Budget 2017: FTSE 100 Winners and Losers

The FTSE 100 stayed flat following the UK Budget - with slight gains in banking and retailer stocks thanks to upbeat economic forecasts

Karen Kwok 8 March, 2017 | 3:29PM
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This week as part of our Guide to ISA Investing we reveal the top rated and top performing stock and fund ideas – as well as sharing where the experts stash their cash, the latest news from the 2017 Budget Report and how to reduce your tax bill.

UK stocks stayed flat this afternoon, following the Spring Budget report from Chancellor Philip Hammond today – despite good news about the economic outlook.

The UK economic growth forecast has been upgraded from 1.4% to 2% for this year, although in 2018 GDP growth is forecast to slow to 1.6%, before picking up to 1.7% in 2019, then 1.9% in 2020, before picking back up to grow 2% in 2021. Economic growth in 2016 was second only to Germany amongst the major advanced economies, growing faster than the US, Japan and France, Hammond added.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
3i Ord1,285.50 GBX-0.54Rating
Admiral Group PLC3,524.00 GBX0.37Rating
Barclays PLC182.72 GBX0.01Rating
Hikma Pharmaceuticals PLC2,423.00 GBX-1.46
Legal & General Group PLC280.00 GBX-1.34
Lloyds Banking Group PLC45.05 GBX0.61Rating
Marks & Spencer Group PLC182.40 GBX0.11Rating
Morrison (Wm) Supermarkets PLC293.80 GBX0.93Rating
Taylor Wimpey PLC167.35 GBX-1.99

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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