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
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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 PLC646.00 GBX0.53
Burberry Group PLC1,889.50 GBX-0.34Rating
Centrica PLC59.24 GBX0.78Rating
Fresnillo PLC923.00 GBX0.70
HSBC Holdings PLC443.05 GBX1.90Rating
ITV PLC102.90 GBX-1.11
Lloyds Banking Group PLC48.78 GBX0.10Rating
Marks & Spencer Group PLC182.15 GBX2.36Rating
NatWest Group PLC232.00 GBX0.74Rating
Next PLC7,856.00 GBX0.26
Persimmon PLC2,629.00 GBX0.73
Standard Chartered PLC489.10 GBX0.04Rating
Taylor Wimpey PLC149.45 GBX0.03

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk