General Election: FTSE 100 Winners and Losers

The FTSE 100 is up in mid-morning trading following the shock General Election result. Leading the rally are miners and international banks

Karen Kwok 9 June, 2017 | 11:05AM

The FTSE 100 up 1% at 7,510 following the shock election result, where no political party secured a majority. The FTSE 250, a domestically-focused index, is down 0.3% to 19,693.

Yesterday’s General Election ended in a hung parliament as the Conservative Party failed to win a majority. The Conservatives have won 318 seats, the Labour party has 261 seats. To have a majority rule in House of Commons, a political party needs to take 326 of 650 seats. May is expected to form a Government with Northern Ireland’s Democratic Union Party.

Sterling has fallen 2% overnight against the dollar; the weaker pound has a positive impact on FTSE 100, because of the international nature of the FTSE’s revenues.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Barratt Developments PLC507.60 GBX2.13
Burberry Group PLC1,515.00 GBX1.30
Centrica PLC37.98 GBX4.00
Fresnillo PLC809.40 GBX2.95
HSBC Holdings PLC380.40 GBX2.78
ITV PLC83.72 GBX4.29
Lloyds Banking Group PLC30.86 GBX3.31
Marks & Spencer Group PLC99.88 GBX2.17
Next PLC5,122.00 GBX5.30
Persimmon PLC2,389.00 GBX4.19
Standard Chartered PLC400.30 GBX8.66
Taylor Wimpey PLC151.30 GBX5.36
The Royal Bank of Scotland Group PLC115.35 GBX4.53

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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