s funeral, the London Stock Exchange will remain closed for business.

“It is to remain open for business as usual during the official period of mourning.

“More information about our business days is available through our website.”

Many other businesses have decided to close for some or all of the day after the funeral, although they are not required to do so.

In Canada, where the Queen was the head of state, the government has declared Monday a federal holiday for the funeral, but the Toronto Stock Exchange will continue to trade as normal, it announced.

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In Australia, Monday will be a normal working day, but Prime Minister Anthony Albanese has announced that Australians will have a public holiday on Thursday 22 September.

The Australian Securities Exchange in Sydney will be closed on that day.

New Zealand’s bank holiday is not until Monday 26 September. The New Zealand exchange will be closed on that day.