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
Barratt Developments PLC752.40 GBX-0.11
Burberry Group PLC2,016.00 GBX-4.18Rating
Centrica PLC54.02 GBX-1.85Rating
Fresnillo PLC869.00 GBX-3.10
HSBC Holdings PLC443.75 GBX-0.03Rating
ITV PLC126.95 GBX2.38
Lloyds Banking Group PLC47.01 GBX-0.60Rating
Marks & Spencer Group PLC151.30 GBX-0.82Rating
NatWest Group PLC189.30 GBX-0.16Rating
Next PLC7,912.00 GBX0.43
Persimmon PLC3,075.00 GBX-0.55
Standard Chartered PLC507.40 GBX-0.35Rating
Taylor Wimpey PLC174.00 GBX-0.51

About Author

Karen Kwok

Karen Kwok  is a Reporter for

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