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 PLC845.84 GBX1.06
Burberry Group PLC1,786.00 GBX-0.50
Centrica PLC78.40 GBX2.11
Fresnillo PLC735.45 GBX0.06
HSBC Holdings PLC550.48 GBX-0.06
ITV PLC126.92 GBX0.37
Lloyds Banking Group PLC53.17 GBX0.12
Marks & Spencer Group PLC181.90 GBX1.59
Next PLC6,798.00 GBX0.50
Persimmon PLC3,213.00 GBX0.91
Standard Chartered PLC605.00 GBX-0.26
Taylor Wimpey PLC226.30 GBX0.89
The Royal Bank of Scotland Group PLC199.80 GBX1.04

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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